Cips - Study guides, Class notes & Summaries

CIPS L4M4 - RESPONSIBLE AND ETHICAL SOURCING EXAM QUESTIONS & ANSWERS 2024/25 What does sourcing mean? - ANSWERSWhen procurement professionals try to find suitable suppliers, products or services for the right money, quantity etc What are the two types of sourcing? - ANSWERSTactical and Strategic What is Tactical Sourcing? - ANSWERSThis involves low level decision making High profit, low risk items Short term projects Transactional relationships What is strategic sourcing? - ...

CIPS L6M5 - Strategic Programme Leadership LO2 Exam Questions & Answers 2024/25 Fixed pricing - ANSWERSFixed pricing is a strategy in which a supplier estimates their cost and fees and uses that price to bid for the contract. Variable pricing (cost plus pricing) - ANSWERSVariable pricing (cost plus pricing) is when a supplier buys at the market price and sells at this plus margin. Buyers cost may in/ or decrease This means that market fluctuations are therefore passed onto the buy...

CIPS L4M1 - Question & Answer Past exam questions latest 2023/2023

CIPS L4M7 Questions and Answers 100% Solved Slow moving items Correct Ans-Items that tend to remain in store for relatively long time Fast moving items Correct Ans-Items that are held for only a short time before despatched Category a Correct Ans-High usage/fast moving items

CIPS L4M2 Defining Business Need Types of Purchases new buy, straight rebuy, modified rebuy Straight rebuy purchase Routine purchases of the same products under approximately the same terms of sale Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen Modified rebuy purchase When new-task purchases are changed on repeat orders or straight rebuy purchases are modified New purchase A purchase of an item fo...

CIPS L4M8 Exam Verified 100% Correct!!

CIPS L4M2 Defining Business Need: Questions and answers/ Types of Purchases new buy, straight rebuy, modified rebuy Straight rebuy purchase Routine purchases of the same products under approximately the same terms of sale Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen Modified rebuy purchase When new-task purchases are changed on repeat orders or straight rebuy purchases are modified New purchase A purchase o...

CIPS L5M1 questions with complete solutions 2024/2025Basic characteristics of an organizations - correct answer Structure Objectives People Fayols 5 functions of management - correct answer Planning Organising Commanding Co ordinating Controlling STEEPLE - correct answer Socio- cultural ,Technological, Economic, Ecological, Political, Legal and Ethical CSR (Corporate Social Responsibility) - correct answer Commitment to systematic consideration of the environmental, social a...

CIPS Level 3 Module 1 Questions With Correct Answers.