Cips l4m4 - 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 L4M4 LO1 QUESTIONS AND ANSWERS 100% PASS What is sourcing? Sourcing is the location, acquisition and management of all the vital inputs required for an organisation to operate. What is tactical/operational sourcing? Low-level decision making High profit, low risk items Short-term projects Transactional relationships What is strategic sourcing? Top-level decision making High-profit, high-risk items Long-term projects Collaborative relationships What aspects typically re...

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CIPS L4M4 LO3 Exam Questions and Answers what are the legislations of marketplace competition? Correct Ans-- treaty of rome (section 7) - competition act 1998 - competition act No 89 of 1998 - competition and consumer act 2010 - the sherman antitrust act

CIPS L4M4 LO1(Ethical and Responsible Sourcing) Questions and Answers What are Porters Five Forces? Correct Ans-- Threat of new entrants - Bargaining power of buyers - Threat of substitutes - Bargaining power of suppliers - Rivalry among existing competitors

CIPS L4M4 LO1 questions with 100% correct answers rated A+ What is sourcing? - correct answer Sourcing is the location, acquisition and management of all the vital inputs required for an organization to operate. What is tactical/operational sourcing? - correct answer Low-level decision making High profit, low risk items Short-term projects Transactional relationships What is strategic sourcing? - correct answer Top-level decision making High-profit, high-risk items Long-term proje...

CIPS L4M4 LO1 What is sourcing? - correct answer Sourcing is the location, acquisition and management of all the vital inputs required for an organization to operate. What is tactical/operational sourcing? - correct answer Low-level decision making High profit, low risk items Short-term projects Transactional relationships What is strategic sourcing? - correct answer Top-level decision making High-profit, high-risk items Long-term projects Collaborative relationships What aspe...

CIPS L4M4 LO4|Understand ethical and responsible sourcing-Questions and Answers what are human rights? Correct Ans-rights or principles based on shared values that are accepted as belonging to every person, regardless of background

CIPS L4M4 LO1 exam solution |2024