L4m1 lo1 - Study guides, Class notes & Summaries
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CIPs L4M1 LO1 Exam Questions and Answers (Graded A)
- Exam (elaborations) • 22 pages • 2024
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vCIPs L4M1 LO1 Exam Questions and Answers (Graded A)CIPs L4M1 LO1 Exam Questions and Answers (Graded A)CIPs L4M1 LO1 Exam Questions and Answers (Graded A)CIPs L4M1 LO1 Exam Questions and Answers (Graded A) 
Procurement - ANSWER-Involves obtaining something either tangible (goods) or intangible (services). The process begins by identifying a need and is complete once that need is delivered. It is a strategic function. 
 
tangible - ANSWER-capable of being touched; real, concrete 
 
intangible - A...
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CIPs L4M1 LO1 Questions with All Correct Answers 100% Verified
- Exam (elaborations) • 22 pages • 2024
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CIPs L4M1 LO1 Questions with All Correct Answers 100% VerifiedCIPs L4M1 LO1 Questions with All Correct Answers 100% VerifiedCIPs L4M1 LO1 Questions with All Correct Answers 100% VerifiedCIPs L4M1 LO1 Questions with All Correct Answers 100% VerifiedCIPs L4M1 LO1 Questions with All Correct Answers 100% Verified 
Procurement - ANSWER-Involves obtaining something either tangible (goods) or intangible (services). The process begins by identifying a need and is complete once that need is delivered. It...
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CIPs L4M1 LO1- Questions and Answers
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CIPs L4M1 LO1- Questions and Answers 
Supply Chain Network Correct Ans-Evolution of basic supply chain to include all other 
parties involved in the entire supply process rather than just one element. A two-way 
exchange of information. A one-way flow of good
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CIPs L4M1 LO1(2024 latest update)CORRECT 100%
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Procurement - ANSWER Involves obtaining something either tangible (goods) or intangible (services). The process begins by identifying a need and is complete once that need is delivered. It is a strategic function. 
 
tangible - ANSWER capable of being touched; real, concrete 
 
intangible - ANSWER unable to be touched or grasped; not having physical presence 
 
Procurement elements - ANSWER 1. Added Value 
2. Cost
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L4M1 LO1|| 45 QUESTIONS|| CORRECT ANSWERS|| VERIFIED
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definition of procurement - ANSWER procurement is a strategic function of the business that includes, added value, cost, inventory, Logistics, purchasing,ordering, quality and supply /delivery 
 
Kraljic Matrix - ANSWER A tool for portfolio analysis: a four-box matrix that reflects the segmentation of spend based on an assessment of the value of the spend relative to the market risk to acquire 
 
organisational costs - fixed - ANSWER Do not change the output of an organisation ie salaries, Insur...
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CIPs L4M1 LO1
- Exam (elaborations) • 8 pages • 2024
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Procurement - answer-Involves obtaining something either tangible (goods) or intangible (services). The process begins by identifying a need and is complete once that need is delivered. It is a strategic function. 
 
tangible - answer-capable of being touched; real, concrete 
 
intangible - answer-unable to be touched or grasped; not having physical presence 
 
Procurement elements - answer-1. Added Value 
2. Cost 
3. Inventory 
4. Logistics 
5. Purchasing 
6. Quality 
7. Supply 
8. Waste Manage...
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CIPs L4M1 LO1 WITH ANSWERS GRADED A+
- Exam (elaborations) • 7 pages • 2024
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CIPs L4M1 LO1 WITH ANSWERS GRADED A+
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