Kraljic Study guides, Class notes & Summaries

Name the 13 stages of the procurement cycle - Answer-1. Understand the need. 2. Market Commodity options. 3. Develop Stratgey/ Plan. 4. Pre-procurement / market test. 5. Develop required documentation. 6. Supplier Selection. 7. Issue invitation to tender. 8. Bid / tender evaluation. 9. Contract Award. 10. Warehouse logistics & receipt. 11. Contract performance review and continuous improvement. 12. Supplier relationships / contract management. 13. Asset management / end of life. Por...

CIPS Level 3 Module 1 Questions With Correct Answers. What does STEEPLED stand for? (External factors - macro environment) Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? Less than 10 How many employees does a small business have? Less than 50 How many employees does a medium business have? 250 or fewer What are the support activities of porters value chain model? Firm infrastructure, human re...

What does STEEPLED stand for? (External factors - macro environment) - Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? - Less than 10 How many employees does a small business have? - Less than 50 How many employees does a medium business have? - 250 or fewer What are the support activities of porters value chain model? - Firm infrastructure, human resource management, technology development and proc...

CIPS Level 4 Module 1 |215 Questions and Answers(A+ Solution guide) The Purchasing process Definition of Procurement & Supply Direct Costs Indirect Costs Kraljic Matrix CAPEX is OPEX CAPEX Name the 13 stages of the procurement cycle Scope of Procurement Porters Value Chain Action points for CAPEX purchasing 5 rights of procurement Right Quality Right Quantity Right Place Right Time Right Price Life Cycle cost (LLC) Total Cost of Ownership (TCO) TCO Acquisition costs TCO Ope...

CIPS Level 4 Module 1 questions and answers 2023The Purchasing process 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs These are costs which can be identified directly with the production of a good or service; e.g. raw materials. Usually st...

CIPS LEVEL 4 MODULE 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ The Purchasing process Correct Answer: 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply Correct Answer: recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs Correct Answer: These are costs which can b...

The Purchasing process1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supplyrecognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct CostsThese are costs which can be identified directly with the production of a good or service; e.g. raw materials. Usually strategic or leverae suppliers Indirect CostsThese are costs whic...

CIPS Level 4 Module 1 Solved 100% Correct!!

MSC 611 Exam 1 All Answers Correct 73% more profitable ️Only 7% of companies today are effectively managing their supply chain. However, these companies are ... than other manufacturers." demand, sales ️The goal of forecasting is to predict ____, yet our data is often in terms of ____. forecast bias ️when a procedure consistently products forecasts that are higher or lower than actual demand 6 rules for effective forecasting (Saffo 2007) ️define a cone of uncertainty, look f...

NCMA CPCM Vocabulary - Contract Management Body of Knowledge (CMBOK) Exam 2024 Acceptance criteria -Answer-Those criteria, usually stated in a contract and/or SOW that includes deliverables, performance requirements and essential conditions, which must be met to complete project deliverables and be accepted Agile -Answer-A project management methodology utilizing short-term sprints to react to changing scope requirements Baseline -Answer-The original plan (for a project, a work package, ...