Kraljic Study guides, Class notes & Summaries

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, ...

CIPS Level 3 Module 1 Exam Questions With 100% Correct Answers What does STEEPLED stand for? (External factors - macro environment) - answerSociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? - answerLess than 10 How many employees does a small business have? - answerLess than 50 How many employees does a medium business have? - answer250 or fewer What are the support activities of porters value chain...

Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. A. True B. False - Answer B. False Which of the following is NOT an area in which successful supply managers need expertise? A. Technologies B. Customers C. Suppliers D. Processes E. Resources - Answer B. Customers When purchasing and supply management works well within an organization, the company acquires the best resources from arou...

3 types of purchase 1. New buy 2. Modified re-buy 3. Straight re-buy What does the Kraljic Matrix measure and what are the quadrants Impact a product has on profit and supply risk Non-critical, leverage, strategic, bottleneck List some benefits of outsourcing Lower operating costs Increased expertise Reduced risk Access to better technology

CIPS Level 3 Module 1 Exam Questions With 100% Correct Answers What does STEEPLED stand for? (External factors - macro environment) - answerSociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? - answerLess than 10 How many employees does a small business have? - answerLess than 50 How many employees does a medium business have? - answer250 or fewer What are the support activities of porters value chain...

CIPS L4M2 Exam Review Questions and answers, rated A+ Re-buy - -It is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place Modified Buy - -Review of existing contract requirements and making any necessary amendments such as to build additional benefits, streamline the business or to establish new KPIs/SLAs. Where some of the specification or requirements have changed. New Buy - -A new purchase outlines ...

The 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 strategic or leverae suppliers Indirect Costs These are cost...

CIPS LEVEL 3 MODULE 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ What does STEEPLED stand for? (External factors - macro environment) Correct Answer: Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? Correct Answer: Less than 10 How many employees does a small business have? Correct Answer: Less than 50 How many employees does a medium business have? Correct ...

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, ...

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...