L4m4 Study guides, Class notes & Summaries
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L4M4 - Chapter 1 Questions and Answers Graded A+
- Exam (elaborations) • 25 pages • 2024
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L4M4 - Chapter 1 Questions and 
 
Answers Graded A+ 
 
What is Tactical 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 factors typically represent value to the procurement organisation when sourcing? Price, 
Delivery, Quality, Ethics, Sustainability, Availability 
 
Novack and Simco's 1...
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CIPS L4M4 LO1 QUESTIONS AND ANSWERS 100% PASS
- Exam (elaborations) • 23 pages • 2024
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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 LO1 questions with 100% correct answers rated A+
- Exam (elaborations) • 14 pages • 2024
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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...
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L4M4 - Chapter 2 Questions and Answers 100% Pass
- Exam (elaborations) • 18 pages • 2024
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L4M4 - Chapter 2 Questions and Answers 100% Pass 
How does the Pareto Principle differ to the ABC Analysis? - Correct Answer ️️ -Instead 
of the Pareto 80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. 
They are categorised according to their levels of importance/spend to the buying 
organisation. 
Figure 2.1 : 
'A' suppliers represent 20% of the total spend (these suppliers are responsible for the 
highest level of spend, most important). 
'B' supp...
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CIPS L4M4 - RESPONSIBLE AND ETHICAL SOURCING EXAM QUESTIONS & ANSWERS 2024/25
- Exam (elaborations) • 16 pages • 2024
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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? - ...
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CIPS L4M4 LO1 questions with answers graded A+ 2024
- Exam (elaborations) • 14 pages • 2024
- Available in package deal
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- $17.99
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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...
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L4M4 - Chapter 1 exam 2024 with 100% correct answers
- Exam (elaborations) • 15 pages • 2024
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What is Tactical 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 factors typically represent value to the procurement organisation when sourcing? - correct answer Price, Delivery, Quality, Ethics, Sustainability, Availability 
 
Novack and Simco's 11-sta...
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L4M4 - Chapter 2 Exam Questions And Answers
- Exam (elaborations) • 10 pages • 2024
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L4M4 - Chapter 2 Exam Questions And Answers 
 
How does the Pareto Principle differ to the ABC Analysis? - ANS Instead of the Pareto 80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. They are categorized according to their levels of importance/spend to the buying organization. 
 
Figure 2.1 : 
'A' suppliers represent 20% of the total spend (these suppliers are responsible for the highest level of spend, most important). 
'B' suppliers are collecti...
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CIPS L4M4 LO1 exam solution |2024
- Exam (elaborations) • 12 pages • 2024
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CIPS L4M4 LO1 exam solution |2024
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L4M4 - Chapter 1 exam solution
- Exam (elaborations) • 14 pages • 2024
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- $25.49
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L4M4 - Chapter 1.
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