Cips Level 4 Module 1 |215 Questions And Answers(A+ Solution Guide)

SCM {Ans: Supply chain management and procurement are not the same thing, although they are inter-related Without procurement, there would be no supply chain 1. Procurement as part of supply chain management 2. Procurement is about procuring products and servicing as a response to a need, while a supply chain is the infrastructure involved in physically getting the products or services needed. Procurement includes the following 3. Preparing specifications 4. Monitoring quality 5. Sourcing 6. Buying 7. Stock control 8. Disposal of waste}Lead Buyer Structures {Ans: when one organisational department takes the responsibility for the purchasing of a specific product of service, such as ICT or stationery}Within rocurement accountability relates to {Ans: 1. Conforming to the CIPS code of ethics 2. Compliance with any ethical policies 3. Conducting supplier appraisals fairly and transparently 4. Awarding contracts to the most suitable and cost effective supplier 5. Managing spend to keep within budget constraints 6. Ensuring specifications are representative of the need 7. Addressing or reporting on potential areas of concern}Added Value in Sourcing Process {Ans: Pick each stage of the process and look at how to add value in each section}Outsourced {Ans: when some of an