Cips L4m1 - Question & Answer Past Exam Questions Latest 2023/2023

Functions included in an ERP system {Ans: -Supply chain management -manufacturing -human resources -project management -finance/accounting -customer relationship management}Centralised structure {Ans: The decision making process is undertaken at one central location}DAT {Ans: Delivered at Terminal}A procurement strategy might be based on {Ans: -Acheiving cost reductions -Adding value within the supply chain -Encouraging local supply -Environmental issues -Ethical improvements -Fair trade -Just in time implenmentation -Improved quality -Reducing the amount of suppliers -Acheive sustainable competitive advantage -Innovation}Disadvantages of a devolved procurement structure {Ans: -Prices may not be negotiated to the best value -Economies of scale not used -Supplier relationships not valued -Total cost of ownership may not be monitored -Detracts from core activities -Highter risk of fraud and embezzlement}The private sector {Ans: owned and funded by individuals or enterprises.}competitive dialogue {Ans: suppliers indicate their interest in bidding for a contract, then the successful ones are shortlisted. Potential suppliers are eliminated throughout a diague with the buyer based on pre-determined criteria and their suitability}Purposes of policy and procedure {Ans: -Ensure conformance -Ensure compliance -Protect from coercion, bribery or fraud -Organisational protection -Continuity of supply -Promote efficiency -Promote ethical behaviour -Provide references -Assist audit processes