CIPS L3M2 - Ethical Procurement and Supply
‘Value engineering is a structured approach to increasing the value obtained from a product by of-fering the same level of XXXXX at a lower cost’.
What is XXXXX?
Which ISO standard describes quality as ‘the degree to which a set of inherent characteristics fulfils requirements’?
Thinking of Carter’s 10 C’s, the ‘c’ for Commitment refers to:
Regarding quality management, how many Sigma?
You have recently moved into the procurement department at your company, having earlier worked in the finance area in the same company for five years. You have decided to set up home with your partner, and you will need additional money to buy furniture, furnishings, etc. Afriend has offered you extra part-time work at weekends, helping serve meals in their small family restaurant. Do you:
‘A high degree of skill or expertise’
The time between recognition / origin of the need; through to usage or consumption is described as:
OTIF stands for:
‘I’m not really well up on ethics within organisations, especially within procurement. Where can I find some really good quality up-to-date information about ethics?’ Choose one.
Value can be added through XXXX reduction or by making a process more efficient or more effective'
