CIPS L4M2 - Defining Business Needs
Which of the following standards specifies requirements for a quality management system?
When analyzing direct and indirect costs of potential suppliers for negotiations and planning pur-chasing budget, the procurement manager collects reports from specialist organisations like Mintel, Gartner and Forrester. Which kind of information source is used by the procurement manager?
Ymira is asked to develop the specification for water purifier which will be used at the company headquarter. She believes that the specification can be drafted based on the information available on the Internet, such as blog posts, comparison websites, how-to websites, life hacks, etc. Which of the following traits will make the information more useful?
Which of the following statements describes a correct example of an indirect cost?
XYZ Ltd is the largest consumer of brass in the country. It consumes 48% of all brass manufactured, while the second-largest consumes less than 10% of brass manufactured. Which force or power does XYZ Ltd possess?
A "modified re-buy" means ...
Which of the following factors would mean a buyer had high bargaining power in a competitive market? Select TWO that apply.
Procurement provides the following information to a business case ...
A market has a considerable number of buyers and suppliers. Analysis of the market reveals that loyalty from buyers is relatively low and switching to alternative providers is commonplace. Which of the following market characteristics is supporting this type of buyer behaviour?
Why should procurement professionals develop business case before seeking approval to purchase capital equipment?