CIPS L4M4 Ethical & Responsible Sourcing –
Questions & Answers | Study Guide
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Practice questions for this set
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Specific
Measurable
Achievable
Relevant
Time bound
Choose an answer
1 SMART KPIs 2 What are the two types of sourcing?
3 Two main advantages of TUPE regs 4 Benefits of buy decision?
Don't know?
Terms in this set (30)
What are the two types of sourcing? Tactical/Operational & Strategic
What is tactical sourcing? Low level sourcing for low risk or routine items
, What is strategic sourcing? High level sourcing for core products or services
Benefits of make decision? Strategy of organisation is to be self sufficient
Enhanced control over processes
Improved quality control
Workforce remains stable
Continuity of supply
No suitable suppliers to buy from
Economies of scale available
Reduced risk
Easier to amend volumes/specs
Benefits of buy decision? Specialised knowledge available
Technological advancements available
Small volumes are not cost effective to make
Cheaper to buy in than make
Economies of scale available
No capacity in house
Less inventory
Reduced overheads
Four categories of the Kraljic Matrix Non-critical
Leverage
Strategic
Bottleneck
Should core functions be outsourced? No, they should remain in house
Which functions are frequently IT
outsourced? Catering
Cleaning
Marketing
Social Media
HR
Accountancy
Payroll
Questions & Answers | Study Guide
Save
Practice questions for this set
Learn 1 /7 Study using Learn
Specific
Measurable
Achievable
Relevant
Time bound
Choose an answer
1 SMART KPIs 2 What are the two types of sourcing?
3 Two main advantages of TUPE regs 4 Benefits of buy decision?
Don't know?
Terms in this set (30)
What are the two types of sourcing? Tactical/Operational & Strategic
What is tactical sourcing? Low level sourcing for low risk or routine items
, What is strategic sourcing? High level sourcing for core products or services
Benefits of make decision? Strategy of organisation is to be self sufficient
Enhanced control over processes
Improved quality control
Workforce remains stable
Continuity of supply
No suitable suppliers to buy from
Economies of scale available
Reduced risk
Easier to amend volumes/specs
Benefits of buy decision? Specialised knowledge available
Technological advancements available
Small volumes are not cost effective to make
Cheaper to buy in than make
Economies of scale available
No capacity in house
Less inventory
Reduced overheads
Four categories of the Kraljic Matrix Non-critical
Leverage
Strategic
Bottleneck
Should core functions be outsourced? No, they should remain in house
Which functions are frequently IT
outsourced? Catering
Cleaning
Marketing
Social Media
HR
Accountancy
Payroll
