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CIPS L4M1 - Scope & Influence of Procurement & Supply > 2.1 - Explain each stage of the CIPS Procurement Cycle > Flashcards

2.1 - Explain each stage of the CIPS Procurement Cycle Flashcards

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CIPS L4M1 - Scope & Influence of Procurement & Supply (17 decks)

Glossary/Definitions

1.1 - Compare the concepts of procurement & supply chain management

1.2 - Analyse the different sources of added value in procurement & supply

1.3 - Describe the categories of spend that an organisation may purchase

1.4 - Differentiate the stakeholders of procurement & supply chain functions

2.1 - Explain each stage of the CIPS Procurement Cycle

2.2 - Analyse each stage of the CIPS Procurement Cycle in relation to adding value

2.3 - Explain how electronic systems can be used at different stages of the CIPS Procurement Cycle

2.4 - Analyse the relationship between policy and process compliance and required outcomes

3.1 - Explain aspects of corporate governance impacting the procurement or supply chain function

3.2 - Analyse the impact of organisational policies and procedures on procurement & supply

3.3 - Examine the different structures of a procurement or supply chain function

3.4 - Explain the common IT systems that can be used by a procurement or supply chain function

4.1 - Classify different economic and industrial sectors

4.2 - Analyse the impact of the public sector on procurement & supply chain activities

4.3 - Examine the impact of the private sector on procurement & supply chain activities

4.4 - Examine the impact of the not-for-profit or third sector on procurement or supply chain activities

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