CIMA Updated E1 Exam Questions and Answers by alaya

Purchasing managers are involved in strategy development.

Competitive strategies rely on the effectiveness of organisational purchasing.

Suppliers are viewed as vital partners.

Supply is obtained at the best price once requested by departments.

Timely information about product prices and availability can be obtained through organisational systems.

Efficiency is at least equal to other organisational operations such as payroll and invoicing.

Understanding the concept of seeing beyond the individual elements of digital change

Thinking shaped by the process of collecting organisation and analysing a large set of data to discover patterns.

Understanding the process of harvesting data from source databases and locations

Interpreting data that is analysed digitally to understand its content, formats, and structure

Total purchases per year

Total ordering cost per order

Total inventory cost per year

The reorder quantity