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CIPS Level 4 Diploma in Procurement and Supply Defining Business Needs

Defining Business Needs

Last Update Mar 28, 2024
Total Questions : 144

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Questions 4

Warwickshire Ambulance Service (WAS) is an NHS Trust. It operates throughout Warwickshire and the neighbouring areas. It has three core areas of activity, namely the provision of Emergency Ambulance Services, routine Patient Transport Services, and Logistic Medical Services. The agency is working towards higher service level through benchmarking. Which of the following is the benefit of benchmarking to WAS?

Options:

A.  

Benchmarking is a panacea for all WAS's problems

B.  

It will help WAS create performance standards derived from an analysis of the best in business

C.  

It helps WAS identify better ways to deliver service through a cookbook process

D.  

It will help WAS analyse the competitors in the industry

Discussion 0
Questions 5

Which of the following are the causes of material cost variance?

1. The buyer updates purchase-to-pay system to track payment and delivery

2. An unprocessed goods received note is missing

3. The employees must work overtime to catch up with the customers' orders

4. The purchase is made in emergency

Options:

A.  

2 and 4 only

B.  

1 and 4 only

C.  

1 and 3 only

D.  

2 and 3 only

Discussion 0
Questions 6

Aldar Properties is a property developer in UAE. In last month, it spent $2,160 for 10 tons of steel. In this month, it had planned 10% increment in budget for steel comparing to last month. But the number of orders boosted and total spend on steel reached $1,992.1 while Aldar has imported 11 tons. What is the main cost driver of steel budget?

Options:

A.  

Both price and quantity variances

B.  

Inflation

C.  

Quantity variance

D.  

Price variance

Discussion 0
Questions 7

Due to the growth of consumer electronics market, semiconductor industry develops exponentially. However, the industry is dominated by a dozens of manufacturer. Chipset need to be built in factories with highly controlled environments. New chip factories cost billions of dollars and can take two years to build. Right now, factories are running at full capacity, which produce almost perfect yields, meaning basic chipset can be made for less than a dollar and more advanced versions for not much more. What are the barriers to new entrants in the semiconductor industry?

1. Poor industry growth

2. High set-up costs

3. Economies of scale

4. Low switching costs

Options:

A.  

2 and 4 only

B.  

3 and 4 only

C.  

2 and 3 only

D.  

1 and 4 only

Discussion 0
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