This class was created by Brainscape user Scott Saunders. Visit their profile to learn more about the creator.

Decks in this class (23)

L4M2- Chapter 1- Developing the business case
Define new purchase modified rebu...,
A way to identify the business ne...,
What is a sourcing strategy
66  cards
L4M2- Chapter 2- Understand market management
An industry is formed to service ...,
What is a market,
What are the 6 industrial sectors
28  cards
L4M2- Chapter 3- Use of Specifications
What is the purpose of a specific...,
What are the factors to consider ...,
What is a brd
49  cards
L4M7- Chapter 1- Methods of storage and movement of inventory
What is the definition of stock d...,
What is reverse logistics,
What is the difference between a ...
43  cards
L4M7- Chapter 2- Understand the key elements of effective inventory control
What is the difference between op...,
What is cycle counting,
What is the difference between su...
69  cards
L4M7- Chapter 3- Understanding the concept of whole life costing
What is a fixed asset,
What is the purchase price,
What is the difference between fi...
45  cards
L4M4- Chapter 1- Options for sourcing requirements
What is sourcing,
What is the difference between ta...,
Sourcing aims to achieve the best...
88  cards
L4M4- Chapter 2- Processes for supplier analysis
How can a procurement professiona...,
What is the cips relationship spe...,
What is an index
42  cards
L4M4- Chapter 3- Compliance with sourcing
What are the key areas of regulat...,
What is the bsi,
What difference does being in the...
85  cards
L4M6- Chapter 1- Relationships in supply chains
When would you want to create som...,
What are the disadvantages to cre...,
Why might an organisation not be ...
70  cards
L4M6- Chapter 2- Processes for working with stakeholders
What are the 4 es of value of money,
What typical factors define value...,
What are the different types of s...
85  cards
L4M6- Chapter 3- Concept of partnering
What is a partnership relationship,
Why is a partnership relationship...,
What are the 3 types of partnersh...
48  cards
L4M3- Chapter 1- Understanding the legal issues
What is a schedule,
What is an annex,
What is an apendix
113  cards
L4M3- Chapter 2- Fundamentals of specifications
What are the 5 rights,
What are different types of marke...,
What is different about market di...
40  cards
L4M3- Chapter 3- Key clauses in formal contracts
What is an implied term,
What is an express term,
What is a contract term
92  cards
L4M5- Chapter 1- Approaches in negotiation
Why is negotiation in the public ...,
What are the stages of the cips p...,
How would negotiations arise with...
70  cards
L4M5- Chapter 2- Preparing for negotiation
What are direct and indirect costs,
What is a fixed and variable cost,
What is a firm cost
61  cards
L4M5- Chapter 3- How negotiations should be undertaken
There are multiple ways you can d...,
What is conditioning,
What is anchoring
33  cards
L4M8- LO1- Procurement cycle
What are the 13 stages of the pro...,
What is a tangible intangible dir...,
How can needs be communicated
27  cards
L4M8- LO2- Application of the procurement process
What is a requisition,
What are the 4 types of raising a...,
What is an mrp system and what ar...
100  cards
L4M8- LO3- Application of WLAM
What are fixed assets,
What are the benefits of wlam,
What are the stages of whole life...
42  cards
L4M8- LO4- Application of ESG principles
What is due dilligence,
What is esg,
What are the key esg considerations
69  cards
L4M8- Procurement Cycle Detail
Give the key areas of stage 1 of ...,
Give the key areas of stage 2 of ...,
Give the key areas of stage 3 of ...
13  cards

More about
L4

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Scott Saunders's L4 flashcards now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

CIPS L4M2
  • 6 decks
  • 281 flashcards
  • 369 learners
Decks: M2 Paper 1 Quick Revision, L4m2 Chapter 3, L4m2 Chapter 1, And more!
CIPS L4M2 - Defining Business Need
  • 12 decks
  • 1103 flashcards
  • 11 learners
Decks: Glossary Definitions, Chapter 11, Chapter 12, And more!
CIPS L4M2
  • 3 decks
  • 80 flashcards
  • 54 learners
Decks: Chapter 1, Chapter 2, Chapter 3, And more!
L4M2 Defining Business Needs (New Sylb)
  • 3 decks
  • 51 flashcards
  • 658 learners
Decks: Cips L4m2 Chapter 1 11, Cips L4m2 Chapter 1 12, Cips L4m2 Chapter 1 13, And more!
Make Flashcards