Master CIPS L3M4 Exam with Reliable Practice Questions
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Which two of the following actions are most likely to be carried out by the buying organisation?
Correct : A, B
Specifying the need and checking the invoice would come from the buyer's side.
The other two options would be carried out by the seller.
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Which of the following departments would be both internal customers and internal suppliers of an organisational procurement function? Select all that apply.
Correct : A, B, C, D
All options apply.
All of the named departments will both take and provide services from / to the procurement func-tion.
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'Doing things for less cost' is a description of:
Correct : C
Economy.
A clear description given.
The other possible answers shown may be the subject of other QUESTION NO :s in this and other L3 tests.
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Within the overall philosophy of just-in-time production, a signalling system to indicate when the next stage of the production process needs output from the previous stage, is called:
Correct : C
A kanban system pulls product through the production process from the previous stage.
Kaizen means continuous improvement; heijunka is related to production scheduling and levelling; Lankan is a place in Sri Lanka, and elsewhere - it is unrelated to this course.
Kaizen, kanban and heijunka can be related to the notion of the implementation of change and im-provement.
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'Using resources to a more productive effect, either by producing more output with the same re-source, or using less resource to obtain the same output'. This is a description of:
Correct : A
Efficiency.
This is a clear explanation of what is meant by 'efficiency'.
Economy and effectiveness are addressed by other QUESTION NO :s in this L3 series of tests including in this subject.
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