CIPS M4L8 (Procurement and Supply) STUDY GUIDE RATED A.
1. Stage 13: Assest management/end of life
2. Anti-bribery procedures
3. Busisness case
for whole life asset management
4. Procurement Cycle
The procurement professional should evaluate whether
the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different
stage as the need is already known and understood. If the
need is not required the buyer should manage the end of
life by reducing stock levels and informing the supplier
-Proportionate procedures: should be in line with the ype
of bribery risk and scale that is likely to be faced
-Top level commitment: High level execs should set an
example and issue statements, updates and feedback on
the procedures and expectations
-Risk assessment: Regular and documented risk assessment of the likelihood and impact of bribery
-Due diligence: Documented procedures should cover
and be enforced by all of the organisation within the
supply chain
-Communication: Ongoing training and updates should
be provided to keep the organisation and its workforce
aware of current developments
-Monitoring and reviewing: Methods should be implemented to review compliance with the policies and procedures
-Introduction
-Objective
-Approach
-Resources
-Benefits
the cyclical process of key steps when procuring goods or
services.