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CIPS Exam L4M2 Topic 2 Question 34 Discussion
Topic #: 2
Which of the following activities would apply to a straight rebuy procurement?
Reviewing existing specifications and arrangements
Engaging in extensive purchasing research
Engaging in proactive value engineering
Optimising inventory replenishment methods
In the scenario, ABC Ltd has the following characteristics:
- Large investment in facilities and machinery
- Access to skilled workforce
- Mass production.
This company is a manufacturer. Manufacturing is an industry that makes products from raw ma-terials by the use of manual labour or machinery and that is usually carried out systematically with a division of labour.
Manufacturing requires investment in machinery and access to a suitably skilled workforce as well as materials and components.
- CIPS study guide page 74-76
- manufacturing | Definition, Types, & Facts | Britannica
LO 2, AC 2.1
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