L4M8 Exam Dumps | What does the acronym SMART stand for?

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Procurement and Supply in Practice
CIPS.L4M8.v2022-12-17.q35
Question 33

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Question 33/35

What does the acronym SMART stand for?

Correct Answer:

When the procurement professional is setting key performance indicator (KPI) where which the supplier performance will be monitored and managed. The KPI is expected to be SMART. SMART is an acronym that is used to set KPI and specification.
S - specific ,
M - measurable,
A - achievable,
R - relevant, and
T - timebound.

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