CIPS L4M8 Q&A - in .pdf

  • Exam Code: L4M8
  • Exam Name: Procurement and Supply in Practice
  • Q & A: 198 Questions and Answers
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  • Exam Code: L4M8
  • Exam Name: Procurement and Supply in Practice
  • Q & A: 198 Questions and Answers
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CIPS L4M8 Exam Syllabus Topics:

SectionObjectives
Topic 1: Procurement and Supply Context- Role of procurement in organisations
  • 1. Stakeholder expectations and value delivery
    • 2. Organisational objectives and procurement contribution
      - External business environment
      • 1. Economic and regulatory influences
        • 2. Market conditions and supply markets
          Topic 2: Risk, Ethics and Sustainability- Procurement risk management
          • 1. Supply chain disruptions
            • 2. Risk identification and mitigation
              - Ethical and sustainable procurement
              • 1. Corporate social responsibility
                • 2. Sustainable sourcing practices
                  Topic 3: Supplier Relationships and Performance- Supplier relationship management
                  • 1. Communication and governance
                    • 2. Collaboration and partnership models
                      - Performance improvement
                      • 1. Continuous improvement approaches
                        • 2. KPIs and measurement systems
                          Topic 4: Procurement Technology and Innovation- Innovation in supply management
                          • 1. Automation and AI applications
                            • 2. Process optimisation
                              - Digital procurement tools
                              • 1. Data analytics in procurement
                                • 2. E-procurement systems
                                  Topic 5: Procurement Process and Sourcing- Sourcing strategies
                                  • 1. Make or buy decisions
                                    • 2. Outsourcing and insourcing approaches
                                      - Supplier selection and evaluation
                                      • 1. Pre-qualification and tendering
                                        • 2. Supplier appraisal techniques
                                          Topic 6: Contracting and Legal Principles- Contract formation
                                          • 1. Terms and conditions
                                            • 2. Key elements of contracts
                                              - Contract management
                                              • 1. Performance measurement
                                                • 2. Dispute resolution and remedies

                                                  CIPS Procurement and Supply in Practice Sample Questions:

                                                  1. What are the four quadrants within the Kraljic portfolio matrix?


                                                  2. What are the definition of a new buy and a modified re-buy?


                                                  3. What is PQQ and what does it include?


                                                  4. What matrix helps to define how to manage stakeholders?


                                                  5. Write down a list of assets that belong to an organization with which you are familiar.


                                                  Solutions:

                                                  Question # 1
                                                  Answer: Only visible for members
                                                  Question # 2
                                                  Answer: Only visible for members
                                                  Question # 3
                                                  Answer: Only visible for members
                                                  Question # 4
                                                  Answer: Only visible for members
                                                  Question # 5
                                                  Answer: Only visible for members

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