CIPS Exam L4M8 Topic 8 Question 27 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 27
Topic #: 8

[All L4M8 Questions]

Which four procurement cycle stages happen after the award of the contract?

AExplanation:
The procurement cycle is the heart of purchasing, sourcing and supplying and should be followed in day-to-day practice in the industry. The procurement cycle has thirteen stages. Contract award is stage 9, and the stages after the contract award are;
Stage 10: ware house, logistic and receipt
Stage 11: Contract performance review and continuous improvement
Stage 12: SRM/SCM and contract management
Stage 13: Asset management, lessons learned, end of life.

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Suggested Answer: A

by Raymon at Jan 28, 2024, 09:53 AM

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Brunilda

2 days ago

Stage 13 for asset management and lessons learned is also important for future projects.

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Pa

6 days ago

I agree, especially stage 11 for contract performance review and continuous improvement.

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Curt

13 days ago

I think the stages after the award of the contract are crucial for successful procurement.

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