CIPS L4M8 Exam

Name: CIPS L4M8 Exam
Brand: Pass4Success
SKU: L4M8
Price: 69.00 USD
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Certification Provider: CIPS

Exam Name: Procurement and Supply in Practice

Number of questions in our database: 104

Exam Version: Apr. 17, 2024

L4M8 Exam Official Topics:

Topic 1: Demonstrate the application of the procurement cycle/ Market analysis and testing
Topic 2: Supplier evaluation/ Tendering processes/ Supplier and stakeholder management/ Defining business need Demonstrate the application of the key stages of the sourcing process/ Creation of contract terms
Topic 3: Stages of the sourcing process/ Contract award/ Supplier selection/ Contract or supplier management
Topic 4: Demonstrate the application of whole life assetmanagement/ Ensure senior management support
Topic 5: Cross functional support ? ensure access to data/ Legal aspects ? waste management
Topic 6: Hidden costs ? global sourcing, risks associated with extended supply chain/ Removal or disposal processes
Topic 7: Include all costs ? purchase price through to disposal and end-of-life/ Only develop for larger purchases
Topic 8: Team working ? reduce data collection time/ Decommissioning
Topic 9: Demonstrate the application of ethical and responsible sourcing within an organisation/ Environmental factors
Topic 10: Expand reporting frameworks to include ecological and social performance/ Ethical codes of practice
Topic 11: Adopt sustainable practices, standards and specifications in the supply chain/ Application of the CIPS Code of Conduct
Topic 12: Consider the social impact of the organisation?s behaviours/ Bribery, Corruption, Fraud, Human rights, Modern slavery
Topic 13: Supporting information on ethical practices in supplier quotations and tenders/ Supplier monitoring and KPIs

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Free CIPS L4M8 Exam Actual Questions

The questions for L4M8 were last updated On Apr. 17, 2024

Question #1

What are the ILO and ETI?

AExplanation:
ILO stands for International Labour Organization- It is a United Nations agency whose mandate is to advance justice and promote decent work by setting international labor standard.
ETI is Ethical Trading Initiative: It is a leading alliance of companies, trade unions and NGOs that promote respect for workers right around the globe. Its vision is a world where all workers are free from exploitation and discrimination and enjoys condition of freedom, security and equity.

Reveal Solution

Correct Answer: A

Question #2

Research the ethical standard or accreditation of an industry with which you are familiar.

AExplanation:
If a supplier is accredited or is a member of an association that promotes good ethical conduct, a statement to this effect is likely to be featured on its company documentation. This could be in a form of letters after the organization name or the authorized use of logo.
Accreditation information should be verified by procurement professionals either asking organiza-tion for certification to prove membership or accreditation or checking on a professional register.
Below are associated bodies that form some industries.
1. ISO 14001 -- for quality management
2. CIPS -- for procurement and Supply
3. Red Tractor -- NGO Registered in the UK, promoting human right
4. Amnesty International -- human right
5. Carbon Trust -- For Carbon neutral status.
*
Refer to the question column for response

Reveal Solution

Correct Answer: A

Question #3

Research the ethical standard or accreditations of an industry with which you are familiar

Reveal Solution

Correct Answer: A

Question #4

Research the values and ethical code of practice of an organization with which you are familiar.

AExplanation:
Fullpower projects is a training firm that trains on project management and procurement. It has the following values and ethical code of practice
1) Accountability
2) selflessness
3) openness
4) integrity
5) objectives
6) Honesty
7) Leadership

Reveal Solution

Correct Answer: A

Question #5

What is a cross function team?

AExplanation:
A cross-function Team is the involvement of all departments that are in an organization to contribute knowledge, skills and innovation towards adding value to achieving the organization's strategic goal. Example, procurement, maintenance, marketing, finance, human resources working together in procurement activity to come up with the best strategy or selecting the supplier that best suit the organization.
When working in a cross-functional team, members of the organization give support by believing in the end goal, assist during difficult time, help troubleshoot any issue, providing the required resources and sharing information

Reveal Solution

Correct Answer: A

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