CIPS L4M8 Exam Questions

Name: CIPS L4M8 Exam
Brand: Pass4Success
SKU: L4M8
Price: 69.00 USD
Availability: InStock
Rating: 5.0 (121 reviews)

Exam Name: Procurement and Supply in Practice

Exam Code: L4M8

Related Certification(s): CIPS Level 4 Diploma in Procurement and Supply Certification

Certification Provider: CIPS

Number of L4M8 practice questions in our database: 104 (updated: Oct. 07, 2024)

Expected L4M8 Exam Topics, as suggested by CIPS :

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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Phil

5 days ago

I passed the CIPS Procurement and Supply in Practice exam, thanks in part to the Pass4Success practice questions. One challenging question was about whole life asset management, specifically how to calculate the total cost of ownership for a new asset. Even though I was unsure, I managed to get through the exam.

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Laquita

14 days ago

Whew, that CIPS exam was tough! Glad I used Pass4Success to prepare. Their questions were a lifesaver.

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Alline

18 days ago

Heads up! There were several questions on contract management. Make sure you understand the key stages of the contract lifecycle and common contract terms.

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Madonna

19 days ago

Having just cleared the CIPS exam, I can confidently say that the practice questions from Pass4Success played a crucial role. There was a tricky question on ethical and responsible sourcing, asking about the best practices for ensuring supplier compliance with ethical standards. I wasn't entirely sure of my answer, but I still passed.

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Genevieve

1 months ago

Just passed the CIPS Certified: Procurement and Supply in Practice exam! The questions on supplier relationship management were tricky. Be prepared to analyze case studies on collaborative partnerships.

upvoted 0 times

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Raymon

1 months ago

I recently passed the CIPS Procurement and Supply in Practice exam, and I must say that the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the key stages of the sourcing process, specifically how to effectively conduct a supplier appraisal. Despite my uncertainty, I managed to pass the exam.

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Jovita

1 months ago

Just passed the CIPS Procurement and Supply exam! Thanks Pass4Success for the spot-on practice questions.

upvoted 0 times

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Melinda

2 months ago

With the assistance of Pass4Success practice questions, I was able to pass the CIPS Procurement and Supply in Practice exam. The exam covered topics such as the procurement cycle, supplier management, and tendering processes. One question that I found challenging was about market analysis and how to conduct thorough testing to ensure the best supplier selection for a specific business need.

upvoted 0 times

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Isreal

3 months ago

My exam experience was successful as I passed the CIPS Procurement and Supply in Practice exam. The topics included in the exam were market analysis, supplier evaluation, and creation of contract terms. One question that I remember was about the key stages of the sourcing process and how to effectively manage supplier relationships throughout the procurement cycle.

upvoted 0 times

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Keneth

3 months ago

Aced the CIPS Procurement exam! Pass4Success's resources were invaluable. Thanks for making my study time so efficient!

upvoted 0 times

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Linette

4 months ago

I passed the CIPS Procurement and Supply in Practice exam with the help of Pass4Success practice questions. The exam covered topics such as supplier evaluation, tendering processes, and defining business needs. One question that stood out to me was related to supplier management and how to effectively communicate with stakeholders to ensure successful procurement outcomes.

upvoted 0 times

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Audry

4 months ago

CIPS certified! Pass4Success's exam questions were incredibly similar to the real thing. Great resource for last-minute prep!

upvoted 0 times

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Fabiola

4 months ago

Thrilled to have passed the CIPS exam! Pass4Success's practice questions were a lifesaver. Highly recommend for quick prep!

upvoted 0 times

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Edison

5 months ago

CIPS exam success! Pass4Success really came through with relevant materials. Couldn't have done it without their help.

upvoted 0 times

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Catrice

7 months ago

Just passed the CIPS Procurement and Supply exam! Thanks to Pass4Success for the spot-on practice questions. Saved me so much time!

upvoted 0 times

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Free CIPS L4M8 Exam Actual Questions

Note: Premium Questions for L4M8 were last updated On Oct. 07, 2024 (see below)

Question #1

Why is it important to keep ethical codes of practice up to date?

AExplanation:
A code of ethics is a set of morals and principle set out by an organization to state what it deems to be acceptable conduct and behavior
An ethical code of practice is a continually changing and developing document with society changing and different suppliers coming to market, the document has to remain current
Suppliers should continually monitor their codes of ethics to ensure that;
1. They are looking after the interest of the supply chain
2. That potential customers can be reassured that they are conforming to the required regulation, e.g. ISO 14001.
Ethical code of conduct should be constantly monitored and updated in accordance with the changes organization faces. This include 1) Define (2) prevent (3) detect (4) reprove (5) evaluate.
*
Refer to the question column for response

Reveal Solution

Correct Answer: A

Question #2

Why is it important to keep ethical codes of practice up to date?

Reveal Solution

Correct Answer: A

Question #3

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 #4

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

Reveal Solution

Correct Answer: A

Question #5

Explain why it is deemed better to use Sea freight rather than air.

AExplanation:
It would be rare to find a supplier who does not emit any form of pollution. However, part of ethical and responsible sourcing is to make effort to reduce impact of population on the planets. Pollution can be factory emission, Noise, smell, Transportation De-velopment, waste disposal. Transportation is a major cause of pollution. The carbon dioxide emitted from vehicles contributes greatly to air contamination. Yet it is better to use sea freight rather than air because it has a smaller impact on the environment.

Reveal Solution

Correct Answer: A

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