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CIPS L4M8 Exam Questions

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: Jul. 01, 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
Disscuss CIPS L4M8 Topics, Questions or Ask Anything Related

Linette

13 days 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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Edison

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

3 months ago
Just passed the CIPS Procurement and Supply exam! Thanks to Pass4Success for the spot-on practice questions. Saved me so much time!
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Free CIPS L4M8 Exam Actual Questions

Note: Premium Questions for L4M8 were last updated On Jul. 01, 2024 (see below)

Question #1

What is the method of monitoring suppliers?

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Correct Answer: A

Question #2

Explain the concept of the 3Ps/TBL and how it can be used by an organization.

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Correct Answer: A

Question #3

What is a cross function team?

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Correct Answer: A

Question #4

What are the ILO and ETI?

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Correct Answer: A

Question #5

Explain the concept of the 3Ps/TBL and how it can be used by an organization.

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Correct Answer: A


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