L4M8최신업데이트버전시험자료최신버전시험기출문제

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CIPS L4M8 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Ethics, Responsibility & Compliance25%- Ethical and responsible sourcing application
  • 1. Regulatory compliance and ethical governance
    • 2. Sustainability and ESG integration
      • 3. Anti-bribery, corruption and human rights protection
        • 4. CIPS Code of Conduct and professional standards
          Topic 2: Whole Life Asset & Cost Management25%- Total cost of ownership concept
          • 1. Legal, environmental and waste management obligations
            • 2. Hidden costs and supply chain risks
              • 3. Cross-functional collaboration and data use
                • 4. Purchase, operation, maintenance and disposal costs
                  Topic 3: Application of Procurement Cycle25%- Key stages of procurement cycle in practice
                  • 1. Tendering and selection processes
                    • 2. Contract formation and management
                      • 3. Defining business needs and requirements
                        • 4. Market analysis and supplier research
                          Topic 4: Sourcing Process & Supplier Management25%- Stages of strategic sourcing
                          • 1. Supplier performance monitoring and development
                            • 2. Creation of contract terms and specifications
                              • 3. Supplier evaluation, selection and award
                                • 4. Stakeholder engagement and communication

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                                  L4M8인증덤프 샘플 다운로드 - L4M8최고품질 덤프샘플문제

                                  CIPS L4M8인증시험은 전업적지식이 강한 인증입니다. IT업계에서 일자리를 찾고 계시다면 많은 회사에서는CIPS L4M8있는지 없는지에 알고 싶어합니다. 만약CIPS L4M8자격증이 있으시다면 여러분은 당연히 경쟁력향상입니다.

                                  최신 CIPS Level 4 Diploma in Procurement and Supply L4M8 무료샘플문제 (Q29-Q34):

                                  질문 # 29
                                  Explain why you think quality should be investigated before working with potential supplier?

                                  정답:

                                  설명:
                                  Quality is fitness for purpose. It is important that quality is investigated by procurement professionals before forming relationship with potential supplies.
                                  If quality is not investigated before selecting supplier the organization might stand the risk of facing the following disadvantages; Reputational Damages Cost of Rework Cost of Downtime Cost of Material Cost of being stocked with the wrong supplier Cost of being stocked in a project that may not come to an end at the forecasted time.
                                  How buyer can choose a supplier with a good quality culture is first by defining the quality of the product or services to be carried out .Having knowledge of the product or service quality, supplies can rightly select and evaluated supplier with total quality management (TQM) in their system, ISO 9001 accreditation. TQM includes everyone in the organization with knowledge on the required quality; there would be little or no rejection/reworks. Thus is an added value to the organization.


                                  질문 # 30
                                  Explain which factors should be considered when deciding the quantity of a product to order.

                                  정답:

                                  설명:
                                  See the answer in explanation.
                                  Explanation:
                                  When reviewing supplier's response the procurement professional should consider the right quantity of product or service that has to be ordered at anytime as against the price to decide how to gain the best cost.
                                  Factors to consider include the following
                                  (1)Cost of inventory
                                  (2) cost of insurance
                                  (3) cost of transportation.
                                  These three should be considered against price.
                                  Note: Incoterms are versatile and procurement professionals should understand how they are ap-plied and what point the risk transfers from being the supplier's responsibility to being the buyer's responsibility. It is important to consult the ICC for the most recent definitions, but in the following questions (101-111) you can understand the rules.
                                  Note: sharpen your knowledge on INCOTERMS. Please consider the following Objective Re-sponse questions


                                  질문 # 31
                                  Which contract term contains details of when a product or service should be delivered and ex-plained the potential loss of business?

                                  정답:

                                  설명:
                                  Contract terms are the right and duties agreed between parties with which are then documented in contract.
                                  Terms can be either implied or expression.
                                  Implied terms are always present in a contract and are set by national laws; like the sales of goods act, whereas express terms are negotiated and created, for example; time is of the essence. When the procurement professional is setting key performance indicators, where which the supplier's performance will be monitored and managed, the KPI is expected to be SMART. The SMART is an acronym that is used to set KPI and specification. It means:
                                  Specific
                                  Measurable
                                  Achievable
                                  Relevant
                                  Time bound
                                  * Refer to the question column for response


                                  질문 # 32
                                  What potential costs could an organization face if it fails to conduct Due diligence effectively?

                                  정답:

                                  설명:
                                  Though strong due diligence procurement professionals can assess which suppliers or potential suppliers appear to meet the criteria associated with ethical practice.
                                  Prior to the contract being awarded, strong due diligence can save the organization from the following cost:
                                  1) Cost of reputation
                                  2) Environmental damage
                                  3) Stakeholders dissatisfaction,
                                  4) poor quality and rework
                                  5) Breach of contract
                                  6) Ethical concerns


                                  질문 # 33
                                  What are Carter's 10Cs?

                                  정답:

                                  설명:
                                  Carter's 10cs is a detailed mechanism that procurement professional uses to evaluate potential supplier. What the procurement professional should consider in supplier are the following 10 things.
                                  1) Competency 2) capacity 3) Cost 4) Cash 5) Clean 6) Consistency 7) Control 8) Culture 9) Com-mitment 10) Communication.


                                  질문 # 34
                                  ......

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