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| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Procurement and Supply in Practice |
| Exam Number: | L4M8 |
| Exam Format: | Objective test, Computer-based exam, Multiple choice questions |
| Available Languages: | English |
| Related Certifications: | CIPS Level 4 Diploma in Procurement and Supply |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | No expiry (qualification does not expire once awarded) |
| Recommended Training: | CIPS Official Learning CIPS Study Resources |
| Exam Registration: | Pearson VUE CIPS Exams CIPS Qualifications Page |
| Sample Questions: | CIPS L4M8 Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE test centres or authorised CIPS assessment centres (some regions may offer remote proctoring) |
| Pre Condition: | No formal prerequisite; CIPS Level 3 Diploma (or equivalent experience) is recommended |
| Official Syllabus URL: | https://www.cips.org/qualifications/diploma-level-4-procurement-and-supply/ |
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CIPS L4M8 certification exam is a highly sought-after qualification for professionals in the procurement and supply chain industry. L4M8 exam is designed to test the knowledge and skills required for individuals to effectively manage the procurement process from start to finish. The CIPS L4M8 Exam is ideal for those who are looking to advance their careers in procurement and supply chain management and is recognized globally as a valid certification.
NEW QUESTION # 92
What topics are covered within ethics?
Answer:
Explanation:
See the answer in explanation.
Explanation:
Topics that are covered within ethics are;
1. Environmental factors
2. The triple bottom line: profit, people and planet
3. Adopting sustainable practice.
4. considering the social impact of organization's behaviors
NEW QUESTION # 93
Why do some specifications need to adapt?
Answer:
Explanation:
Specification is a detailed description of what is required or needed. Due to certain reasons, needs sometimes increase in importance or lose their essence, therefore specifications need to adapt and develop to reflect the changing requirements of the consumer and also to comply with regulations and legislatures as this are amended.
Standard, regulations and legislation are continually evolving and new updated versions of existing guideline, as well as completely new initiatives one being released.
NEW QUESTION # 94
What are the four quadrants within the Kraljic portfolio matrix?
Answer:
Explanation:
At the early stages In procurement and supply cycle, buyers begin segmenting current supplies in the categories, depending on their level of integration into the organization. To help get this done, the buyer may use the Kraljic portfolio matrix. The kraljic portfolio matrix segment suppliers into four categories, which are;
1) Routine 2) Bottleneck 3) Leverage 4)strategic supplier
NEW QUESTION # 95
What is CSR policy?
Answer:
Explanation:
See the answer in explanation.
Explanation:
Corporate Social responsibility (CSR) policies state how organizations aim to contribute towards the community and how an organization portrays itself towards social impacts.
NEW QUESTION # 96
How can procurement professionals select suppliers?
Answer:
Explanation:
During the sourcing stage of the procurement cycle, the procurement professional needs to identify and select suppliers to fulfill the business needs. Supplier selection involves evaluating suppliers against predetermine criteria to assess their suitability in working with the buying organization. Suppliers can be evaluated according to Carter's 10Cs which are as follows: (1) Competency (2) capacity (3) consistency (4) control (5) cost (6) commitment (7) cash (8) Clean (9) culture (10) communication.
Procurement professionals can decide to evaluate and select suppliers based on the overall strategy and the business objectives. After that, it most suitable suppliers receive the documentation (Invitation to tender/ request for quotation).
NEW QUESTION # 97
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