Kostenlose Procurement and Supply in Practice vce dumps & neueste L4M8 examcollection Dumps

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CIPS L4M8 Exam Syllabus Topics:

SectionObjectives
Supplier Relationships and Performance- Supplier relationship management
  • 1. Collaboration and partnership models
    • 2. Communication and governance
      - Performance improvement
      • 1. Continuous improvement approaches
        • 2. KPIs and measurement systems
          Contracting and Legal Principles- Contract management
          • 1. Performance measurement
            • 2. Dispute resolution and remedies
              - Contract formation
              • 1. Key elements of contracts
                • 2. Terms and conditions
                  Procurement Technology and Innovation- Innovation in supply management
                  • 1. Process optimisation
                    • 2. Automation and AI applications
                      - Digital procurement tools
                      • 1. Data analytics in procurement
                        • 2. E-procurement systems
                          Procurement Process and Sourcing- Supplier selection and evaluation
                          • 1. Pre-qualification and tendering
                            • 2. Supplier appraisal techniques
                              - Sourcing strategies
                              • 1. Make or buy decisions
                                • 2. Outsourcing and insourcing approaches
                                  Risk, Ethics and Sustainability- Ethical and sustainable procurement
                                  • 1. Corporate social responsibility
                                    • 2. Sustainable sourcing practices
                                      - Procurement risk management
                                      • 1. Risk identification and mitigation
                                        • 2. Supply chain disruptions
                                          Procurement and Supply Context- Role of procurement in organisations
                                          • 1. Organisational objectives and procurement contribution
                                            • 2. Stakeholder expectations and value delivery
                                              - External business environment
                                              • 1. Market conditions and supply markets
                                                • 2. Economic and regulatory influences

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                                                  CIPS L4M8 Dumps, L4M8 Originale Fragen

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                                                  CIPS Procurement and Supply in Practice L4M8 Prüfungsfragen mit Lösungen (Q106-Q111):

                                                  106. Frage
                                                  Looking at stage 8 of the procurement and supply cycle, what does TCA mean?

                                                  Antwort:

                                                  Begründung:
                                                  When evaluating offers, it is important to remember that the best price may not be the lowest. To ascertain that; the total cost of Acquisition TCA (the cost a buyer bears for placing orders and re-ceiving a product from a supplier) should be uncovered and compare against offers received. Things to consider that might make up the total cost of acquisition are;
                                                  1) logistics and handling costs
                                                  2) Cost of requisition
                                                  3) Rework
                                                  4) stock cost
                                                  5) Delay
                                                  6) Inspection
                                                  7) customer services
                                                  8) consumables
                                                  9) Training & support
                                                  * Refer to the question column for response


                                                  107. Frage
                                                  What is a cross function team?

                                                  Antwort:

                                                  Begründung:
                                                  See the answer in explanation.
                                                  Explanation:
                                                  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


                                                  108. Frage
                                                  Why do some specifications need to adapt?

                                                  Antwort:

                                                  Begründung:
                                                  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.


                                                  109. Frage
                                                  What are the definition of a new buy and a modified re-buy?

                                                  Antwort:

                                                  Begründung:
                                                  See the answer in explanation.
                                                  Explanation:
                                                  A new buy is the purchase of goods and services by an organization or an individual for its first time. For example a transport organization for the very first time contracting the purchase of a Lorry out to an external supplier. In situations like this, it is advisable to start the procurement cycle from the very first stage. Which is understanding the need and developing high level specification.
                                                  Modified re-buy is the purchase of goods or services that an organization has bought before there was a need but with changes to the specification or supplier or quantity or quality. In carrying out modified re-buy, procurement professional should start from the very first stage of the procurement cycle to justify the added need and follow through. Not in all cases that buyer would have to start from understanding the need. In a situation where the changes required is a change of supplier, the organization will start from its preferred suppliers list and contract the next ranking supplier as the case may be.


                                                  110. Frage
                                                  When benchmarking what other factors, apart from price should be considered to find the total cost of acquisition?

                                                  Antwort:

                                                  Begründung:
                                                  See the answer in explanation.
                                                  Explanation:
                                                  When evaluating potential suppliers, procurement professionals can carry out bench-marking. Benchmarking is the process of comparing a function, a process performance with another which is best in-class.
                                                  Other factors, apart from price that can be considered to find the total cost of acquisi-tion include the product or service quality, lead time, supplier culture, its environmental awareness and sustainability.


                                                  111. Frage
                                                  ......

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