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CIPS L4M8 Exam Syllabus Topics:

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

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                                                  CIPS Procurement and Supply in Practice L4M8 Prüfungsfragen mit Lösungen (Q96-Q101):

                                                  96. Frage
                                                  Create a list of primary and secondary Data sources?

                                                  Antwort:

                                                  Begründung:
                                                  Data can be primary or secondary
                                                  Primary data are derived from original work or research through experience. Primary data can be gathered from the following sources; 1) Interview (2) survey (3) meetings (4) case studies.
                                                  Secondary data is derived from a previous source, i.e. somebody else has gathered the data. Sec-ondary data can be gained from; (1) Books (2) Websites, Trade magazines, etc


                                                  97. Frage
                                                  What are the four quadrants within the Kraljic portfolio matrix?

                                                  Antwort:

                                                  Begründung:
                                                  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


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

                                                  Antwort:

                                                  Begründung:
                                                  Trying to measure how sustainable an organization was used to be challenging undertaking. How-ever, during the 1990s, a concept brought up by American John Elkington change the way sustainability was measured.
                                                  This framework is known as the triple bottom line (TBL) and measures sustainability in relation to organizational performance and investment against the 3Ps (1) Profits (2) People (3) Planet. For example; Profit: A packaging manufacturer reinventing its profits in a State- of-the-art recycling machinery for it wasted cardboard.
                                                  People: A large privately owned call center donate its end of life computers to a local youth clubs and social groups to help gain internet cases.
                                                  Planet: A driving instructors using only hybrid vehicles to teach her learners, thus to reducing Co2 emission.
                                                  The TBL, although a useful tool, is simply a way of recording how sustainable an organization is. Alone, it does not contribute towards any improvements or generate any actions promoting a more favorable, sustainable outlook. Objectives should be set in relation to what the 3Ps show and then monitored by implementing KPIs or other measuring methods.
                                                  * Refer to the question column for response


                                                  99. Frage
                                                  Justify which of the five approaches to condition performance monitoring you think is the most cost effective within whole life asset management.

                                                  Antwort:

                                                  Begründung:
                                                  Condition performance monitoring is a surveillance system that is designed to get the maximum production uptime and availability out of an asset. And this can be achieved by timely monitoring and measuring of temperature, vibration, output, speed, noise, emissions and quality. With this, decision has to be made as to what, if any, action needs to be taken. The five approaches to condition performance monitoring are as follows:
                                                  1. Do nothing: Use like a commodity. This will bring worries later.
                                                  2. Reactive: Fix it when it breaks. This will run to failure.
                                                  3. Preventive: Scheduled maintenance.
                                                  4. Predictive: Fix it before it breaks. Predict faults.
                                                  5. Proactive: Continuous improvement defect elimination.
                                                  The most cost-effective approach is 'Proactive', because is the only approach that has continuous improvement in the process, people and policies to minimize downtime. Being proactive takes defect out of the system and continuously harness opportunity that will optimize the system


                                                  100. Frage
                                                  Which theory relates to the 3Ps

                                                  Antwort:

                                                  Begründung:
                                                  Trying to measure how sustainable an organization was use to be challenging undertaking. However, during the 1990s, a concept brought up by American John Elkington change the way sustainability was measured. This framework is known as the triple bottom line (TBL) and measures sustainability in relation to organizational performance and investment against the 3Ps (1) Profits (2) People (3) Planet. For example; Profit: A packaging manufacturer reinventing its profits in a State- of-the-art recycling machinery for it wasted cardboard.
                                                  People: A large privately owned call centre donate its end of life computers to a local youth clubs and social groups to help gain internet cases.


                                                  101. Frage
                                                  ......

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