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CIPS L4M8 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Application of Procurement Cycle	25%	- Key stages of procurement cycle in practice 1. Tendering and selection processes 2. Market analysis and supplier research 3. Defining business needs and requirements 4. Contract formation and management
Topic 2: Ethics, Responsibility & Compliance	25%	- Ethical and responsible sourcing application 1. Sustainability and ESG integration 2. CIPS Code of Conduct and professional standards 3. Regulatory compliance and ethical governance 4. Anti-bribery, corruption and human rights protection
Topic 3: Whole Life Asset & Cost Management	25%	- Total cost of ownership concept 1. Purchase, operation, maintenance and disposal costs 2. Cross-functional collaboration and data use 3. Hidden costs and supply chain risks 4. Legal, environmental and waste management obligations
Topic 4: Sourcing Process & Supplier Management	25%	- Stages of strategic sourcing 1. Supplier evaluation, selection and award 2. Creation of contract terms and specifications 3. Stakeholder engagement and communication 4. Supplier performance monitoring and development

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CIPS Procurement and Supply in Practice Sample Questions (Q128-Q133):

NEW QUESTION # 128
Which theory relates to the 3Ps

Answer:

Explanation:
See the answer in explanation.
Explanation:
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.

NEW QUESTION # 129
Which products or services should not be considered for outsourcing, according to Carter's out-sourcing matrix

Answer:

Explanation:
Carters outsource matrix is a useful tool that procurement professionals uses to decide which products or services has a high or low contribution to the organization operation performance and its strategic importance. The matrix segments products/services into four quadrants. These are Eliminate, outsource, strategic alliance and retain.
According to Carters outsource matrix, all product/services that has a high strategic importance should not be outsourced. They should rather be retained in house or carefully chose suitable sup-pliers and go into strategic alliance.

NEW QUESTION # 130
What are five recognized types of modern slavery?

Answer:

Explanation:
See the answer in explanation.
Explanation:
Modern slavery is against ethical and responsible sourcing. Modern slavery is one of the areas to understudy for procurement professionals to carry out ethical and responsible sourcing and this is recognized in five ways.
1. Human trafficking: The process of seeking, recruiting, transporting and exploiting individuals to work against their will. Often human trafficking includes violence, deception, and coercion.
2. Bonded labour (debt bondage): This is an individual's promise to provide service through ex-ploitation as repayment, or part thereof, of a dept or other obligation.
3. Forced labour: Work that people are forced to do with the treat of punishment if it is not carried out.
4. Children labour: The exploitative and illegal employment of children.
5. Domestic slavery: Individuals exploited through working in private households for little or no money in return for living accommodation.
* Refer to the question column for response

NEW QUESTION # 131
Which Incoterm applies here?
The supplier is responsible for delivering the goods directly onto the vessel that will transport them to their named destination. As soon as the goods are on the vessel, the risk transfers to the buyer

A. CIF - Cost Insurance and Freight
B. DAP - Cost and Freight
C. FOB - Free On Board
D. FAS - Free Alongside Ship

Answer: C

NEW QUESTION # 132
Explain with examples three differences between offers and invitation to treat.

Answer:

Explanation:
An offer is created when one party communicates to another or to multiple parties that they wish to enter into a legal binding agreement in accordance with the terms stated, for example; a company in promotion advertising for buyers to buy one and get one free, an offer is a buying organization communicating to a supplier to supply X number of goods and be paid x amount upon delivery at company premises, an offer is when a football club proposes to pay X amount to a player if agrees to play for them for a month. An offer can be legally banded if accepted, whereas invitation to treat does not. An invitation to treat is just an invitation from one party to another to begin negotiations with the intention of creating an offer. If an offer is made without stating terms, this becomes an invitation to treat, for example, an invitation to treat is when a pharmacy displays a drug in its shelf. An invitation to treat can be linked to a request a buyer send to suppliers asking them for specific information.
* Refer to the question column for response

NEW QUESTION # 133
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