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CIPS L4M8 Exam Syllabus Topics:

Section	Objectives
Topic 1: 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
Topic 2: Procurement Process and Sourcing	- Supplier selection and evaluation 1. Supplier appraisal techniques 2. Pre-qualification and tendering - Sourcing strategies 1. Outsourcing and insourcing approaches 2. Make or buy decisions
Topic 3: Procurement Technology and Innovation	- Digital procurement tools 1. Data analytics in procurement 2. E-procurement systems - Innovation in supply management 1. Automation and AI applications 2. Process optimisation
Topic 4: 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
Topic 5: Supplier Relationships and Performance	- Performance improvement 1. Continuous improvement approaches 2. KPIs and measurement systems - Supplier relationship management 1. Communication and governance 2. Collaboration and partnership models
Topic 6: 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

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CIPS Procurement and Supply in Practice Sample Questions (Q161-Q166):

NEW QUESTION # 161
Which contract term contains details of when a product or service should be delivered and ex-plained the potential loss of business?

Answer:

Explanation:
See the answer in explanation.
Explanation:
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

NEW QUESTION # 162
Write down a list of assets that belong to an organization with which you are familiar.

Answer:

Explanation:
See the answer in explanation.
Explanation:
Assets are things that an organization owns regarded as having value and available to meet debt and generate revenue. The following are list of assets owned by Fullpower project, a shoe manufacturing firm;
1) Machinery,
2) a factory,
3) an innovative software,
4) skills of its personnel,
5) land,
6) Distribution network.
7) Its long time relationship with experienced suppliers of raw materials and Distributors of finished shoes.

NEW QUESTION # 163
What are the two options for the disposal of an asset if resale is not possible?

Answer:

Explanation:
Disposal of an asset is the final stage in the decommissioning process of a fixed asset.
When a fixed asset reaches the end of its useful or cost effective life time within an organization, the decision is made as to whether it should be removed from the premises or disposed off.
If the asset is truly at the end of its life, no longer fit for purpose, not cost effective to repair and is not able to be exchanged, then disposal is the only option; there are two options for disposal;
1) Take the asset to land fill site
2) Taking the asset to a recycling plant.
* Refer to the question column for response

NEW QUESTION # 164
Using the case study about Toyata, which type of benchmarking Tada has used when comparing the Toyata with Porsche?

Answer:

Explanation:
Benchmarking is the process of comparing a function, process or performance with another which is best-in- class. Benchmarking is either internal or external. External benchmarking has three types;
1) Competition benchmarking,
2) Functional
3) Generic
Company Toyota with the Porsche a competition in the same industry and by suggesting that drives will find the cars performances comparable with that of Porsche Cayman sports car, suggest think it is an external competitive benchmark.
* Refer to the question column for response

NEW QUESTION # 165
The supplier is responsible for delivering the goods to a named port or destination (such as an air-port or warehouse), as well as unloading them from the terminal from this point, risk passes to the buyer.

A. FAS - Free Alongside Ship
B. DAP - Delivered At Place
C. DP - Delivery Duty Paid
D. DAT - Delivered At Terminal

Answer: D

NEW QUESTION # 166
......

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