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The Procurement and Supply in Practice certification provides beginners and professionals with multiple great career opportunities. The CIPS Exam L4M8 examination is one of the most demanding CIPS tests. There are multiple benefits you can get after cracking the L4M8 test. The top-listed benefits include skill verification, high-paying jobs, bonuses, and promotions in your current organizations. All these benefits of earning the L4M8 certificate help you level up your career in the tech sector.
| Section | Weight | Objectives |
|---|---|---|
| Whole Life Asset & Cost Management | 25% | - Total cost of ownership concept
|
| Application of Procurement Cycle | 25% | - Key stages of procurement cycle in practice
|
| Ethics, Responsibility & Compliance | 25% | - Ethical and responsible sourcing application
|
| Sourcing Process & Supplier Management | 25% | - Stages of strategic sourcing
|
>> Reliable CIPS L4M8 Test Question <<
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NEW QUESTION # 101
Explain why it is deemed better to use Sea freight rather than air.
Answer:
Explanation:
See the answer in explanation.
Explanation:
It would be rare to find a supplier who does not emit any form of pollution. However, part of ethical and responsible sourcing is to make effort to reduce impact of population on the planets. Pollution can be factory emission, Noise, smell, Transportation De-velopment, waste disposal. Transportation is a major cause of pollution. The carbon dioxide emitted from vehicles contributes greatly to air contamination. Yet it is better to use sea freight rather than air because it has a smaller impact on the environment.
NEW QUESTION # 102
Explain why risk should be evaluated prior to the disposal of any assets.
Answer:
Explanation:
See the answer in explanation.
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.
The process of disposing an asset cannot be without its risk, for example there could be pollution in the community, waste or hazardous materials that could affect the underground water or humans around.
These risks should be identified, evaluated to come up with a response strategy on how to avoid or mitigate them causing damage to human, property, business and the environment.
NEW QUESTION # 103
What two areas of an organization do the Kraljic Portfolio matrix uses to establish the category of a product or service?
Answer:
Explanation:
See the answer in explanation.
Explanation:
The Kraljic Portfolio Matrix shows where a product or services fits into in an organization. It is based on two areas 1) the risk of supply (Risk Impact). 2) Effect it has on profit (cost impact).
NEW QUESTION # 104
Research the values and ethical code of practice of an organization with which you are familiar.
Answer:
Explanation:
Fullpower projects is a training firm that trains on project management and procurement. It has the following values and ethical code of practice
1) Accountability
2) selflessness
3) openness
4) integrity
5) objectives
6) Honesty
7) Leadership
NEW QUESTION # 105
What happens in the public sector, regarding providing feedback?
Answer:
Explanation:
A sector is an area of an industry, e.g., private, public or third sector.
A public sector is a sector of the economy that is owned, finance and run by the government. This sector is financed with tax payer's money. And therefore owe the general public an ethical explanation towards all investment and decision.
Once the supplier that is awarded the contract has accepted, the buyer can tell the unsuccessful bidders. This usually happens through email or letter. The public sector is more likely to give feedback to unsuccessful bidders and also have to respond to any stakeholders that request information on why a supplier is not successful.
NEW QUESTION # 106
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