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| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Procurement and Supply in Practice |
| Exam Number: | L4M8 |
| Exam Price: | Varies by region; contact local CIPS office |
| Available Languages: | English |
| Passing Score: | Pass/ Fail (50% typically) |
| Exam Duration: | 150 minutes |
| Real Exam Qty: | 4-5 scenario-based questions |
| Exam Format: | Scenario-based written examination, Case study analysis, Long-form questions |
| Related Certifications: | CIPS Level 4 Diploma in Procurement and Supply |
| Certificate Validity Period: | No expiry for certification; membership renewal required |
| Sample Questions: | CIPS L4M8 Sample Questions |
| Exam Way: | Written examination (paper-based or on-screen at approved test centers) |
| Pre Condition: | Recommended: Completion of L4M1-L4M7 or equivalent knowledge; CIPS membership required for exam registration |
| Official Syllabus URL: | https://www.cips.org |
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CIPS L4M8: Procurement and Supply in Practice is a highly respected and globally recognized certification program offered by the Chartered Institute of Procurement and Supply (CIPS). Procurement and Supply in Practice certification program is designed to equip procurement and supply professionals with the knowledge, skills, and practical experience they need to excel in their careers.
NEW QUESTION # 50
Which Incoterm applies here?
The supplier is responsible for delivering the goods to the buyer's premises, bearing all risk up until this point.
Answer: D
NEW QUESTION # 51
What is the retention of title clause also known as?
Answer:
Explanation:
Retention of title (ROT) states when ownership transfers from supplier to buyer.
The retention of title terms also referred to as the Romalpa clause, which is related to a legal case from 1976 between Aluminum industries Vaassen BV and Romalpa Aluminum LTD
NEW QUESTION # 52
What are the four quadrants within the Kraljic portfolio matrix?
Answer:
Explanation:
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
NEW QUESTION # 53
What are the ILO and ETI?
Answer:
Explanation:
See the answer in explanation.
Explanation:
ILO stands for International Labour Organization- It is a United Nations agency whose mandate is to advance justice and promote decent work by setting international labor standard.
ETI is Ethical Trading Initiative: It is a leading alliance of companies, trade unions and NGOs that promote respect for workers right around the globe. Its vision is a world where all workers are free from exploitation and discrimination and enjoys condition of freedom, security and equity.
NEW QUESTION # 54
What are the five stages in Tuckman's team Development model?
Answer:
Explanation:
Tuckman's team development model depicts from where a team is formed to the various stages they might experience before the end where the objective is achieved and these includes.
1) Forming: here they are just being put together
2) Storming: conflict and competition begin to arise
3) Norming: here agreement and consensus is reached as roles and responsibility is clear.
4) Perform: They start carrying out the roles and responsibility
5) Adjourning: Task is complete and they are discharged
* Refer to the question column for response
NEW QUESTION # 55
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