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

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CIPS Procurement and Supply in Practice Sample Questions (Q73-Q78):

NEW QUESTION # 73
Which type of power is most likely to be used in corruption?

Answer:

Explanation:
The abuse of power within the supply chain can be linked to corruption. If individuals with seniority favor one supplier over another, they can exercise their power to award the contract to whoever they wish.
According to CIPS code of conduct, this is not acceptable.
According to French and Raven, there are five types of power (Legitimate power, Reward, Expert, Referent and Coercive), and these powers can most likely be used in corruption.

NEW QUESTION # 74
Which Incoterm applies here?
The supplier is responsible for delivering the goods to the buyer's premises, bearing all risk up until this point.

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

Answer: A

NEW QUESTION # 75
Research the ethical standard or accreditation of an industry with which you are familiar.

Answer:

Explanation:
If a supplier is accredited or is a member of an association that promotes good ethical conduct, a statement to this effect is likely to be featured on its company documentation. This could be in a form of letters after the organization name or the authorized use of logo.
Accreditation information should be verified by procurement professionals either asking organiza-tion for certification to prove membership or accreditation or checking on a professional register.
Below are associated bodies that form some industries.
1. ISO 14001 - for quality management
2. CIPS - for procurement and Supply
3. Red Tractor - NGO Registered in the UK, promoting human right
4. Amnesty International - human right
5. Carbon Trust - For Carbon neutral status.
* Refer to the question column for response

NEW QUESTION # 76
Why is it important to have adequate procedures in place within an organization in relation to bribery?

Answer:

Explanation:
See the answer in explanation.
Explanation:
Bribery is the act of giving someone something of value to persuade them to do something that benefits you.
Ethical and responsible sourcing requires conducting due diligence on bribery before going into contractual relationship because failure to this might lead to loss in reputation.
In other for an organization to defend itself against a case of suspected bribery, the United Kingdom bribery Act introduced in 2010 suggests that organizations should have adequate procedures' in place.
The following are six procedures an organization should have in place to be able to defend itself against bribery
1) Proportionate procedure
2) Top level commitment
3) risk assessment
4) due diligence
5) communication
6) monitoring and reviewing

NEW QUESTION # 77
Explain with examples three differences between offers and invitation to treat.

Answer:

Explanation:
See the answer in explanation.
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.

NEW QUESTION # 78
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