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CIPS L4M8 (Procurement and Supply in Practice) exam is a certification exam offered by the Chartered Institute of Procurement and Supply (CIPS). L4M8 exam is designed to test the knowledge and skills of procurement and supply professionals at the operational level. L4M8 Exam covers a range of topics such as procurement processes, contract management, supplier relationship management and stakeholder management.
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CIPS L4M8 Certification Exam is recognized globally, and successful candidates will be able to demonstrate their expertise to employers and peers. It is an excellent way for individuals to stand out in a competitive job market and advance their careers in procurement and supply chain management.
NEW QUESTION # 61
Which Incoterm applies here?
The supplier is responsible for delivering the goods directly onto the vessel that will transport them to their named destination, covering the cost of both the transport and the insurance to cover this. Again, the supplier bears all risks until the goods are delivered to the buyer at their named place.
Answer: D
NEW QUESTION # 62
What are the four stages of decommissioning?
Answer:
Explanation:
See the answer in explanation.
Explanation:
When a fixed asset reaches the end of its life, it requires decommissioning before reconditioning or disposal.
Decommissioning is to observe all the safety measures and technical procedures and stop active machinery or an asset from operation (example gas plan, generator, transformer etc.
Decommissioning process include the following aspect
1) Preparation: Plan the process
2) Dismantle: Take the asset apart and remove hazardous waste
3) Processing: make safe any hazardous waste
4) Disposal: Ensure paper work is received to confirm removal and disposal
* Refer to the question column for response
NEW QUESTION # 63
What is Iso 14001?
Answer:
Explanation:
See the answer in explanation.
Explanation:
14001 set out as international standards for an environmental management system.
NEW QUESTION # 64
What two areas of an organization do the Kraljic Portfolio matrix uses to establish the category of a product or service?
Answer:
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 # 65
In relation to the case study 'Walmart and H & M in spotlight regarding human rights in media ex-plain which human rights are not being granted to the workers.
Answer:
Explanation:
See the answer in explanation.
Explanation:
Human rights are the statutory ways in which individual expects to and should be treated. Ethical and responsible sourcing includes the protection of human rights, not violating it.
When young women are being bound into contracts where they work for two to three years, they are not being granted the right to freedom from slavery.
Forcing these women to live in hostels under restrictions that prevent them from moving and are denied the opportunity to improve on their living condition is a violation of their right to life, liberty and personal security, also, their freedom from torture and degrading treatment is being violated.
NEW QUESTION # 66
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