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CIPS L4M8 Exam Syllabus Topics:

Section	Weight	Objectives
Sourcing Process & Supplier Management	25%	- Stages of strategic sourcing 1. Creation of contract terms and specifications 2. Stakeholder engagement and communication 3. Supplier performance monitoring and development 4. Supplier evaluation, selection and award
Application of Procurement Cycle	25%	- Key stages of procurement cycle in practice 1. Defining business needs and requirements 2. Contract formation and management 3. Market analysis and supplier research 4. Tendering and selection processes
Ethics, Responsibility & Compliance	25%	- Ethical and responsible sourcing application 1. Regulatory compliance and ethical governance 2. Sustainability and ESG integration 3. CIPS Code of Conduct and professional standards 4. Anti-bribery, corruption and human rights protection
Whole Life Asset & Cost Management	25%	- Total cost of ownership concept 1. Cross-functional collaboration and data use 2. Hidden costs and supply chain risks 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 (Q66-Q71):

NEW QUESTION # 66
What topics are covered within ethics?

Answer:

Explanation:
See the answer in explanation.
Explanation:
Topics that are covered within ethics are;
1. Environmental factors
2. The triple bottom line: profit, people and planet
3. Adopting sustainable practice.
4. considering the social impact of organization's behaviors

NEW QUESTION # 67
What are the four quadrants in the Mendelow stakeholder matrix?

Answer:

Explanation:
See the answer in explanation.
Explanation:
Stakeholder are individuals or organizations that can be affected directly or indirectly by any project or decision. For successful procurement activities to take place, stakeholders must be identified, engaged and managed. Not all stakeholders require the same level of engagement and management. To appropriately manage identified stakeholders, the Mendelow management matrix has categorized stakeholders in four quadrants, according to how low or high their power and interest in the project could be. The four categories are:
1) Minimum effort (low power-Low interest)
2) Keep satisfied (high power-Low interest)
3) Keep informed (Low power - high interest)
4) Manage closely (High power- High interest)

NEW QUESTION # 68
Which Incoterm applies here?
The supplier is responsible for delivering the goods to a carrier or to an intermediate agreed place and should ensure that the goods have at least minimal insurance cover until this point. Again, the buyer is responsible for ensuring these goods reach their named destination from here.

A. FCA - Free Career
B. EXW - Ex Works
C. CIP - Carriage and Insurance Paid to
D. CPT - Carriage Paid To

Answer: C

NEW QUESTION # 69
What is contract performance review and continuous improvement?

Answer:

Explanation:
See the answer in explanation.
Explanation:
Contract performance review and continuous improvement is the stage 11 of the CIPS procurement and supply cycle.
In order to effectively manage supplier performance and contractual obligations, the suppliers per-formance against key performance indicators (KPI) should be reviewed regularly. This KPI should have been agreed doing the post contract award negotiation. In addition to review KPIs suppliers and the procurement team should work towards continuous improvement. This is a continuous ef-fort to improve product or services within an organization. This may involve improving quality, reducing waste in the supply chain and focusing on innovation. It is an ongoing process that works toward perfection.

NEW QUESTION # 70
What are the 3Ps in the triple bottom line.

Answer:

Explanation:
Trying to measure how sustainable an organization was use to be challenging undertaking. However, during the 1990s, a concept brought up by American John Elkington change the way sustainability was measured.
This framework is known as the triple bottom line (TBL) and measures sustainability in relation to organizational performance and investment against the 3Ps (1 ) Profits (2) People (3) Planet. For example; Profit: A packaging manufacturer reinvesting its profits in State- of-the-art recycling machinery for it wasted cardboard.
People: A large privately owned call centre donate its end of life computers to a local youth clubs and social groups to help gain internet cases.
Planet: A driving instructors using only hybrid vehicles to teach her learners, thus to reducing Co2 emission.
* Refer to the question column for response

NEW QUESTION # 71
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