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| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Procurement and Supply in Practice |
| Exam Number: | L4M8 |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Certificate Validity Period: | No expiry (qualification does not expire once awarded) |
| Related Certifications: | CIPS Level 4 Diploma in Procurement and Supply |
| Exam Format: | Computer-based exam, Objective test, Multiple choice questions |
| Recommended Training: | CIPS Study Resources CIPS Official Learning |
| Exam Registration: | Pearson VUE CIPS Exams CIPS Qualifications Page |
| Sample Questions: | CIPS L4M8 Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE test centres or authorised CIPS assessment centres (some regions may offer remote proctoring) |
| Pre Condition: | No formal prerequisite; CIPS Level 3 Diploma (or equivalent experience) is recommended |
| Official Syllabus URL: | https://www.cips.org/qualifications/diploma-level-4-procurement-and-supply/ |
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Achieving the CIPS L4M8 Certification credentials is a significant accomplishment in the procurement and supply chain profession. Procurement and Supply in Practice certification validates the professional’s expertise and technical knowledge, allowing them to carry out responsibilities effectively and efficiently. In addition, it provides a competitive edge in the industry, as employers see value in candidates who possess certifications that showcase their capabilities. The CIPS L4M8 Certification Exam is a crucial accreditation for procurement and supply chain professionals who strive for excellence in their field.
NEW QUESTION # 82
Use the balance sheet below to work out the correct ratio for coffee Time and explain whether the company appears to have enough assets to cover it liability.
Answer:
Explanation:
A current ratio of 1 shows that the organization has enough assets to repay (cover) it liability Buyers can be encouraged to deal with these suppliers after if they considered proven and strong in other areas.
Refer to the question column for response
NEW QUESTION # 83
What are the four quadrants in the Mendelow stakeholder matrix?
Answer:
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)
* Refer to the question column for response
NEW QUESTION # 84
Write all of factors that contribute towards value for a product that you regularly purchase.
Answer:
Explanation:
Factors that contribute towards value for clothe gum in a fashion firm;
1) How much money does the gum cost?
2) How much is the benefits of using the clothe gum?
3) Does customers prefer clothe gum at the bottom of their garment?
4) Is the clothe gum difficult to use?
5) Does the clothe gum beautifies the fabric when placed properly?
6) Does it give a better finishing?
7) Is it ethical to use?
8) Is it from a sustainable source?
9) is it environmental friendly?
10) Does using clothe gum suggest innovation in fashion?
Refer to the question column for response
NEW QUESTION # 85
Which Incoterm applies here?
The supplier is responsible for delivering the goods to the buyer's premises include arranging any custom clearances that applies, bearing all risk up until this point.
Answer: B
NEW QUESTION # 86
Explain the difference between bonded and forced labor.
Answer:
Explanation:
Bonded labour and forced labour are among the five types of modern slavery which is against ethical and responsible sourcing.
Bonded labour also known as debt bondage, this is an individual's promise to provide services through exploitation as repayment, or part of them, of a debt or other obligation whereas forced labour is work that people are forced to do with the heat of punishment if it is not carried out.
(Correct)
NEW QUESTION # 87
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