L4M8 Praxisprüfung, L4M8 Fragen Antworten

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CIPS L4M8 Exam Syllabus Topics:

Section	Objectives
Contracting and Legal Principles	- Contract management 1. Dispute resolution and remedies 2. Performance measurement - Contract formation 1. Key elements of contracts 2. Terms and conditions
Risk, Ethics and Sustainability	- Ethical and sustainable procurement 1. Sustainable sourcing practices 2. Corporate social responsibility - Procurement risk management 1. Risk identification and mitigation 2. Supply chain disruptions
Procurement Process and Sourcing	- Sourcing strategies 1. Make or buy decisions 2. Outsourcing and insourcing approaches - Supplier selection and evaluation 1. Supplier appraisal techniques 2. Pre-qualification and tendering
Procurement Technology and Innovation	- Digital procurement tools 1. Data analytics in procurement 2. E-procurement systems - Innovation in supply management 1. Process optimisation 2. Automation and AI applications
Procurement and Supply Context	- Role of procurement in organisations 1. Organisational objectives and procurement contribution 2. Stakeholder expectations and value delivery - External business environment 1. Economic and regulatory influences 2. Market conditions and supply markets
Supplier Relationships and Performance	- Performance improvement 1. Continuous improvement approaches 2. KPIs and measurement systems - Supplier relationship management 1. Communication and governance 2. Collaboration and partnership models

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CIPS Procurement and Supply in Practice L4M8 Prüfungsfragen mit Lösungen (Q144-Q149):

144. Frage
Think of a supply chain with which you are familiar and distinguish between the primary, second-ary and tertiary sector organization within it.

Antwort:

Begründung:
See the answer in explanation.
Explanation:
Supply chain involves a network of individuals, organizations, technology activities and resources to make sure goods or services flow along the chain. If one point fails, every part further along the chain fails.
Fullpower projects (a flour manufacturer) supply chain begins with producers (raw materials, wheat farmers), suppliers, manufactures, distributors, retailers and end users (customer).
Fullpower projects supply chain falls within the primary sector (producers of wheat), the secondary sector include the manufacturing (those that converts the wheat the suppliers brings into flour) and tertiary sector (the distributor those that takes the wheat to the end users).
* Refer to the question column for response

145. Frage
What is Decommissioning?

Antwort:

Begründung:
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 plant, power 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

146. Frage
Explain the difference between bonded and forced labor.

Antwort:

Begründung:
See the answer in explanation.
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.

147. Frage
Create a list of tangible, intangible, direct and indirect needs within an organization with which you are familiar.

Antwort:

Begründung:
Tangible costs are the cost an organization incur acquiring items that can be physically touched and or seen. Examples includes; 1) Capital Purchase 2) Raw materials 3) Sundry items 4) Vehi-cles/transport 5) Utilities Intangible costs are the cost an organization incurs acquiring something that cannot be physically seen or touched. Examples include; 1) Insurance 2) Marketing 3) Research and development 4) Salaries and/pension 5) Services 6) Training.
Direct costs - These are costs that an organization incurs acquiring product and services directly attributable/traceable to its production, for example, the cost of labour and materials directly uses to produce the goods/services which the organization sells. In the case of buying and running a Lorry for transport fleet, this would be 1) total cost of acquiring the lorry,) Tooling 3) Operation.
Indirect cost - These are costs that are not directly associated to production, for example, materials and services not used in production, labour/ staff cost not directly attributed to production, such as management, sales and marking, ICT support, rents. In the case of buying and running a Lorry for transport fleet. Examples are; 1) Insurance 2) Disposal.

148. Frage
What is depreciation and deterioration?

Antwort:

Begründung:
When an organization want to purchase an asset, it considers the depreciation and deterioration in the whole life of the asset and how it will be manage.
Depreciation is the reduction in value of a tangible and a fixed asset over time. The purpose of calculating the depreciation of the asset is to give the organization a fair and current view of what the asset is worth at a particular time. Depreciation is a way of converting the cost of an asset into an expense over a period of time.
Depreciation is a permanent feature listed against an asset throughout its life time and it based on wear and tear, reduction in performance and reduction in value.
Deterioration is the process of something becoming lower in quality or performance. The longer the asset can last without deteriorating the better value the asset represents.
* Refer to the question column for response

149. Frage
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