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CIPS L4M8 (Procurement and Supply in Practice) Certification Exam is a comprehensive assessment of a candidate's skills and knowledge in procurement and supply chain management. Procurement and Supply in Practice certification is designed for professionals who are looking to advance their careers in the procurement and supply chain field, and it covers a wide range of topics, from sourcing and negotiation to contract management and supplier relationship management.

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CIPS L4M8 Certification Exam is designed to test candidates' understanding of key procurement and supply chain concepts and their ability to apply them in real-world scenarios. L4M8 exam consists of 60 multiple-choice questions and candidates have two hours to complete it. The questions are designed to be challenging, ensuring that only the most knowledgeable and skilled professionals are awarded the certification.

CIPS Procurement and Supply in Practice Sample Questions (Q72-Q77):

NEW QUESTION # 72
What is Decommissioning?

Answer:

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


NEW QUESTION # 73
What is a cross function team?

Answer:

Explanation:
A cross-function Team is the involvement of all departments that are in an organization to contribute knowledge, skills and innovation towards adding value to achieving the organization's strategic goal.
Example, procurement, maintenance, marketing, finance, human resources working together in procurement activity to come up with the best strategy or selecting the supplier that best suit the organization.
When working in a cross-functional team, members of the organization give support by believing in the end goal, assist during difficult time, help troubleshoot any issue, providing the required resources and sharing information


NEW QUESTION # 74
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 # 75
What two areas of an organization do the Kraljic Portfolio matrix uses to establish the category of a product or service?

Answer:

Explanation:
See the answer in explanation.
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 # 76
Describe three ways in which a supplier could improve the effect its company has on the environ-ment.

Answer:

Explanation:
See the answer in explanation.
Explanation:
Responsible and ethical sourcing promotes working with suppliers who want to have a positive effect on the environment or at least minimize the damage they cause. Suppliers can make effort to reduce their impact on the planet through reducing the pollution, taking steps to recycle or reuse products can improve on supplier's impact on the environment, also supplier can consider sustainability as another environmental factor.
Suppliers with strong values on ethics will have a programme to return anything taken from nature in the form of replanting or replacing


NEW QUESTION # 77
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