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The Chartered Institute of Procurement and Supply (CIPS) is the leading global professional body for supply chain management and procurement. Offering a range of internationally recognized qualifications, CIPS equips professionals with the skills and knowledge necessary to advance their careers and drive organizational performance. One such qualification is the CIPS L4M8 (Procurement and Supply in Practice) Exam, which has been designed to help supply chain practitioners develop a deeper understanding of the practical applications of procurement and supply management.

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To be eligible for the CIPS L4M8 Certification Exam, candidates must have completed the CIPS Level 4 Diploma in Procurement and Supply. This ensures that candidates have a strong foundation in procurement and supply chain management before attempting the certification exam. Procurement and Supply in Practice certification is globally recognized and highly regarded in the industry, making it a valuable asset for professionals looking to advance their careers.

CIPS Procurement and Supply in Practice Sample Questions (Q10-Q15):

NEW QUESTION # 10
Explain the concept of the 3Ps/TBL and how it can be used by an organization.

Answer:

Explanation:
Trying to measure how sustainable an organization was used to be challenging undertaking. How-ever, 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 reinventing its profits in a State- of-the-art recycling machinery for it wasted cardboard.
People: A large privately owned call center 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.
The TBL, although a useful tool, is simply a way of recording how sustainable an organization is. Alone, it does not contribute towards any improvements or generate any actions promoting a more favorable, sustainable outlook. Objectives should be set in relation to what the 3Ps show and then monitored by implementing KPIs or other measuring methods.


NEW QUESTION # 11
Describe two ways in which an organization with which you are familiar could use continuous im-provement as part of whole life asset management.

Answer:

Explanation:
Continuous improvement relates to removing waste from the supply chain and improving processes to increase efficiency within whole life asset management in a full power project (a flour producing firm) can benefit from continuous improvement in the following ways;
1) Reduce cost of spears by recondition parts, instead of disposing them out rightly.
2) Can reduce down time by conducting routine maintenance after hours.
3) Can reducing accident by up skilling operators on safety
4) Can reduce waste oil by following owner's manual instead of relying on experience.
5) Create efficiencies by operating a 24/7 shift pattern.


NEW QUESTION # 12
Which type of power is most likely to be used in corruption?

Answer:

Explanation:
The abuse of power within the supply chain can be linked to corruption. If individuals with seniority favor one supplier over another, they can exercise their power to award the contract to whoever they wish.
According to CIPS code of conduct, this is not acceptable.
According to French and Raven, there are five types of power (Legitimate power, Reward, Expert, Referent and Coercive), and these powers can most likely be used in corruption.


NEW QUESTION # 13
What Incoterm applies here?
The supplier is responsible of placing the goods in the hands of a chosen carrier by the buyer, at which point the buyer takes on the risk.

Answer: A


NEW QUESTION # 14
Explain the difference between bonded and forced labor.

Answer:

Explanation:
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.


NEW QUESTION # 15
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