CIPS Procurement and Supply in Practice : L4M8

  • Exam Code: L4M8
  • Exam Name: Procurement and Supply in Practice
  • Q & A: 198 Questions and Answers

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CIPS L4M8 Exam Syllabus Topics:

SectionWeightObjectives
Whole Life Asset & Cost Management25%- Total cost of ownership concept
  • 1. Purchase, operation, maintenance and disposal costs
    • 2. Cross-functional collaboration and data use
      • 3. Hidden costs and supply chain risks
        • 4. Legal, environmental and waste management obligations
          Ethics, Responsibility & Compliance25%- Ethical and responsible sourcing application
          • 1. CIPS Code of Conduct and professional standards
            • 2. Sustainability and ESG integration
              • 3. Regulatory compliance and ethical governance
                • 4. Anti-bribery, corruption and human rights protection
                  Application of Procurement Cycle25%- Key stages of procurement cycle in practice
                  • 1. Contract formation and management
                    • 2. Defining business needs and requirements
                      • 3. Tendering and selection processes
                        • 4. Market analysis and supplier research
                          Sourcing Process & Supplier Management25%- Stages of strategic sourcing
                          • 1. Stakeholder engagement and communication
                            • 2. Supplier performance monitoring and development
                              • 3. Supplier evaluation, selection and award
                                • 4. Creation of contract terms and specifications

                                  CIPS Procurement and Supply in Practice Sample Questions:

                                  1. Why do some specifications need to adapt?


                                  2. Why is it important to have adequate procedures in place within an organization in relation to bribery?


                                  3. What advantages could there be to holding excessive inventory?


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


                                  5. Explain why you think quality should be investigated before working with potential supplier?


                                  Solutions:

                                  Question # 1
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                                  Question # 2
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                                  Question # 3
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                                  Question # 4
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                                  Question # 5
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