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Pass your CIPS L4M8 Exam with accurate Questions & Answers
Procurement and Supply in Practice
Last Updated: Oct 3, 2024
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104 Questions and Answers for the CIPS L4M8 exam
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CIPS Procurement and Supply in Practice Syllabus
- Demonstrate the application of the procurement cycle/ Market analysis and testing
- Supplier evaluation/ Tendering processes/ Supplier and stakeholder management/ Defining business need Demonstrate the application of the key stages of the sourcing process/ Creation of contract terms
- Stages of the sourcing process/ Contract award/ Supplier selection/ Contract or supplier management
- Demonstrate the application of whole life assetmanagement/ Ensure senior management support
- Cross functional support – ensure access to data/ Legal aspects – waste management
- Hidden costs – global sourcing, risks associated with extended supply chain/ Removal or disposal processes
- Include all costs – purchase price through to disposal and end-of-life/ Only develop for larger purchases
- Team working – reduce data collection time/ Decommissioning
- Demonstrate the application of ethical and responsible sourcing within an organisation/ Environmental factors
- Expand reporting frameworks to include ecological and social performance/ Ethical codes of practice
- Adopt sustainable practices, standards and specifications in the supply chain/ Application of the CIPS Code of Conduct
- Consider the social impact of the organisation’s behaviours/ Bribery, Corruption, Fraud, Human rights, Modern slavery
- Supporting information on ethical practices in supplier quotations and tenders/ Supplier monitoring and KPIs