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CIPS L4M8 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Ethics, Responsibility & Compliance | 25% | - Ethical and responsible sourcing application
|
| Sourcing Process & Supplier Management | 25% | - Stages of strategic sourcing
|
| Application of Procurement Cycle | 25% | - Key stages of procurement cycle in practice
|
| Whole Life Asset & Cost Management | 25% | - Total cost of ownership concept
|
CIPS Procurement and Supply in Practice Sample Questions:
1. Which contract term contains details of when a product or service should be delivered and ex-plained the potential loss of business?
2. Describe one implied term and one expressed term from a contract with which you are familiar.
3. What are the four quadrants within the Kraljic portfolio matrix?
4. Why do some specifications need to adapt?
5. Explain the concept of the 3Ps/TBL and how it can be used by an organization.
Solutions:
| Question # 1 Answer: Only visible for members | Question # 2 Answer: Only visible for members | Question # 3 Answer: Only visible for members | Question # 4 Answer: Only visible for members | Question # 5 Answer: Only visible for members |
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