CIPS L4M8 Exam Questions

Name: CIPS L4M8 Exam
Brand: Pass4Success
SKU: L4M8
Price: 69.00 USD
Availability: InStock
Rating: 4.7 (175 reviews)

Exam Name: Procurement and Supply in Practice

Exam Code: L4M8

Related Certification(s): CIPS Level 4 Diploma in Procurement and Supply Certification

Certification Provider: CIPS

Number of L4M8 practice questions in our database: 104 (updated: Nov. 12, 2024)

Expected L4M8 Exam Topics, as suggested by CIPS :

Topic 1: Demonstrate the application of the procurement cycle/ Market analysis and testing
Topic 2: 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
Topic 3: Stages of the sourcing process/ Contract award/ Supplier selection/ Contract or supplier management
Topic 4: Demonstrate the application of whole life assetmanagement/ Ensure senior management support
Topic 5: Cross functional support – ensure access to data/ Legal aspects – waste management
Topic 6: Hidden costs – global sourcing, risks associated with extended supply chain/ Removal or disposal processes
Topic 7: Include all costs – purchase price through to disposal and end-of-life/ Only develop for larger purchases
Topic 8: Team working – reduce data collection time/ Decommissioning
Topic 9: Demonstrate the application of ethical and responsible sourcing within an organisation/ Environmental factors
Topic 10: Expand reporting frameworks to include ecological and social performance/ Ethical codes of practice
Topic 11: Adopt sustainable practices, standards and specifications in the supply chain/ Application of the CIPS Code of Conduct
Topic 12: Consider the social impact of the organisation’s behaviours/ Bribery, Corruption, Fraud, Human rights, Modern slavery
Topic 13: Supporting information on ethical practices in supplier quotations and tenders/ Supplier monitoring and KPIs

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Vilma

7 days ago

I recently passed the CIPS exam, and the practice questions from Pass4Success were invaluable. One question that caught me off guard was about the key stages of the sourcing process, specifically the methods for evaluating supplier performance. Although I was uncertain, I still passed.

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Dorothy

12 days ago

Thanks to Pass4Success for their helpful practice questions! They really prepared me for the exam's format. Pay attention to questions about risk management in the supply chain - they came up quite a bit.

upvoted 0 times

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Samira

17 days ago

Passed my CIPS certification! Pass4Success really helped me study efficiently in a short time.

upvoted 0 times

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Zona

22 days ago

Clearing the CIPS exam was a great achievement, and the Pass4Success practice questions were a big help. A question that puzzled me was related to the procurement cycle, particularly the steps involved in contract management. Despite my doubts, I succeeded in passing the exam.

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Alaine

1 months ago

The exam had a good mix of theoretical and practical questions. I found the section on negotiation strategies particularly challenging. Study different negotiation techniques and their applications.

upvoted 0 times

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Phil

1 months ago

I passed the CIPS Procurement and Supply in Practice exam, thanks in part to the Pass4Success practice questions. One challenging question was about whole life asset management, specifically how to calculate the total cost of ownership for a new asset. Even though I was unsure, I managed to get through the exam.

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Laquita

2 months ago

Whew, that CIPS exam was tough! Glad I used Pass4Success to prepare. Their questions were a lifesaver.

upvoted 0 times

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Alline

2 months ago

Heads up! There were several questions on contract management. Make sure you understand the key stages of the contract lifecycle and common contract terms.

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Madonna

2 months ago

Having just cleared the CIPS exam, I can confidently say that the practice questions from Pass4Success played a crucial role. There was a tricky question on ethical and responsible sourcing, asking about the best practices for ensuring supplier compliance with ethical standards. I wasn't entirely sure of my answer, but I still passed.

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Genevieve

2 months ago

Just passed the CIPS Certified: Procurement and Supply in Practice exam! The questions on supplier relationship management were tricky. Be prepared to analyze case studies on collaborative partnerships.

upvoted 0 times

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Raymon

2 months ago

I recently passed the CIPS Procurement and Supply in Practice exam, and I must say that the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the key stages of the sourcing process, specifically how to effectively conduct a supplier appraisal. Despite my uncertainty, I managed to pass the exam.

upvoted 0 times

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Jovita

3 months ago

Just passed the CIPS Procurement and Supply exam! Thanks Pass4Success for the spot-on practice questions.

upvoted 0 times

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Melinda

3 months ago

With the assistance of Pass4Success practice questions, I was able to pass the CIPS Procurement and Supply in Practice exam. The exam covered topics such as the procurement cycle, supplier management, and tendering processes. One question that I found challenging was about market analysis and how to conduct thorough testing to ensure the best supplier selection for a specific business need.

upvoted 0 times

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Isreal

4 months ago

My exam experience was successful as I passed the CIPS Procurement and Supply in Practice exam. The topics included in the exam were market analysis, supplier evaluation, and creation of contract terms. One question that I remember was about the key stages of the sourcing process and how to effectively manage supplier relationships throughout the procurement cycle.

upvoted 0 times

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Keneth

4 months ago

Aced the CIPS Procurement exam! Pass4Success's resources were invaluable. Thanks for making my study time so efficient!

upvoted 0 times

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Linette

5 months ago

I passed the CIPS Procurement and Supply in Practice exam with the help of Pass4Success practice questions. The exam covered topics such as supplier evaluation, tendering processes, and defining business needs. One question that stood out to me was related to supplier management and how to effectively communicate with stakeholders to ensure successful procurement outcomes.

upvoted 0 times

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Audry

5 months ago

CIPS certified! Pass4Success's exam questions were incredibly similar to the real thing. Great resource for last-minute prep!

upvoted 0 times

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Fabiola

5 months ago

Thrilled to have passed the CIPS exam! Pass4Success's practice questions were a lifesaver. Highly recommend for quick prep!

upvoted 0 times

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Edison

7 months ago

CIPS exam success! Pass4Success really came through with relevant materials. Couldn't have done it without their help.

upvoted 0 times

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Catrice

8 months ago

Just passed the CIPS Procurement and Supply exam! Thanks to Pass4Success for the spot-on practice questions. Saved me so much time!

upvoted 0 times

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Free CIPS L4M8 Exam Actual Questions

Note: Premium Questions for L4M8 were last updated On Nov. 12, 2024 (see below)

Question #1

Describe three types of fraud that could occur within the supply chain of an organization with which you are familiar.

AExplanation:
Fraud occurs when a person acts deliberately to secure monies from another party through dishonest method. Within the supply chain of an organization, fraud can represent itself in the following ways:
1. Kickbacks: e.g. (commission given to a bribe taker for service perform)
2. Corrupt influence (e.g ordering more than what is required)
3. Collusion: (group of suppliers working together to submit multiple bids and split profit.
4. Bid Rigging (a contract is informally agreed with a chosen supplier prior to the official process
5. invoicing fraud
6. Substitution (submitting products that are below the required quality
7. False claims (files false document)
Case Study
A series of news stories reporting events such as the collapse of the Rana Plaza building in 2013 have drawn attention to the poor conditions in garment factories across India and South East Asi
a. Human rights groups have long be critical of the excessive hours and poor wages workers are forced to endure, as well as the abuse they receive from supervisor. With consumers becoming increasingly aware of these conditions, more pressure is being put on global brands and retailers to ensure their supply chains are fair and ethical.
Certain areas have been notorious for the mistreatment of workers. In India's textile valley', young women are been bound into contracts where they work for two to three years, in exchange for a lump sum of money that they can then put towards a dowry. This is known as the 'Sumangali [a married woman] Thittam' scheme. These women are forced to live in hostels under restrictions that prevent them from moving, and are denied the opportunity to improve their living conditions. Retailers including Walmart and H&M are known to source garments from factories in the 'textile valley'.
Reports by organizations including the Asia Floor Wage Alliance (AFWA), Central Combodia, Global Labor Justice, Sedane Labour Resource Centre (LIPS) Indonesia, and Society for Labour and Development (SLD) India have exposed unethically run factories that supply garments to H&M, Gap and Walmart. However, retailers will continue to benefit from expensive labour until mounting customers pressure causes them to change.

Reveal Solution

Correct Answer: A

Question #2

What is the method of monitoring suppliers?

AExplanation:
When a contract has been awarded, either is to meet tangible needs or intangible needs, contractors or suppliers should be managed to ensure that they are meeting up with fulfilling their contractual agreement. To establish this, there are methods of managing contracts and suppliers.
Service level agreement (SLA) clauses: is placed in contract to ensures that supplier meets the expected and agreed level of service
Key performance indicator (KPI): are used to manage contracts that fulfill tangible needs, the KPIs are set performance thresholds that are used to monitor supplier's performance.
Management by objectives (MBO): is the process of defining objective that are strategic to the organization relating them to the vision and mission and communicating them to the supplier through the contract and ensuring that this objective is met during contract performance.
Reviews: Regular supplier reviews are good practices, for it gives the buyer opportunity to give feedback on performance.
Continuous Improvement: Contracts and suppliers can be monitored through how they are chang-ing for better incrementally as they are fulfilling the schedule. There must be a set down system to timely improve on the process, people and continuously reduce waste.
Training: It is essential that training, are provided to come up on areas supplier is lacking.

Reveal Solution

Correct Answer: A

Question #3

Why is it important to keep ethical codes of practice up to date?

AExplanation:
A code of ethics is a set of morals and principle set out by an organization to state what it deems to be acceptable conduct and behavior
An ethical code of practice is a continually changing and developing document with society changing and different suppliers coming to market, the document has to remain current
Suppliers should continually monitor their codes of ethics to ensure that;
1. They are looking after the interest of the supply chain
2. That potential customers can be reassured that they are conforming to the required regulation, e.g. ISO 14001.
Ethical code of conduct should be constantly monitored and updated in accordance with the changes organization faces. This include 1) Define (2) prevent (3) detect (4) reprove (5) evaluate.
*
Refer to the question column for response

Reveal Solution

Correct Answer: A

Question #4

Why is it important to keep ethical codes of practice up to date?

Reveal Solution

Correct Answer: A

Question #5

Research the values and ethical code of practice of an organization with which you are familiar.

AExplanation:
Fullpower projects is a training firm that trains on project management and procurement. It has the following values and ethical code of practice
1) Accountability
2) selflessness
3) openness
4) integrity
5) objectives
6) Honesty
7) Leadership

Reveal Solution

Correct Answer: A

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