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CIPS L4M8 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Procurement Process and Procedures | 25-30% | - Requirements gathering and specification - Purchase ordering and goods receipt - Contract award criteria - Supplier selection methods - Procurement cycle stages |
| Strategic Sourcing and Category Management | 20-25% | - Supplier segmentation and criticality analysis - Strategic sourcing process - Spend analysis techniques - Category segmentation |
| Supplier Relationship Management | 20-25% | - Risk management in supplier relationships - Supplier development and improvement - Supplier performance measurement (KPI, scorecards) - Supplier relationship types - Partnership and collaboration models |
| Ethical and Sustainable Procurement | 15-20% | - Environmental sustainability in procurement - Supply chain transparency - Ethical sourcing considerations - Modern slavery and fair trade - Corporate Social Responsibility (CSR) |
| Practical Application Scenarios | 15-20% | - Applying theory to real-world procurement situations - Case study analysis - Recommendation and justification skills - Problem-solving and decision-making |
CIPS Procurement and Supply in Practice Sample Questions:
Describe three benefits of working cross-functionally
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
Working cross-functionally is the involvement of all departments involved in an organization to contribute knowledge, skills and innovation towards adding value of achieving the organization's strategic goal. All functions may include; procurement, maintenance, marketing, finance, human resources working together in procurement activity to come up with the best strategy or selecting the supplier that best suit the organization.
When working cross functionally, members of the organization gives support by believing in the end goal, assist during difficult time, help troubleshoot any issue, providing the required resources and sharing information.
Explain why you think quality should be investigated before working with potential supplier?
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
Quality is fitness for purpose. It is important that quality is investigated by procurement professionals before forming relationship with potential supplies.
If quality is not investigated before selecting supplier the organization might stand the risk of facing the following disadvantages; Reputational Damages Cost of Rework Cost of Downtime Cost of Material Cost of being stocked with the wrong supplier Cost of being stocked in a project that may not come to an end at the forecasted time.
How buyer can choose a supplier with a good quality culture is first by defining the quality of the product or services to be carried out .Having knowledge of the product or service quality, supplies can rightly select and evaluated supplier with total quality management (TQM) in their system, ISO 9001 accreditation. TQM includes everyone in the organization with knowledge on the required quality; there would be little or no rejection/reworks. Thus is an added value to the organization.
What is the retention of title clause also known as?
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
Retention of title (ROT) states when ownership transfers from supplier to buyer.
The retention of title terms also referred to as the Romalpa clause, which is related to a legal case from 1976 between Aluminum industries Vaassen BV and Romalpa Aluminum LTD
What potential costs could an organization face if it fails to conduct Due diligence effectively?
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
Though strong due diligence procurement professionals can assess which suppliers or potential suppliers appear to meet the criteria associated with ethical practice.
Prior to the contract being awarded, strong due diligence can save the organization from the following cost:
1) Cost of reputation
2) Environmental damage
3) Stakeholders dissatisfaction,
4) poor quality and rework
5) Breach of contract
6) Ethical concerns
Which products or services should not be considered for outsourcing, according to Carter's out-sourcing matrix
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
Carters outsource matrix is a useful tool that procurement professionals uses to decide which products or services has a high or low contribution to the organization operation performance and its strategic importance.
The matrix segments products/services into four quadrants. These are Eliminate, outsource, strategic alliance and retain.
According to Carters outsource matrix, all product/services that has a high strategic importance should not be outsourced. They should rather be retained in house or carefully chose suitable sup-pliers and go into strategic alliance.
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