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CIPS L4M1 - Question & Answer Past exam questions latest 2023/2023
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CIPS L4M1 - Question & Answer Past exam questions latest 2023/2023
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CIPS L4M8 Chapter 1 Exam Questions With Verified Answers
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CIPS L4M8 Chapter 1 Exam Questions With 
Verified Answers 
The 13 Stages of the Procurement Cycle - answerStage 1 - Identify need and develop spec. 
Stage 2 - Market commodity/make or buy options. 
Stage 3 - Develop Strategy/Plan 
Stage 4 - Pre procurement market tests 
Stage 5 - Prepare Documentation 
Stage 6 - Supplier Selection 
Stage 7 - Send ITT 
Stage 8 - Receive & Evaluate Bids 
Stage 9 - Award contract 
Stage 10 - Warehouse/logistics prep 
Stage 11 - Contract management 
Stage 12 - Relat...
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L4M4 - Chapter 2 Exam Questions And Answers (Verified And Updated)
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L4M4 - Chapter 2 Exam Questions And 
Answers (Verified And Updated) 
How does the Pareto Principle differ to the ABC Analysis? - answerInstead of the Pareto 
80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. They are categorised 
according to their levels of importance/spend to the buying organisation. 
Figure 2.1 : 
'A' suppliers represent 20% of the total spend (these suppliers are responsible for the highest 
level of spend, most important). 
'B' sup...
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CIPS L4M7 Whole Life Asset Management Exam Questions With Verified Answers
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CIPS L4M7 Whole Life Asset Management 
Exam Questions With Verified Answers 
Causes of Obsolescence - answerTechnical Change 
Cultural Change 
Legislation 
2D Barcode - answer 
Types of Stock - answerOpening Stock 
Raw Materials 
Secondary Components 
Work in Progress 
Finished Goods 
Safety/Buffer Stock 
Stockout 
Causes of Obselence - answerTechnical Change 
Cultural Change 
Legislation 
Causes of Redundancy - answerPoor Forecasting if Demand 
Cancelled Orders due to Poor Relationship 
Oversto...
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L4M8 CIPS level 4 Glossary 2 Exam Questions With Verified Answers
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L4M8 CIPS level 4 Glossary 2 Exam 
Questions With Verified Answers 
Name the 13 stages of the procurement cycle - answer1. Understand the need. 
2. Market Commodity options. 
3. Develop Stratgey/ Plan. 
4. Pre-procurement / market test. 
5. Develop required documentation. 
6. Supplier Selection. 
7. Issue invitation to tender. 
8. Bid / tender evaluation. 
9. Contract Award. 
10. Warehouse logistics & receipt. 
11. Contract performance review and continuous improvement. 
12. Supplier relationshi...
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CIPS L4M8 Procurement and Supply in Practice Exam Questions With Verified Answers
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CIPS L4M8 Procurement and Supply in 
Practice Exam Questions With Verified 
Answers 
Whole Life Asset Management - answerBased around obtaining the best value theiugbout 
the lifetime of the asset (fixed assets only) 
Value - answerValue is perceived differently by different stakeholders (finance, IT, sales, 
etc) 
WLAM 8 Elements - answerIdentify need/objectives/risk 
Procurement 
Construction 
Commissioning 
Deterioration/maintenance 
Condition performance monitoring 
Decommissioning 
Renewal/...
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CIPS L4M8 LO2 Exam Questions With Verified Answers
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CIPS L4M8 LO2 Exam Questions With 
Verified Answers 
what are the stages of ordering? - answer1) user need 
2) raise requisition 
3) approved process 
4) issue PO 
5) receive goods/service 
6) approve invoice 
what are the stages of sourcing? - answer1) understand the need 
2) develop strategy 
3) raise requisition 
4) source suppliers 
5) issue ITT/RFQ 
6) negotiate and award contract 
7) SRM/contract management 
in what locations can sourcing take place? - answer- localised 
- regional 
- nati...
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CIPS L4M8 LO3 Exam Questions With Verified Answers
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CIPS L4M8 LO3 Exam Questions With 
Verified Answers 
what is a fixed asset? - answerassets that are purchased for long-term use and not intended to 
be converted directly into cash 
what is included in whole life asset management? - answer- lessons learned feeds into 
identification of needs/specification 
- pre-acquisition costs 
- acquisition costs 
- installation and commissioning costs 
- operating costs 
- maintenance costs 
- performance/downtime monitoring 
- end of life disposal/recyclin...
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CIPS L4M8 theories Exam Questions With Verified Answers
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CIPS L4M8 theories Exam Questions With 
Verified Answers 
Carters 10 C's - answerCompetence 
Capacity 
Commitment 
Control 
Cash 
Cost 
Consistency 
Clean 
Culture 
Communication 
CIPS relationship spectrum - supplier selection - answerAdversarial 
Arms length 
Transactional 
Bespoke 
Outsourced 
Strategic 
Collaborative 
Partnership 
Co-destiny / joint venture 
Carter's Outsource Matrix - answerStrategic Alliance - core 
Retain - core 
Eliminate 
Outsource 
TIMWOOD - answerTransportation 
Inv...
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L4M8 Procurement & Supply in Practice Exam Questions And Answers (Verified And Updated)
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L4M8 Procurement & Supply in Practice 
Exam Questions And Answers (Verified And 
Updated) 
How many stages are there within the CIPS Procurement Cycle? - answerThe CIPS 
procurement cycle has 13 stages: 
1. Understand need and develop a high-level specification. 
2. Market/commodity options including make-versus-but assessment. 
3. Develop strategy/plan. 
4. Pre-procurement market tests and market engagement. 
5. Development of required documentation, e.g. request for quotation (RFQ). 
6. Suppli...
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CIPS L4M8 Chapter 1 Exam Questions With Verified Answers
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CIPS L4M8 Chapter 1 Exam Questions With 
Verified Answers 
The 13 Stages of the Procurement Cycle - answerStage 1 - Identify need and develop spec. 
Stage 2 - Market commodity/make or buy options. 
Stage 3 - Develop Strategy/Plan 
Stage 4 - Pre procurement market tests 
Stage 5 - Prepare Documentation 
Stage 6 - Supplier Selection 
Stage 7 - Send ITT 
Stage 8 - Receive & Evaluate Bids 
Stage 9 - Award contract 
Stage 10 - Warehouse/logistics prep 
Stage 11 - Contract management 
Stage 12 - Relat...