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CIPS L4M8 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Practical Application Scenarios | 15-20% | - Applying theory to real-world procurement situations - Recommendation and justification skills - Problem-solving and decision-making - Case study analysis |
| Topic 2: Ethical and Sustainable Procurement | 15-20% | - Modern slavery and fair trade - Supply chain transparency - Corporate Social Responsibility (CSR) - Ethical sourcing considerations - Environmental sustainability in procurement |
| Topic 3: Procurement Process and Procedures | 25-30% | - Purchase ordering and goods receipt - Supplier selection methods - Requirements gathering and specification - Procurement cycle stages - Contract award criteria |
| Topic 4: Supplier Relationship Management | 20-25% | - Supplier relationship types - Supplier development and improvement - Risk management in supplier relationships - Partnership and collaboration models - Supplier performance measurement (KPI, scorecards) |
| Topic 5: Strategic Sourcing and Category Management | 20-25% | - Category segmentation - Supplier segmentation and criticality analysis - Strategic sourcing process - Spend analysis techniques |
CIPS Procurement and Supply in Practice Sample Questions:
Why is it important to have adequate procedures in place within an organization in relation to bribery?
See the answer in explanation.
Explanation:
Bribery is the act of giving someone something of value to persuade them to do something that benefits you.
Ethical and responsible sourcing requires conducting due diligence on bribery before going into contractual relationship because failure to this might lead to loss in reputation.
In other for an organization to defend itself against a case of suspected bribery, the United Kingdom bribery Act introduced in 2010 suggests that organizations should have adequate procedures' in place.
The following are six procedures an organization should have in place to be able to defend itself against bribery
1) Proportionate procedure
2) Top level commitment
3) risk assessment
4) due diligence
5) communication
6) monitoring and reviewing
When should whole life asset management be applied?
See the answer in explanation.
Explanation:
When organization has made the decision about which option is best for sourcing the asset, it can then begin to work on the whole life asset management strategy.
Whole life asset management is the process of evaluating the total price and all associated costs of a product to make an informed decision as to which option will provide the organization with the best value for money.
This strategy is only under taken for large-value procurements because; 1) It takes considerable time (2) It involves many stakeholders and require numerous resources; If whole life asset management were conducted on every purchase it would not create value for the organization and that may tie up valuable resources.
Which four procurement cycle stages happen after the award of the contract?
See the answer in explanation.
Explanation:
The procurement cycle is the heart of purchasing, sourcing and supplying and should be followed in day-to- day practice in the industry. The procurement cycle has thirteen stages. Contract award is stage 9, and the stages after the contract award are; Stage 10: ware house, logistic and receipt Stage 11: Contract performance review and continuous improvement Stage 12: SRM/SCM and contract management Stage 13: Asset management, lessons learned, end of life.
Which type of power is most likely to be used in corruption?
See the answer in explanation.
Explanation:
The abuse of power within the supply chain can be linked to corruption. If individuals with seniority favor one supplier over another, they can exercise their power to award the contract to whoever they wish.
According to CIPS code of conduct, this is not acceptable.
According to French and Raven, there are five types of power (Legitimate power, Reward, Expert, Referent and Coercive), and these powers can most likely be used in corruption.
What are the 3Ps in the triple bottom line.
See the answer in explanation.
Explanation:
Trying to measure how sustainable an organization was use to be challenging undertaking. However, during the 1990s, a concept brought up by American John Elkington change the way sustainability was measured.
This framework is known as the triple bottom line (TBL) and measures sustainability in relation to organizational performance and investment against the 3Ps (1) Profits (2) People (3) Planet. For example; Profit: A packaging manufacturer reinvesting its profits in State- of-the-art recycling machinery for it wasted cardboard.
People: A large privately owned call centre donate its end of life computers to a local youth clubs and social groups to help gain internet cases.
Planet: A driving instructors using only hybrid vehicles to teach her learners, thus to reducing Co2 emission.
* Refer to the question column for response
