CIPS L4M1 Exam Topics
CIPS L4M1 Exam Overview :
| Exam Name: | Scope and Influence of Procurement and Supply |
| Exam Code: | L4M1 |
| Certifications: | CIPS Level 4 Diploma in Procurement and Supply Certification |
| See Expected Questions: | CIPS L4M1 Expected Questions in Actual Exam |
CIPS L4M1 Exam Objectives :
| Section | Objectives |
|---|---|
| Understand and analyze how procurement and supply chain management can add value | This section of the exam covers how to compare procurement and supply chain management, analyze how procurement and supply can add value, describe what an organization might buy, and identify different people affected by procurement or supply chain work. |
| Know and study the main steps for buying goods or services | In this section of the exam, focus is given to each part of the CIPS Procurement Cycle; study how each stage of the CIPS Procurement Cycle adds valueExplain how computer systems can help in different parts of buying and study how following rules relates to getting good results |
| Understand and analyze how an organization's setup affects procurement and supply chain work | This section explains how corporate governance affects procurement or supply chain, analyzes how organization policies affect procurement and supply, looks at different ways to organize procurement or supply chain work, and explains common computer systems used in procurement or supply chain. |
| Understand and analyse the need for compliance with requirements when undertaking procurement activities in different sectors | This section of the exam covers how to sort different economic and industrial sectors, analyze how the public sector affects procurement and supply chain, looks at how the private sector affects procurement or supply chain, and Look at how not-for-profit or third sector affects procurement or supply chain. |
| Understand and analyse the added value through procurement and supply chain management | This section evaluates a supply chain manager's ability to recognize value-adding outcomes in procurement and supply. It assesses skills in quantifying cost reductions, enhancing service quality, and fostering innovation. The exam also tests knowledge of procurement and supply processes that enhance overall value. |
| Understand and analyse the key steps when procuring goods or services | This portion examines the proficiency of purchasing managers and procurement officers in recognizing and assessing various phases of the sourcing process. It covers planning, vendor selection, and contract administration skills. |
| Understand and analyse organisational infrastructure related to supply chain functions | This segment gauges the capabilities of supply chain strategists and organizational analysts in comprehending corporate governance, policy documentation, accountability measures, and ethical considerations. It also evaluates understanding of how organizational policies and procedures influence procurement and supply strategies, manuals, and internal departmental involvement. |
| Understand and analyse the need for compliance | This section tests compliance officers' and sector-specific procurement managers' understanding of various economic and industrial sectors, including public, private, non-profit, manufacturing, retail, construction, financial, agricultural, and service industries. It assesses knowledge of public sector impacts on procurement and supply chain activities, including objectives, regulations, competition, accountability, and value for money. Additionally, it covers private sector influences on procurement and supply chain operations, focusing on goals, regulations, and brand significance. |
| Official Information | https://www.cips.org/qualifications/diploma-in-procurement-supply/scope-and-influence-of-procurement-and-supply |
Updates in the CIPS L4M1 Exam Topics:
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