CIPS L4M8 Exam Topics

CIPS L4M8 Exam Overview :

Exam Name:	Procurement and Supply in Practice
Exam Code:	L4M8
Certifications:	CIPS Level 4 Diploma in Procurement and Supply Certification
See Expected Questions:	CIPS L4M8 Expected Questions in Actual Exam

CIPS L4M8 Exam Objectives :

Section	Objectives
1.0 Demonstrate the application of the procurement cycle	1.1 Apply the key stages of the procurement cycle to the practical procurement and supply environment The practical application of the CIPS Procurement Cycle: Defining business need, Market analysis and testing, Supplier evaluation, Tendering processes, Supplier and stakeholder management
2.0 Demonstrate the application of the key stages of the sourcing process	2.1 Apply the key stages of the sourcing process to the practical procurement and supply environment Stages of the sourcing process: Creation of contract terms, Supplier selection, Contract award Contract or supplier management
3.0 Demonstrate the application of whole life assetmanagement	3.1 Apply whole life asset management to the practical procurement and supply environment Include all costs – purchase price through to disposal and end-of-life Hidden costs – global sourcing, risks associated with extended supply chain Only develop for larger purchases Ensure senior management support Cross functional support – ensure access to data Team working – reduce data collection time Decommissioning Removal or disposal processes Legal aspects – waste management
4.0 Demonstrate the application of ethical and responsible sourcing within an organisation	4.1 Apply ethical and responsible sourcing to the practical procurement and supply environment Bribery, Corruption, Fraud, Human rights, Modern slavery Application of the CIPS Code of Conduct Ethical codes of practice Environmental factors Supporting information on ethical practices in supplier quotations and tenders Supplier monitoring and KPIs The triple bottom line – profit, people and planet Adopt sustainable practices, standards and specifications in the supply chain Consider the social impact of the organisation’s behaviours. Expand reporting frameworks to include ecological and social performance

Updates in the CIPS L4M8 Exam Topics:

CIPS L4M8 exam questions and practice test are the best ways to get fully prepared. Study4exam's trusted preparation material consists of both practice questions and practice test. To pass the actual Level 4 Diploma in Procurement and Supply L4M8 exam on the first attempt, you need to put in hard work on these questions as they cover all updated CIPS L4M8 exam topics included in the official syllabus. Besides studying actual questions, you should take the CIPS L4M8 practice test for self-assessment and actual exam simulation. Revise actual exam questions and remove your mistakes with the Procurement and Supply in Practice L4M8 exam practice test. Online and Windows-based formats of the L4M8 exam practice test are available for self-assessment.

Limited Time Offer

50%

Off

Get Premium L4M8 Questions as Interactive Practice Test or PDF