CIPS L4M8 Test Passed : Procurement and Supply in Practice

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CIPS L4M8 Exam Syllabus Topics:

CIPS Procurement and Supply in Practice Sample Questions:

1. Which type of power is most likely to be used in corruption?

2. Describe a current or recent trade war of which you are aware and explain the implication it has for world trade.

3. Justify which of the five approaches to condition performance monitoring you think is the most cost effective within whole life asset management.

4. Analyse THREE benefits and TWO limitations of implementing structured procurement policies, processes and procedures at Nexar Consulting. (25 Marks) Nexar Consulting Nexar Consulting is a rapidly growing organisation that offers consultancy services across various sectors, including defence, aerospace, agriculture and education. Due to its expansion, Nexar has significantly increased its spending on recruitment, research, software and hardware infrastructure technology, and it has utilised numerous specialised subcontractors. During several internal meetings, a financial analyst has expressed concerns to Nexar colleagues about the current unpredictability of expenditures and the general inefficiency and ad hoc nature of the sourcing and procurement processes. The analyst pointed out that these issues prevent the company from meeting its strategic objectives efficiently and effectively. Despite the analyst's explanations that resources, time, and money are being wasted, colleagues continue to focus on their individual goals.
Some colleagues argue that there are some advantages to the existing informal methods but there is no formal data to back up these statements. The financial analyst plans to formally address these concerns with the CEO and directors at the upcoming board meeting. They have proposed the appointment Of a dedicated procurement team to develop and implement structured procurement policies, processes and procedures in line with a recognised set of procurement frameworks, such as those put forward by CIPS. However, the analyst knows they need to present a compelling business case to gain full support from the board for this initiative to be undertaken.

5. What is a cross function team?

Solutions: