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CIPS L4M8 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Sourcing Process & Supplier Management | 25% | - Stages of strategic sourcing
|
| Topic 2: Ethics, Responsibility & Compliance | 25% | - Ethical and responsible sourcing application
|
| Topic 3: Whole Life Asset & Cost Management | 25% | - Total cost of ownership concept
|
| Topic 4: Application of Procurement Cycle | 25% | - Key stages of procurement cycle in practice
|
CIPS Procurement and Supply in Practice Sample Questions:
1. What Incoterm applies here?
The goods are considered 'delivered' at the point of release from the supplier's premises or another name place. The supplier is not responsible for loading or transporting the goods and does not have to arrange export clearance - this must be arranged by the buyer. The risk is on the buyer from this point.
a) EXW - Ex Works
b) FCA - Free Career
c) CPT - Carriage Paid To
d) CIP - Carriage and Insurance Paid to
A) EXW - Ex Works
B) FCA - Free Career
C) CIP - Carriage and Insurance Paid to
D) CPT - Carriage Paid To
2. Describe three ways in which a buyer could or test the market in other to assist with determining a need.
3. Describe a situation where amendment or an addendum would need to be created
4. In relation to the case study 'Walmart and H & M in spotlight regarding human rights in media ex-plain which human rights are not being granted to the workers.
5. Which type of power is most likely to be used in corruption?
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: Only visible for members | Question # 3 Answer: Only visible for members | Question # 4 Answer: Only visible for members | Question # 5 Answer: Only visible for members |
