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Exam Code:	L4M8
Exam Name:	Procurement and Supply in Practice
Certification Provider:	CIPS
Free Question Number:	84
Version:	v2026-08-01
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Exam Question List: Question 1: Explain how procurement should decide whether to make or buy...; Question 2: Explain the concept of the 3Ps/TBL and how it can be used by...; Question 3: What is a cross function team?; Question 4: What is CSR policy?; Question 5: Describe five types of contract terms that a procurement pro...; Question 6: Which four procurement cycle stages happen after the award o...; Question 7: Explain how a lack of understanding of a global supplier's c...; Question 8: Explain with examples three differences between offers and i...; Question 9: Describe four factors that could damage reputation within th...; Question 10: Describe one implied term and one expressed term from a cont...; Question 11: What are the eight elements of whole life asset management?...; Question 12: Which Incoterm applies here? The supplier is responsible for...; Question 13: Create two KPIs and two SLAs for a contract with which you a...; Question 14: What is the method of monitoring suppliers?...; Question 15: How does positive social impact present itself?...; Question 16: Maximum Score: 25 (a) Outline the financial data that can be...; Question 17: What is business case?; Question 18: Write down a list of assets that belong to an organization w...; Question 19: When benchmarking what other factors, apart from price shoul...; Question 20: What are the ILO and ETI?; Question 21: What is needed for a contract to be binding?...; Question 22: How can procurement professionals select suppliers?...; Question 23: What are the definition of a new buy and a modified re-buy?...; Question 24: Explain the concept of the 3Ps/TBL and how it can be used by...; Question 25: What does the acronym SMART stand for?...; Question 26: Describe the seven stages of the Tender Process and explain ...; Question 27: Which theory relates to the 3Ps...; Question 28: Describe a current or recent trade war of which you are awar...; Question 29: What are advantages and disadvantages of the two types of sp...; Question 30: Explain the difference between bonded and forced labor....; Question 31: What matrix helps to define how to manage stakeholders?...; Question 32: Explain why it is deemed better to use Sea freight rather th...; Question 33: Which Incoterm applies here? The supplier is responsible for...; Question 34: Describe two negative factors associated with ordering exces...; Question 35: Describe the seven stages of the Tender Process and explain ...; Question 36: Describe two ways in which an organization with which you ar...; Question 37: What is the retention of title clause also known as?...; Question 38: What advantages could there be to holding excessive inventor...; Question 39: What are five recognized types of modern slavery?...; Question 40: What are the 3Ps in the triple bottom line....; Question 41: What are Carter's 10Cs?; Question 42: Which products or services should not be considered for outs...; Question 43: Explain why you think quality should be investigated before ...; Question 44: What Incoterm applies here? The goods are considered 'delive...; Question 45: Explain why risk should be evaluated prior to the disposal o...; Question 46: What are the four stages of decommissioning?...; Question 47: Explain which company you would award the contract to base o...; Question 48: What is depreciation and deterioration?...; Question 49: Describe three ways that hidden cost could present themselve...; Question 50: What topics are covered within ethics?...; Question 51: What is the retention of title clause also known as?...; Question 52: Describe three types of fraud that could occur within the su...; Question 53: What is contract performance review and continuous improveme...; Question 54: Explain how procurement should decide whether to make or buy...; Question 55: Which Incoterm applies here? The supplier is responsible for...; Question 56: What is contract performance review and continuous improveme...; Question 57: What are the four quadrants within the Kraljic portfolio mat...; Question 58: Describe a situation where amendment or an addendum would ne...; Question 59: Describe three ways in which a buyer could or test the marke...; Question 60: What are the four quadrants in the Mendelow stakeholder matr...; Question 61: Think of a supply chain with which you are familiar and dist...; Question 62: Describe one qualitative and one quantitative measures of so...; Question 63: In relation to the case study 'Walmart and H & M in spot...; Question 64: When benchmarking what other factors, apart from price shoul...; Question 65: What are five recognized types of modern slavery?...; Question 66: The supplier is responsible for delivering the goods to a na...; Question 67: Create a list of primary and secondary Data sources?...; Question 68: Maximum Score: 25 Examine FIVE methods OrganiBake could use ...; Question 69: Why is it important to keep ethical codes of practice up to ...; Question 70: What is Decommissioning?; Question 71: Which Incoterm applies here? The supplier is responsible for...; Question 72: What are the ILO and ETI?; Question 73: Write all of factors that contribute towards value for a pro...; Question 74: Which Incoterm applies here? The supplier is responsible for...; Question 75: Explain how influencing, can relate to corruption within pro...; Question 76: Create a list of primary and secondary Data sources?...; Question 77: KPI should be written to match which area of an organization...; Question 78: What is commissioning?; Question 79: KPI should be written to match which area of an organization...; Question 80: What are the reasons that a contract can legally be terminat...; Question 81: What are the definition of a new buy and a modified re-buy?...; Question 82: What is Iso 14001?; Question 83: Which contract term contains details of when a product or se...; Question 84: What matrix helps to define how to manage stakeholders?...

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