CIPS L4M8 DUMPS PDF TO GAIN BRILLIANT RESULT (2025)

CIPS L4M8 Dumps PDF To Gain Brilliant Result (2025)

CIPS L4M8 Dumps PDF To Gain Brilliant Result (2025)

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Tags: Valid L4M8 Exam Cost, L4M8 Exam Objectives, Latest L4M8 Exam Price, Exam L4M8 Simulator Free, New L4M8 Test Vce Free

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CIPS L4M8 exam is an objective assessment of the candidate's knowledge and skills in procurement and supply chain management. L4M8 exam consists of 60 multiple-choice questions, which are designed to test the understanding of procurement and supply chain management concepts, theories, and practices. L4M8 Exam is computer-based and is available globally at Pearson VUE test centers. Candidates have two hours to complete the exam.

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L4M8 Exam Objectives - Latest L4M8 Exam Price

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CIPS L4M8 Exam is assessed through a three-hour written examination, consisting of six questions that are based on pre-released case study material. The case study material is typically set in a real-world context, which allows candidates to apply their knowledge and understanding to practical situations. L4M8 exam is designed to assess candidates’ ability to analyze, synthesize, and evaluate information, and to demonstrate their understanding of the key concepts and principles of procurement and supply management.

CIPS L4M8 (Procurement and Supply in Practice) Exam is an essential qualification for professionals who want to pursue a career in procurement and supply management. It is a comprehensive exam that covers various aspects of procurement and supply, including contract management, stakeholder management, and supplier relationship management. L4M8 exam is designed to test the candidate's knowledge and skills in these areas, making it an essential qualification for anyone looking to advance their career in procurement and supply.

CIPS Procurement and Supply in Practice Sample Questions (Q64-Q69):

NEW QUESTION # 64
What are the definition of a new buy and a modified re-buy?

Answer:

Explanation:
A new buy is the purchase of goods and services by an organization or an individual for its first time. For example a transport organization for the very first time contracting the purchase of a Lorry out to an external supplier. In situations like this, it is advisable to start the procurement cycle from the very first stage. Which is understanding the need and developing high level specification.
Modified re-buy is the purchase of goods or services that an organization has bought before there was a need but with changes to the specification or supplier or quantity or quality. In carrying out modified re-buy, procurement professional should start from the very first stage of the procurement cycle to justify the added need and follow through. Not in all cases that buyer would have to start from understanding the need. In a situation where the changes required is a change of supplier, the organization will start from its preferred suppliers list and contract the next ranking supplier as the case may be.


NEW QUESTION # 65
What are the four methods that can be used to try to resolve dispute?

Answer:

Explanation:
Conflict or dispute is the final area a procurement professional considers when creating terms for a contract with a supplier. If conflict or dispute arises, there must be a process put in place in the contract to try to resolve it and these includes; a) Negotiation, b) mediation, c) arbitration and d) litigation.
Negotiation is usually carried out between senior people within organization that are in conflict, if they cannot reach an agreement through negotiation, mediation is the next stage, mediation is when a third party tries to help find a resolution among the parties in dispute. If mediation fails arbitration can start, arbitration involve independent professionals (arbitrators) working with all the party to try to reach an agreement. Parties do not have a formal or legal obligation to follow the arbitrator's recommendation. Arbitration is expensive. If arbitration fails to resolve the conflict, the final stage is litigation, litigation takes time and money, and most people avoid it. It is a legal process where a court decides on the outcome of the dispute. The judge's ruling is final.


NEW QUESTION # 66
What is CSR policy?

Answer:

Explanation:
Corporate Social responsibility (CSR) policies state how organizations aim to contribute towards the community and how an organization portrays itself towards social impacts.


NEW QUESTION # 67
Explain how influencing, can relate to corruption within procurement.

Answer:

Explanation:
Influencing is the capacity to be able to change behavior or opinions, either consciously or subconsciously.
As outlined by Yukl and falbets work from 1990 influencing can relate to corruption within pro-curement in these six ways.
1)A party can be assertive (forceful, directive, using deadlines),
2) Ingratiating i.e. using charm and flattery.
3) Exchange-Trading favors,
4) Upward appeal (requesting input for senior management not only that influencing can come as
5) Coalition; team members uniting for support.
5) Rational persuasion, i.e. bringing in logic and facts for clarification.


NEW QUESTION # 68
Which Incoterm applies here?
The supplier is responsible for delivering the goods to a copyright or to an intermediate agreed place and should ensure that the goods have at least minimal insurance cover until this point. Again, the buyer is responsible for ensuring these goods reach their named destination from here.

  • A. EXW - Ex Works
  • B. CPT - Carriage Paid To
  • C. FCA - Free Career
  • D. CIP - Carriage and Insurance Paid to

Answer: D


NEW QUESTION # 69
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L4M8 Exam Objectives: https://www.2pass4sure.com/CIPS-Level-4-Diploma-in-Procurement-and-Supply/L4M8-actual-exam-braindumps.html

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