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CIPS L4M8 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Practical Application Scenarios | 15-20% | - Recommendation and justification skills - Problem-solving and decision-making - Case study analysis - Applying theory to real-world procurement situations |
| Supplier Relationship Management | 20-25% | - Risk management in supplier relationships - Supplier development and improvement - Supplier performance measurement (KPI, scorecards) - Supplier relationship types - Partnership and collaboration models |
| Strategic Sourcing and Category Management | 20-25% | - Strategic sourcing process - Spend analysis techniques - Supplier segmentation and criticality analysis - Category segmentation |
| Procurement Process and Procedures | 25-30% | - Purchase ordering and goods receipt - Contract award criteria - Procurement cycle stages - Requirements gathering and specification - Supplier selection methods |
| Ethical and Sustainable Procurement | 15-20% | - Ethical sourcing considerations - Environmental sustainability in procurement - Corporate Social Responsibility (CSR) - Modern slavery and fair trade - Supply chain transparency |
CIPS Procurement and Supply in Practice Sample Questions:
What are the four quadrants within the Kraljic portfolio matrix?
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
At the early stages In procurement and supply cycle, buyers begin segmenting current supplies in the categories, depending on their level of integration into the organization. To help get this done, the buyer may use the Kraljic portfolio matrix. The kraljic portfolio matrix segment suppliers into four categories, which are;
1) Routine 2) Bottleneck 3) Leverage 4)strategic supplier
* Refer to the question column for response
Describe a current or recent trade war of which you are aware and explain the implication it has for world trade.
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
Trade war is an economic conflict where countries make it difficult for global trading to happen. Trade wars can make importing products to a country very expensive. A recent example is the US-China trade war; prices were raised on us-built vehicles exported to China. This affected consumer the most as there was an upshot of price.
Describe a situation where amendment or an addendum would need to be created
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
After all the due diligence is carried out, before awarding contract to the best supplier, sometimes procurement professionals find themselves in some problem solving situation; this might have been emanated from supplier facing a financial challenge or problems from external environment. Responding to this might require an amendment or an addendum, depending on the case in hand.
An amendment is for a physical change in the existing contract for example; if a contract contains a negotiated and agreed fixed price for the period of the contract but unexpected market forces such as an economic down turn or force majeure occur, the supplier may have to request an amendment order to continue to make a profit.
An addendum is when an additional document is added to the existing contract for example, If a contract have a schedule of rates and the market forces prices up, an addendum can be added to an existing contract with a revised schedule. Once accepted, the addendum becomes part of the con-tract. Addendum are physically used when the forecasted cost of a project rises and approval is needed to increase the contract spend.
Describe four factors that could damage reputation within the supply chair
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
The reputation of all the organizations within a supply chain is linked. A Company's reputation is an intangible asset that can contribute to the failure of an organization if damaged. Factors that could damage organizational reputation within the supply chain are;
1. Quality: if the product or service quality is poor the organization may not satisfy it customers and this can lead to a loss of reputation in the market. For example, a residential building construction company contracting a supplier that would do a bad job which in three months may require home owners to reinstall new doors.
2. Sustainability: if the organization is not replenishing that which it is extracting, it will some day run out of business or probably loss loyal customers. For example a drilling company that spills hydrocarbon as it drills.
3. Fit for purpose: if an organization produce a product or carry out services that are not fit for purpose, it may run at loss for there will be so much rejection and rework. This can lead to customers switching to another organization which product or services are fit for their purpose.
4. Contract management: an organization will have to manage its suppliers and the contracts to ensure they are delivering what they were contracted to do. A poor contract management is a waste in the process of delivery that can lead to reputational loss.
What is business case?
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
A business case is a document containing the justification and the commercial benefits achievable for a potential project or an identified need, for example, the purchase of a capital equipment, con-struction of an additional warehouse or procuring more innovative software to replace the current on in use.
The essence of the business case is to obtain support and get buy-in from senior management.
In order to gain authority to apply whole life asset management a business case will need to be created and presented. A developed business case will cover the following element.
1) Introduction: Outline of what the business case is all about
2) Objective: Explanation of what the business case desired outcome is.
3) Approach that will be undertaken
4) List of resources required
5) Benefits of achieving the objective
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