CIPS level 4 Module 8 UPDATED ACTUAL Exam Questions and CORRECT Answers

CIPS level 4 Module 8
UPDATED ACTUAL Exam
Questions and CORRECT
Answers




**Q1: Name all stages of the Procurement Cycle.**



The 13 stages are:

1. Understand need and develop a high-level specification

2. Market/commodity options, including make vs. buy assessment

3. Develop strategy/plan

, 4. Pre-procurement market tests and market engagement

5. Development of required documentation (e.g., RFQ)

6. Supplier selection to participate in an Invitation to Tender (ITT)

7. Issue ITT/RFQ

8. Bid/tender/quotation evaluation and validation

9. Contract award and implementation

10. Warehouse logistics and receipt

11. Contract performance review and continuous improvement

12. Supplier relationship/contract management

13. Asset management/end of life



**Q2: What should you consider during the pre-procurement market tests and market engagement?**



- Stakeholder engagement for feedback

- Supplier engagement

- Market research

- Any new legislation/regulations

- Currency fluctuations

- Competitors' actions



**Q3: What is the difference between a performance specification and a technical/conformance
specification?**



- **Performance Specification:** Specifies what the product or service will do or achieve (outputs
required, tolerances, and functions).

- **Technical/Conformance Specification:** Specifies which standards a requirement must meet or
exceed.