CIPS LEVEL 4 MODULE 8 EXAM QUESTIONS AND CORRECT ANSWERS LATEST UPDATE

CIPS LEVEL 4 MODULE 8 EXAM QUESTIONS
AND CORRECT ANSWERS LATEST 2025-2026
UPDATE


Name the 13 stages of the procurement cycle - Answer-1. Understand
the need.
2. Market Commodity options.
3. Develop Stratgey/ Plan.
4. Pre-procurement / market test.
5. Develop required documentation.
6. Supplier Selection.
7. Issue invitation to tender.
8. Bid / tender evaluation.
9. Contract Award.
10. Warehouse logistics & receipt.
11. Contract performance review and continuous improvement.
12. Supplier relationships / contract management.
13. Asset management / end of life.


Porters 5 Forces - Answer-*Rivalry among competitors;
*Threat of new entrants;

,*Threat of substitute products;
*Bargaining power of buyers;
*Bargaining power of suppliers;


Carters outsource matrix - Answer-Strategic Alliance
Retain
Eliminate
Outsource


Carters 10C's - Answer-Competency
Capacity
Consistancy
Control
Cost
Commitment
Cash
Clean
Culture
Communication


The continuous improvement Cycle - Answer-Identify

,Plan
Execute
Review


Kraljic Matrix - Answer-Leverage Suppliers
Strategic Suppliers
Routine Suppliers
Bottleneck Suppliers


a requisition can take the following forms - Answer-Verbal
Handwritten
E-mail
Automated


Whats is included in a requisition - Answer-Date
Description
Supplier
Quantity
When
Where
Why

, Who
Approval


MRP V ERP - Answer-Material resource planning
Enterprise resource planning


Levels of competition - Answer-Perfect competition
monopolistic competition
oligopoly
monopoly


Supplier Segmentation - Answer-Transactional
Collaborative
Strategic
Integrated


Ansoff matrix - Answer-market penetration
product development
market development
diversification