Cips L4 M4 questions and answers rated A+ 2024/2025

Cips L4 M4Selection Criteria Examples - correct answer Quality assurance Environmental awareness + Sustainability Technical Capabilities System Capabilities Labor Standards Financial Capabilities Credit rating scores Selection criteria - correct answer The minimum requirements or standards that bidders must meet in order to progress further in the procurement exercise. Carters 10 C's - correct answer Communication Culture Consistency Competency Clean Cash Cost Commitment Control Capacity OECD - correct answer Organisation for Economic Co-operation and Development Organisation for Economic Co-operation and Development - correct answer Regulates international tax law Kazien - correct answer Japanese philosophy that focuses on continuous improvement - eliminating waste during the process. TIM WOOD - correct answer Acronym used to remember the seven wastes (Transportation, Inventory, Movement, Waiting, Overprocessing, Overproduction, Defects). ISO 9001 - correct answer ISO standard related to Quality management TQM (Total Quality Management) - correct answer A philosophy that involves everyone in an organisation in a continual effort to improve quality and achieve customer satisfaction. continuous improvement - correct answer 1. Identify 2. Plan 3.Execute 4. Review CSR policy - correct answer The responsibility of an organisation to act favourably towards the environment, contribute to the community and behave ethically Is there a legal responsibility to have a CSR policy? - correct answer There is no legal requirement to produce or have a CSR policy but it does represent good practice in the industry CSR with suppliers - correct answer A procurement professional will seek to choose suppliers that show the following behaviours: 1. Contribute positively to the environment 2. Do not pollute the atmosphere 3. Replace any natural resources they use within their supply chain 4.Giving something back to the community where they are located.