©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:08PM. A+
CIPS L4M8 Exam Questions With Correct
Answers 100% Verified.
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
1
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:08PM. A+
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
2
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:08PM. A+
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
type of Benchmarking - Answer✔Process
performance
strategic
Relationship Spectrum - Answer✔Adversarial
Arms length
Transactional
Closer tactical
3
CIPS L4M8 Exam Questions With Correct
Answers 100% Verified.
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
1
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:08PM. A+
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
Automated
Whats is included in a requisition - Answer✔Date
Description
Supplier
2
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:08PM. A+
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
type of Benchmarking - Answer✔Process
performance
strategic
Relationship Spectrum - Answer✔Adversarial
Arms length
Transactional
Closer tactical
3
