CIPS L4M1 2025/2026 Exam Questions
and Correct Answers | New Update
Stakeholders - 🧠 ANSWER ✔✔In any activity an organization undertakes,
whether strategic, operational or tactical, the activity can only be successful
with the input, commitment and support of its key stakeholders. Gaining
and maintaining the support and commitment of stakeholders requires a
continuous process of engaging the right stakeholders at the right time and
understanding and managing their expectations.
Global Supply Chains - 🧠 ANSWER ✔✔a dynamic worldwide network when
a company purchases or uses goods or services from overseas. It involves
people, information, processes and resources involved in the production,
handling and distribution of materials and finished products or providing a
service to the customer.
Whole Life Costing - 🧠 ANSWER ✔✔takes into account the total cost of a
product or service over its lifetime, from concept through to disposal
including purchase, hire or lease, maintenance, operation, utilities, training
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 1
,and disposal. It is important for procurement to take all these elements into
consideration when making decisions and comparing the costs of buying,
renting or leasing equipment particularly. In most cases the purchase costs
are only a small proportion of the cost of operating it.
Stakeholder mapping - 🧠 ANSWER ✔✔A systematic way to identify the
expectations, needs, importance, and relative power of various
stakeholders.
Value Generation - 🧠 ANSWER ✔✔Creating value from the supply base
can be achieved by not only focusing on price but also increasing
operational performance, driving efficiencies, working collaboratively or
developing continuous improvement activities.
Procurement Cycle - 🧠 ANSWER ✔✔the cyclical process of key steps when
procuring goods or services.
Steps of the Procurement Cycle - 🧠 ANSWER ✔✔1. Understand Need and
develop High level Spec.
2. Market/Commodity and options (inc make or buy assessment).
3. Develop Strategy/plan
4. Pre-procurement market test and market engagement.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 2
,5. Develop documentation, PPQ/detailed spec/combine with 1.
6. Supplier selection to participate in ITT/RFQ/negotiation.
7. Issue ITT/RFQ.
8. Bid/Tender Evaluation and validation.
9. Contract award and implementation.
10. Warehouse logistics and receipt.
11. Contract performance review and continuous improvement.
12. SRM and SC management and development.
13. Asset management/end of life and lessons learnt.
Contract Management - 🧠 ANSWER ✔✔delivers a great amount of data
and intelligence that support the smooth running of a business. Historically,
the purpose of a contract as a legal document was to protect the parties
from negative consequences of its breaches. Today, when companies are
facing increasing pressures to reduce costs and improve financial and
operational performance, forming and managing new trading relationships
is critical for success. How well an organisation manages its relationships
with partners defines the two core elements of bottom line performance:
increasing revenues and decreasing costs. ... plays an important role by
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 3
, ensuring the smooth running of operations, protecting the organisation from
risks and shaping the buyer-supplier relationships (Aberdeen Group, 2007;
Saxena, 2008).
Application of Technology - 🧠 ANSWER ✔✔E-Procurement systems can be
utilised in the Request for Information (RFI), Request for Proposal (RFP)
and Request for Quotation (RFQ) process as well as for e-Tendering, e-
Auctioning, vendor management, catalogue management, purchase
ordering, order status, shipment status, e-invoicing, e-payment and
contract management.
eSourcing / eProcurement systems P2P - 🧠 ANSWER ✔✔relates to the
electronic procurement of products or services via the internet. Other
systems such as electronic data interchange (EDI) and enterprise resource
planning (ERP) are also forms of...
International Labour Organisation - 🧠 ANSWER ✔✔The only tripartite U.N.
agency, since 1919 it brings together governments, employers and workers
of 187 member States , to set labour standards, develop policies and
devise programmes promoting decent work for all women and men.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 4
and Correct Answers | New Update
Stakeholders - 🧠 ANSWER ✔✔In any activity an organization undertakes,
whether strategic, operational or tactical, the activity can only be successful
with the input, commitment and support of its key stakeholders. Gaining
and maintaining the support and commitment of stakeholders requires a
continuous process of engaging the right stakeholders at the right time and
understanding and managing their expectations.
Global Supply Chains - 🧠 ANSWER ✔✔a dynamic worldwide network when
a company purchases or uses goods or services from overseas. It involves
people, information, processes and resources involved in the production,
handling and distribution of materials and finished products or providing a
service to the customer.
Whole Life Costing - 🧠 ANSWER ✔✔takes into account the total cost of a
product or service over its lifetime, from concept through to disposal
including purchase, hire or lease, maintenance, operation, utilities, training
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 1
,and disposal. It is important for procurement to take all these elements into
consideration when making decisions and comparing the costs of buying,
renting or leasing equipment particularly. In most cases the purchase costs
are only a small proportion of the cost of operating it.
Stakeholder mapping - 🧠 ANSWER ✔✔A systematic way to identify the
expectations, needs, importance, and relative power of various
stakeholders.
Value Generation - 🧠 ANSWER ✔✔Creating value from the supply base
can be achieved by not only focusing on price but also increasing
operational performance, driving efficiencies, working collaboratively or
developing continuous improvement activities.
Procurement Cycle - 🧠 ANSWER ✔✔the cyclical process of key steps when
procuring goods or services.
Steps of the Procurement Cycle - 🧠 ANSWER ✔✔1. Understand Need and
develop High level Spec.
2. Market/Commodity and options (inc make or buy assessment).
3. Develop Strategy/plan
4. Pre-procurement market test and market engagement.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 2
,5. Develop documentation, PPQ/detailed spec/combine with 1.
6. Supplier selection to participate in ITT/RFQ/negotiation.
7. Issue ITT/RFQ.
8. Bid/Tender Evaluation and validation.
9. Contract award and implementation.
10. Warehouse logistics and receipt.
11. Contract performance review and continuous improvement.
12. SRM and SC management and development.
13. Asset management/end of life and lessons learnt.
Contract Management - 🧠 ANSWER ✔✔delivers a great amount of data
and intelligence that support the smooth running of a business. Historically,
the purpose of a contract as a legal document was to protect the parties
from negative consequences of its breaches. Today, when companies are
facing increasing pressures to reduce costs and improve financial and
operational performance, forming and managing new trading relationships
is critical for success. How well an organisation manages its relationships
with partners defines the two core elements of bottom line performance:
increasing revenues and decreasing costs. ... plays an important role by
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 3
, ensuring the smooth running of operations, protecting the organisation from
risks and shaping the buyer-supplier relationships (Aberdeen Group, 2007;
Saxena, 2008).
Application of Technology - 🧠 ANSWER ✔✔E-Procurement systems can be
utilised in the Request for Information (RFI), Request for Proposal (RFP)
and Request for Quotation (RFQ) process as well as for e-Tendering, e-
Auctioning, vendor management, catalogue management, purchase
ordering, order status, shipment status, e-invoicing, e-payment and
contract management.
eSourcing / eProcurement systems P2P - 🧠 ANSWER ✔✔relates to the
electronic procurement of products or services via the internet. Other
systems such as electronic data interchange (EDI) and enterprise resource
planning (ERP) are also forms of...
International Labour Organisation - 🧠 ANSWER ✔✔The only tripartite U.N.
agency, since 1919 it brings together governments, employers and workers
of 187 member States , to set labour standards, develop policies and
devise programmes promoting decent work for all women and men.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 4
