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CIPS l4m8 Study guides, Class notes & Summaries
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CIPS L4M8 Exam Questions and Answers (100% Guaranteed Pass)
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CIPS L4M8 Exam Questions and Answers (100% Guaranteed Pass) 
Stage 13: Assest management/end of life 
The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier
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CIPS L4M8 Exam Questions and Answers (100% Guaranteed Pass)
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CIPS L4M8 Exam Questions and Answers (100% Guaranteed Pass)
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CIPS L4M8/L4M7/L4M4 Exam Bundle With Complete Solutions 100% Verified.
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CIPS L4M8/L4M7/L4M4 Exam Bundle With Complete Solutions 100% Verified.
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CIPS L4M7 Whole Life Asset Management Exam Questions With Verified Answers
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CIPS L4M7 Whole Life Asset Management 
Exam Questions With Verified Answers 
Causes of Obsolescence - answerTechnical Change 
Cultural Change 
Legislation 
2D Barcode - answer 
Types of Stock - answerOpening Stock 
Raw Materials 
Secondary Components 
Work in Progress 
Finished Goods 
Safety/Buffer Stock 
Stockout 
Causes of Obselence - answerTechnical Change 
Cultural Change 
Legislation 
Causes of Redundancy - answerPoor Forecasting if Demand 
Cancelled Orders due to Poor Relationship 
Oversto...
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L4M8 CIPS level 4 Glossary 2 Exam Questions With Verified Answers
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L4M8 CIPS level 4 Glossary 2 Exam 
Questions With Verified Answers 
Name the 13 stages of the procurement cycle - answer1. 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 relationshi...
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CIPS L4M8 Procurement and Supply in Practice Exam Questions With Verified Answers
- Exam (elaborations) • 6 pages • 2024
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CIPS L4M8 Procurement and Supply in 
Practice Exam Questions With Verified 
Answers 
Whole Life Asset Management - answerBased around obtaining the best value theiugbout 
the lifetime of the asset (fixed assets only) 
Value - answerValue is perceived differently by different stakeholders (finance, IT, sales, 
etc) 
WLAM 8 Elements - answerIdentify need/objectives/risk 
Procurement 
Construction 
Commissioning 
Deterioration/maintenance 
Condition performance monitoring 
Decommissioning 
Renewal/...
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CIPS L4M8 LO2 Exam Questions With Verified Answers
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CIPS L4M8 LO2 Exam Questions With 
Verified Answers 
what are the stages of ordering? - answer1) user need 
2) raise requisition 
3) approved process 
4) issue PO 
5) receive goods/service 
6) approve invoice 
what are the stages of sourcing? - answer1) understand the need 
2) develop strategy 
3) raise requisition 
4) source suppliers 
5) issue ITT/RFQ 
6) negotiate and award contract 
7) SRM/contract management 
in what locations can sourcing take place? - answer- localised 
- regional 
- nati...
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CIPS L4M8 LO3 Exam Questions With Verified Answers
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CIPS L4M8 LO3 Exam Questions With 
Verified Answers 
what is a fixed asset? - answerassets that are purchased for long-term use and not intended to 
be converted directly into cash 
what is included in whole life asset management? - answer- lessons learned feeds into 
identification of needs/specification 
- pre-acquisition costs 
- acquisition costs 
- installation and commissioning costs 
- operating costs 
- maintenance costs 
- performance/downtime monitoring 
- end of life disposal/recyclin...
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CIPS L4M8 theories Exam Questions With Verified Answers
- Exam (elaborations) • 11 pages • 2024
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CIPS L4M8 theories Exam Questions With 
Verified Answers 
Carters 10 C's - answerCompetence 
Capacity 
Commitment 
Control 
Cash 
Cost 
Consistency 
Clean 
Culture 
Communication 
CIPS relationship spectrum - supplier selection - answerAdversarial 
Arms length 
Transactional 
Bespoke 
Outsourced 
Strategic 
Collaborative 
Partnership 
Co-destiny / joint venture 
Carter's Outsource Matrix - answerStrategic Alliance - core 
Retain - core 
Eliminate 
Outsource 
TIMWOOD - answerTransportation 
Inv...
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CIPS L4M8 Exam Verified 100% Correct
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CIPS L4M8 Exam Verified 100% Correct
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