CIPS level 4 Module 8
UPDATED ACTUAL Exam
Questions and CORRECT
Answers
**Q1: Name all stages of the Procurement Cycle.**
The 13 stages are:
1. Understand need and develop a high-level specification
2. Market/commodity options, including make vs. buy assessment
3. Develop strategy/plan
, 4. Pre-procurement market tests and market engagement
5. Development of required documentation (e.g., RFQ)
6. Supplier selection to participate in an Invitation to Tender (ITT)
7. Issue ITT/RFQ
8. Bid/tender/quotation evaluation and validation
9. Contract award and implementation
10. Warehouse logistics and receipt
11. Contract performance review and continuous improvement
12. Supplier relationship/contract management
13. Asset management/end of life
**Q2: What should you consider during the pre-procurement market tests and market engagement?**
- Stakeholder engagement for feedback
- Supplier engagement
- Market research
- Any new legislation/regulations
- Currency fluctuations
- Competitors' actions
**Q3: What is the difference between a performance specification and a technical/conformance
specification?**
- **Performance Specification:** Specifies what the product or service will do or achieve (outputs
required, tolerances, and functions).
- **Technical/Conformance Specification:** Specifies which standards a requirement must meet or
exceed.
UPDATED ACTUAL Exam
Questions and CORRECT
Answers
**Q1: Name all stages of the Procurement Cycle.**
The 13 stages are:
1. Understand need and develop a high-level specification
2. Market/commodity options, including make vs. buy assessment
3. Develop strategy/plan
, 4. Pre-procurement market tests and market engagement
5. Development of required documentation (e.g., RFQ)
6. Supplier selection to participate in an Invitation to Tender (ITT)
7. Issue ITT/RFQ
8. Bid/tender/quotation evaluation and validation
9. Contract award and implementation
10. Warehouse logistics and receipt
11. Contract performance review and continuous improvement
12. Supplier relationship/contract management
13. Asset management/end of life
**Q2: What should you consider during the pre-procurement market tests and market engagement?**
- Stakeholder engagement for feedback
- Supplier engagement
- Market research
- Any new legislation/regulations
- Currency fluctuations
- Competitors' actions
**Q3: What is the difference between a performance specification and a technical/conformance
specification?**
- **Performance Specification:** Specifies what the product or service will do or achieve (outputs
required, tolerances, and functions).
- **Technical/Conformance Specification:** Specifies which standards a requirement must meet or
exceed.
