- Study guides, Class notes & Summaries

This document includes the most recent set of questions and answers for the CIPS Level 3 Module 3 exam. It covers key procurement, supply chain, and contract management concepts required for successful completion. The material is updated to reflect current exam content and supports targeted preparation for learners.

This document contains a complete set of questions and answers for CIPS Level 3 Module 1. It covers essential procurement and supply chain concepts, procedures, and knowledge areas required for successful exam preparation. The material is structured to support focused study and ensures learners understand key topics assessed in the module.

This document provides a comprehensive set of updated questions and answers for the CIPS certification exam. It covers key procurement, supply chain, and business concepts required for effective exam preparation. The material reflects the latest updates to ensure learners study with current and relevant content.

CIPS L4M2 DEFINING BUSINESS NEED ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Types of Purchases - Answer -new buy, straight rebuy, modified rebuy Straight rebuy purchase - Answer -Routine purchases of the same products under approximately the same terms of sale Modified rebuy purchase - Answer -When new-task purchases are changed on repeat orders or straight rebuy purchases are modified New purchase - Answer -A purchase of an item for the first timeNeed assistance on Online clas...

L4M2 - CIPS: DEFINING BUSINESS NEED ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Acceptance Testing - Answer -A form of testing used to determine if the requirements of a specification or contract are met Accrual - Answer -An adjustment made to a set of financial accounts to reflect activity that has occurred but for which cash has not yet been received or paid Annual Planning Cycle - Answer -Planning involves a number of activities, such as analysis of o

CIPS L4M2 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Re-buy - Answer -It is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place Modified Buy - Answer -Review of existing contract requirements and making any necessary amendments such as to build additional benefits, streamline the business or to establish new KPIs/SLAs. Where some of the specification or requirements have changed. New Buy - Answ...

CIPS L4M8 EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Stage 13: Assest management/end of life - Answer -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 Anti-bribery procedures - Answer...

2025/2026 L4M3 - CIPS: COMMERCIAL CONTRACTING ACTUAL QUESTIONS AND 100% CORRECT ANSWERS Ad-Hoc Purchase - Answer -An item bought for a single and nonrecurring use or purpose Alternative Dispute Resolution (ADR) - Answer -Any method of resolving a dispute between two parties which does not involve court action, including escalation to higher levels of authority, mediation, adjudication and arbitration

CIPS L4M8 CHAPTER 2 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Sourcing involves - Answer -identifying and vetting those suppliers who are able to supply the product or service, as required in a specification from a procurement professional Different stages of Ordering - Answer -- User need - Raise requisition - Approved process - Issue PO - Receive goods/service - Approve invoice