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CIPS L4M8 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Ethical and Sustainable Procurement | 15-20% | - Supply chain transparency - Environmental sustainability in procurement - Corporate Social Responsibility (CSR) - Modern slavery and fair trade - Ethical sourcing considerations |
| Topic 2: Supplier Relationship Management | 20-25% | - Supplier performance measurement (KPI, scorecards) - Partnership and collaboration models - Risk management in supplier relationships - Supplier development and improvement - Supplier relationship types |
| Topic 3: Procurement Process and Procedures | 25-30% | - Supplier selection methods - Contract award criteria - Procurement cycle stages - Purchase ordering and goods receipt - Requirements gathering and specification |
| Topic 4: Practical Application Scenarios | 15-20% | - Problem-solving and decision-making - Applying theory to real-world procurement situations - Recommendation and justification skills - Case study analysis |
| Topic 5: Strategic Sourcing and Category Management | 20-25% | - Category segmentation - Spend analysis techniques - Strategic sourcing process - Supplier segmentation and criticality analysis |
CIPS Procurement and Supply in Practice Sample Questions:
Create a list of primary and secondary Data sources?
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
Data can be primary or secondary
Primary data are derived from original work or research through experience. Primary data can be gathered from the following sources; 1) Interview (2) survey (3) meetings (4) case studies.
Secondary data is derived from a previous source, i.e. somebody else has gathered the data. Sec-ondary data can be gained from; (1) Books (2) Websites, Trade magazines, etc
Describe four factors that could damage reputation within the supply chair
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
The reputation of all the organizations within a supply chain is linked. A Company's reputation is an intangible asset that can contribute to the failure of an organization if damaged. Factors that could damage organizational reputation within the supply chain are;
1. Quality: if the product or service quality is poor the organization may not satisfy it customers and this can lead to a loss of reputation in the market. For example, a residential building construction company contracting a supplier that would do a bad job which in three months may require home owners to reinstall new doors.
2. Sustainability: if the organization is not replenishing that which it is extracting, it will some day run out of business or probably loss loyal customers. For example a drilling company that spills hydrocarbon as it drills.
3. Fit for purpose: if an organization produce a product or carry out services that are not fit for purpose, it may run at loss for there will be so much rejection and rework. This can lead to customers switching to another organization which product or services are fit for their purpose.
4. Contract management: an organization will have to manage its suppliers and the contracts to ensure they are delivering what they were contracted to do. A poor contract management is a waste in the process of delivery that can lead to reputational loss.
* Refer to the question column for response
What are the two types of damage clauses that can be created within a contract?
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
Damages are 'sum of money that the supplier pays if it fails to carry out its contractual obligation. Damages are categorized into two types; liquidated and un-liquidated.
Liquidate Damages are fixed amount of money agreed between the parties that is payable if a contract is breached. For example, knowing that supplier not being able to install a device properly in a power transformer may destroy the device and going ahead to include a fee in the contract if the device was destroyed.
Un-liquidated damages are unfixed amount of money. It is used when the amount of money that will compensate the injured party cannot be known in advance. A court decides the amount when the damages occur. For example, knowing that supplier not being able to install a device properly in a power transformer may destroy the device, other appliances and equipment unknown, cause the buyer delay in the process and reputational damage as in customer dissatisfaction. Yet, unquantifiable as both party are unable to fix a fee in advance on the damages and leaving it to the court to decide the damage if it may occur.
* Refer to the question column for response
Why is it important to keep ethical codes of practice up to date?
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
A code of ethics is a set of morals and principle set out by an organization to state what it deems to be acceptable conduct and behavior An ethical code of practice is a continually changing and developing document with society changing and different suppliers coming to market, the document has to remain current Suppliers should continually monitor their codes of ethics to ensure that;
1. They are looking after the interest of the supply chain
2. That potential customers can be reassured that they are conforming to the required regulation, e.g. ISO
14001.
Ethical code of conduct should be constantly monitored and updated in accordance with the changes organization faces. This include 1) Define (2) prevent (3) detect (4) reprove (5) evaluate.
What two areas of an organization do the Kraljic Portfolio matrix uses to establish the category of a product or service?
Reveal Solution Discussion 0Correct Answer:
See the answer in explanation.
Explanation:
The Kraljic Portfolio Matrix shows where a product or services fits into in an organization. It is based on two areas 1) the risk of supply (Risk Impact). 2) Effect it has on profit (cost impact).
