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CIPS L4M8 LO2 Exam Questions and Answers 100% pass
CIPS L4M8 LO2 Exam Questions and 
Answers 100% pass 
what are the stages of ordering? - Correct Answer ️️ -1) user need 
2) raise requisition 
3) approved process 
4) issue PO 
5) receive goods/service 
6) approve invoice 
what are the stages of sourcing? - Correct Answer ️️ -1) 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? - Cor...
- Package deal
- Exam (elaborations)
- • 21 pages •
CIPS L4M8 LO2 Exam Questions and 
Answers 100% pass 
what are the stages of ordering? - Correct Answer ️️ -1) user need 
2) raise requisition 
3) approved process 
4) issue PO 
5) receive goods/service 
6) approve invoice 
what are the stages of sourcing? - Correct Answer ️️ -1) 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? - Cor...
CIPS L4M8 Chapter 1 Questions and Answers 100% Pass
CIPS L4M8 Chapter 1 Questions and 
Answers 100% Pass 
The 13 Stages of the Procurement Cycle - Correct Answer ️️ -Stage 1 - Identify need 
and develop spec. 
Stage 2 - Market commodity/make or buy options. 
Stage 3 - Develop Strategy/Plan 
Stage 4 - Pre procurement market tests 
Stage 5 - Prepare Documentation 
Stage 6 - Supplier Selection 
Stage 7 - Send ITT 
Stage 8 - Receive & Evaluate Bids 
Stage 9 - Award contract 
Stage 10 - Warehouse/logistics prep 
Stage 11 - Contract management 
Sta...
- Package deal
- Exam (elaborations)
- • 40 pages •
CIPS L4M8 Chapter 1 Questions and 
Answers 100% Pass 
The 13 Stages of the Procurement Cycle - Correct Answer ️️ -Stage 1 - Identify need 
and develop spec. 
Stage 2 - Market commodity/make or buy options. 
Stage 3 - Develop Strategy/Plan 
Stage 4 - Pre procurement market tests 
Stage 5 - Prepare Documentation 
Stage 6 - Supplier Selection 
Stage 7 - Send ITT 
Stage 8 - Receive & Evaluate Bids 
Stage 9 - Award contract 
Stage 10 - Warehouse/logistics prep 
Stage 11 - Contract management 
Sta...
CIPS L4M7 Whole Life Asset Management Exam Questions and Answers 100% Pass
- Package deal
- Exam (elaborations)
- • 6 pages •
L4M4 - Chapter 2 Questions and Answers 100% Pass
L4M4 - Chapter 2 Questions and Answers 100% Pass 
How does the Pareto Principle differ to the ABC Analysis? - Correct Answer ️️ -Instead 
of the Pareto 80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. 
They are categorised according to their levels of importance/spend to the buying 
organisation. 
Figure 2.1 : 
'A' suppliers represent 20% of the total spend (these suppliers are responsible for the 
highest level of spend, most important). 
'B' supp...
- Package deal
- Exam (elaborations)
- • 18 pages •
L4M4 - Chapter 2 Questions and Answers 100% Pass 
How does the Pareto Principle differ to the ABC Analysis? - Correct Answer ️️ -Instead 
of the Pareto 80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. 
They are categorised according to their levels of importance/spend to the buying 
organisation. 
Figure 2.1 : 
'A' suppliers represent 20% of the total spend (these suppliers are responsible for the 
highest level of spend, most important). 
'B' supp...
L4M8 Procurement & Supply in Practice Questions and Answers 100% Pass
L4M8 Procurement & Supply in Practice 
Questions and Answers 100% Pass 
How many stages are there within the CIPS Procurement Cycle? - Correct Answer ️️ - 
The CIPS procurement cycle has 13 stages: 
1. Understand need and develop a high-level specification. 
2. Market/commodity options including make-versus-but assessment. 
3. Develop strategy/plan. 
4. Pre-procurement market tests and market engagement. 
5. Development of required documentation, e.g. request for quotation (RFQ). 
6. Supplie...
- Package deal
- Exam (elaborations)
- • 57 pages •
L4M8 Procurement & Supply in Practice 
Questions and Answers 100% Pass 
How many stages are there within the CIPS Procurement Cycle? - Correct Answer ️️ - 
The CIPS procurement cycle has 13 stages: 
1. Understand need and develop a high-level specification. 
2. Market/commodity options including make-versus-but assessment. 
3. Develop strategy/plan. 
4. Pre-procurement market tests and market engagement. 
5. Development of required documentation, e.g. request for quotation (RFQ). 
6. Supplie...
CIPS L4M8 LO3 Exam Questions and Answers 100% Pass
CIPS L4M8 LO3 Exam Questions and 
Answers 100% Pass 
what is a fixed asset? - Correct Answer ️️ -assets that are purchased for long-term use 
and not intended to be converted directly into cash 
what is included in whole life asset management? - Correct Answer ️️ -- lessons 
learned feeds into identification of needs/specification 
- pre-acquisition costs 
- acquisition costs 
- installation and commissioning costs 
- operating costs 
- maintenance costs 
- performance/downtime monitorin...
- Package deal
- Exam (elaborations)
- • 13 pages •
CIPS L4M8 LO3 Exam Questions and 
Answers 100% Pass 
what is a fixed asset? - Correct Answer ️️ -assets that are purchased for long-term use 
and not intended to be converted directly into cash 
what is included in whole life asset management? - Correct Answer ️️ -- lessons 
learned feeds into identification of needs/specification 
- pre-acquisition costs 
- acquisition costs 
- installation and commissioning costs 
- operating costs 
- maintenance costs 
- performance/downtime monitorin...
L4M8 CIPS level 4 Glossary 2 Questions and Answers 100% Pass
L4M8 CIPS level 4 Glossary 2 
Questions and Answers 100% Pass 
Name the 13 stages of the procurement cycle - Correct Answer ️️ -1. 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. Supplie...
- Package deal
- Exam (elaborations)
- • 24 pages •
L4M8 CIPS level 4 Glossary 2 
Questions and Answers 100% Pass 
Name the 13 stages of the procurement cycle - Correct Answer ️️ -1. 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. Supplie...
CIPS L4M8 Procurement and Supply in Practice Questions and Answers 100% Pass
CIPS L4M8 Procurement and Supply in Practice 
Questions and Answers 100% Pass 
Whole Life Asset Management - Correct Answer ️️ -Based around obtaining the best 
value theiugbout the lifetime of the asset (fixed assets only) 
Value - Correct Answer ️️ -Value is perceived differently by different stakeholders 
(finance, IT, sales, etc) 
WLAM 8 Elements - Correct Answer ️️ -Identify need/objectives/risk 
Procurement 
Construction 
Commissioning 
Deterioration/maintenance 
Condition perf...
- Package deal
- Exam (elaborations)
- • 7 pages •
CIPS L4M8 Procurement and Supply in Practice 
Questions and Answers 100% Pass 
Whole Life Asset Management - Correct Answer ️️ -Based around obtaining the best 
value theiugbout the lifetime of the asset (fixed assets only) 
Value - Correct Answer ️️ -Value is perceived differently by different stakeholders 
(finance, IT, sales, etc) 
WLAM 8 Elements - Correct Answer ️️ -Identify need/objectives/risk 
Procurement 
Construction 
Commissioning 
Deterioration/maintenance 
Condition perf...
CIPS L4M8 theories Exam Questions and Answers 100% Pass
CIPS L4M8 theories Exam Questions and 
Answers 100% Pass 
Carters 10 C's - Correct Answer ️️ -Competence 
Capacity 
Commitment 
Control 
Cash 
Cost 
Consistency 
Clean 
Culture 
Communication 
CIPS relationship spectrum - supplier selection - Correct Answer ️️ -Adversarial 
Arms length 
Transactional 
Bespoke 
Outsourced 
Strategic 
Collaborative 
Partnership 
Co-destiny / joint venture 
Carter's Outsource Matrix - Correct Answer ️️ -Strategic Alliance - core 
Retain - core 
Elimin...
- Package deal
- Exam (elaborations)
- • 14 pages •
CIPS L4M8 theories Exam Questions and 
Answers 100% Pass 
Carters 10 C's - Correct Answer ️️ -Competence 
Capacity 
Commitment 
Control 
Cash 
Cost 
Consistency 
Clean 
Culture 
Communication 
CIPS relationship spectrum - supplier selection - Correct Answer ️️ -Adversarial 
Arms length 
Transactional 
Bespoke 
Outsourced 
Strategic 
Collaborative 
Partnership 
Co-destiny / joint venture 
Carter's Outsource Matrix - Correct Answer ️️ -Strategic Alliance - core 
Retain - core 
Elimin...
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
the answers are incorrect
Product Owner/ Product Manager(POPM) SAFe Agile Exam Questions and Answers
CT DMV Knowledge Test 100% Correct Solved
Fiscal Law Final Exam QUESTIONS AND ANSWERS RATED A+ 2023|2024 UPDATE
NH Real Estate Exam Questions and Answers 100% Correct Score