CIPS Procurement and Supply in Practice : L4M8 exam

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CIPS L4M8 Exam Syllabus Topics:

CIPS Procurement and Supply in Practice Sample Questions:

Question 1

Describe three ways in which a buyer could or test the market in other to assist with determining a need.

Question 2

Explain FIVE Environmental. Social and Governance (ESG) considerations for TechSpark Global when developing its sourcing approach for the new mineral.
(25 marks)
TechSpark Global
TechSpark Global (TSG) is a global consumer electronics company. It supplies 80 markets across four global regions. It supplies directly to electronic goods retailers.
TSG's unique selling point is its strong commitment to sustainable and ethical manufacturing, and sourcing practices in the electronics sector.
TSG has recently identified a new high-efficiency rare earth mineral which significantly improves the performance and lifespan of solar panels. TSG intends to use this new mineral as the basis for a new product range of solar-powered portable chargers.
Potential strong consumer demand exists for these eco-friendly and high-performance chargers, and TSG anticipates fast market growth for the new product. However, the company is conscious that the new mineral's supply base is primarily in countries where ESG issues arise. These issues include labour rights and conditions, environmental degradation due to mining practices, and the safety regulations of mineral processing plants which may also be problematic.

Question 3

Which products or services should not be considered for outsourcing, according to Carter's out-sourcing matrix

Question 4

What potential costs could an organization face if it fails to conduct Due diligence effectively?

Question 5

What are the reasons that a contract can legally be terminated?

Solutions: