CIPS Level 4 Diploma in Procurement and Supply Qualification – CIPS L4M1 Exam Dumps for Starting Your Preparation

1. What is ‘supply chain management’? Outline the drivers, advantages and disadvantages of using this approach within the Procurement Department of an organisation (25 points)

2. Describe the main differences between a traditional procurement approach and supply chain management approach to buying (25 points)

3. Describe what is meant by the 5 Rights of Procurement (25 points)

4. Explain what is meant by added value (5 points). Describe 4 ways the Procurement Department can add value for their organisation (20 points)

5. Bob is a procurement manager at ABC Ltd. He has been asked to ensure all future purchases achieve ‘value for money’ for the organisation. What is meant by ‘value for money’? (5 points). Describe 4 techniques that Bob could use to achieve this (20 points)

6. Explain, with examples, the three different ways one can categorise procurement spend: direct vs indirect, capital expenditure vs operational expenditure and stock vs non-stock items. (25 points)

7. Describe the main characteristics of, and differences between, procuring goods, services and construction works (25 points)

8. Provide a definition of a stakeholder (5 points) and describe 3 categories of stakeholders (20 points).

9. What is meant by Stakeholder Mapping? Describe a tool that can be used by a Procurement Professional to map the stakeholders at their organisation (25 points)

10. Sarah has recently been hired as the new Head of Procurement at Alpha Ltd, a manufacturer of small electronics such as hairdryers and alarm clocks. Alpha Ltd has a large factory based in Birmingham where many of the products are manufactured. One of the large pieces of machinery in the factory has recently broken and Sarah has been charged with replacing it as quickly as possible. Sarah is considering using the Whole Life Costing approach to this procurement. What is meant by Whole Life Costing? (5 points). Discuss 5 factors that Sarah should consider when buying new machinery (20 points).