{"id":129441,"date":"2026-07-16T03:42:41","date_gmt":"2026-07-16T03:42:41","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=129441"},"modified":"2026-07-16T03:42:45","modified_gmt":"2026-07-16T03:42:45","slug":"l4m8-updated-dumps-v9-02-free-demo-questions-part-1-q1-q40-to-preview-exam-preparation-quality","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/l4m8-updated-dumps-v9-02-free-demo-questions-part-1-q1-q40-to-preview-exam-preparation-quality.html","title":{"rendered":"L4M8 Updated Dumps V9.02: Free Demo Questions (Part 1, Q1-Q40) to Preview Exam Preparation Quality"},"content":{"rendered":"\n<p>Come to DumpsBase to get the updated materials for your Procurement and Supply in Practice (L4M8) exam preparation. The L4M8 dumps V9.02 are available with 200 practice questions and answers, which are accurate, verified content designed to help you master key procurement concepts and walk into the exam room with confidence.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">More Info About the CIPS L4M8 Exam<\/h2>\n\n\n\n<p>The L4M8 exam is a key component of the globally recognized CIPS Level 4 qualification pathway. It serves as a summary module designed to test your ability to apply the knowledge and skills you developed across modules <strong><em><a href=\"https:\/\/www.dumpsbase.com\/cips-level-4-diploma-in-procurement-and-supply.html\">M1 to M7<\/a><\/em><\/strong> in a real-world, integrated workplace context.<\/p>\n\n\n\n<p><strong>Here are the essential details:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Vendor<\/strong>: CIPS<\/li>\n\n\n\n<li><strong>Exam Code<\/strong>: L4M8<\/li>\n\n\n\n<li><strong>Exam Name<\/strong>: Procurement and Supply in Practice Exam<\/li>\n\n\n\n<li><strong>Certification<\/strong>: CIPS Level 4 Diploma in Procurement and Supply<\/li>\n<\/ul>\n\n\n\n<p>Success in L4M8 relies heavily on your ability to synthesize everything you learned in the previous seven modules and discuss those theories through the lens of practical, real-world business scenarios. Understanding these details helps you align your study plan with official requirements and stay focused on what truly matters for exam day.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">L4M8 Free Demo Questions (Part 1, Q1-Q40): Preview the Quality<\/h2>\n\n\n\n<p>DumpsBase provides updated and high-quality L4M8 exam dumps to help you study smarter, practice effectively, and approach the Procurement and Supply in Practice exam with greater confidence. Before downloading the full version, you can start with our free dumps. We\u2019ve selected 75 questions as a free demo and split them into two parts. Today, we\u2019re sharing Part 1, featuring 40 questions.<\/p>\n\n\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam12660\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-12660\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-12660\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-491859'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Using the case study about Toyata, which type of benchmarking Tada has used when comparing the Toyata with Porsche?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='491859' \/><input type='hidden' id='answerType491859' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491859[]' id='answer-id-1899955' class='answer   answerof-491859 ' value='1899955'   \/><label for='answer-id-1899955' id='answer-label-1899955' class=' answer'><span>Benchmarking is the process of comparing a function, process or performance with another which is best-in-class. Benchmarking is either internal or external. \r\n<br>External benchmarking has three types; \r\n<br>1) Competition benchmarking , \r\n<br>2) Functional \r\n<br>3) Generic \r\n<br>Company Toyota with the Porsche a competition in the same industry and by suggesting that drives will find the cars performances comparable with that of Porsche Cayman sports car, suggest think it is an external competitive benchmark. \r\n<br>&#8226; Refer to the question column for response<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-491860'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>Explain with examples three differences between offers and invitation to treat.<\/div><input type='hidden' name='question_id[]' id='qID_2' value='491860' \/><input type='hidden' id='answerType491860' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491860[]' id='answer-id-1899956' class='answer   answerof-491860 ' value='1899956'   \/><label for='answer-id-1899956' id='answer-label-1899956' class=' answer'><span>An offer is created when one party communicates to another or to multiple parties that they wish to enter into a legal binding agreement in accordance with the terms stated, for example; a company in promotion advertising for buyers to buy one and get one free, an offer is a buying organization communicating to a supplier to supply X number of goods and be paid x amount upon delivery at company premises, an offer is when a football club proposes to pay X amount to a player if agrees to play for them for a month. An offer can be legally banded if accepted, whereas invitation to treat does not. An invitation to treat is just an invitation from one party to another to begin negotiations with the intention of creating an offer. If an offer is made without stating terms, this becomes an invitation to treat, for example, an invitation to treat is when a pharmacy displays a drug in its shelf. An invitation to treat can be linked to a request a buyer send to suppliers asking them for specific information. \r\n<br>&#8226; Refer to the question column for response<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-491861'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>What do STEEPLE and SWOT stand for?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='491861' \/><input type='hidden' id='answerType491861' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491861[]' id='answer-id-1899957' class='answer   answerof-491861 ' value='1899957'   \/><label for='answer-id-1899957' id='answer-label-1899957' class=' answer'><span>RESPONSE \r\n<br>After a need in an organization has been identified\/understood, defined, justified and authorized, the next stages are to understand how commodity prices are reacting, which suppliers are available and their strength. The make or buy decision can be reached with knowledge from this; the procurement professional can consider the organization external environment, strength, weakness opportunity and threat to develop strategy\/plan of how to achieve the procurement. \r\n<br>\u2018STEEPLE\u2019 is an effective way to evaluate the external environment. It helps buyers to assess factors that could affect the need in hand and helps them to develop the plan accordingly. \u2018STEEPLE\u2019 is an acronym which stands for , Social, Technology, Economic, Environment, Political, Legal, Ethical \r\n<br>\u2018SWOT\u2019 helps the organization to analyze its strength and within the organization and the oppor-tunity and threats outside the organization. \r\n<br>\u2018SWOT\u2019 is an acronym which stands for, strength, weakness, opportunity and threats. \r\n<br>&#8226; Refer to the question column<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-491862'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>What are the four quadrants within the Kraljic portfolio matrix?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='491862' \/><input type='hidden' id='answerType491862' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491862[]' id='answer-id-1899958' class='answer   answerof-491862 ' value='1899958'   \/><label for='answer-id-1899958' id='answer-label-1899958' class=' answer'><span>At the early stages In procurement and supply cycle, buyers begin segmenting current supplies in the categories, depending on their level of integration into the organization. To help get this done, the buyer may use the Kraljic portfolio matrix. \r\n<br>The kraljic portfolio matrix segment suppliers into four categories, which are; \r\n<br>1) Routine \r\n<br>2) Bottleneck \r\n<br>3) Leverage \r\n<br>4) strategic supplier<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-491863'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>Explain which factors should be considered when deciding the quantity of a product to order.<\/div><input type='hidden' name='question_id[]' id='qID_5' value='491863' \/><input type='hidden' id='answerType491863' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491863[]' id='answer-id-1899959' class='answer   answerof-491863 ' value='1899959'   \/><label for='answer-id-1899959' id='answer-label-1899959' class=' answer'><span>When reviewing supplier\u2019s response the procurement professional should consider the right quantity of product or service that has to be ordered at anytime as against the price to decide how to gain the best cost. \r\n<br>Factors to consider include the following \r\n<br>(1) Cost of inventory \r\n<br>(2) cost of insurance \r\n<br>(3) cost of transportation. \r\n<br>&#8226; Refer to the question column for response<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-491864'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>Describe five types of contract terms that a procurement professional should create with a supplier when forming an agreement.<\/div><input type='hidden' name='question_id[]' id='qID_6' value='491864' \/><input type='hidden' id='answerType491864' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491864[]' id='answer-id-1899960' class='answer   answerof-491864 ' value='1899960'   \/><label for='answer-id-1899960' id='answer-label-1899960' class=' answer'><span>Terms are the right and duties agreed which are then documented in a contract. \r\n<br>Five types of con-tract terms that a procurement professional should create with a supplier when forming an agree-ment includes; \r\n<br>Price term is when the buying organization wants to protect its budged and spending, it include price terms in the contract, for the buyer to buy goods or services in response to a need they some-time enshrine a bespoke specification in the contract. \r\n<br>Payment Term is to specify when and how the buyer will pay the supplier. The buyer may include a payment term in the contract. \r\n<br>Warrantee is when the buyer requires a promise from the supplier that the product or service will meet the specified need in the contract. \r\n<br>Time is of the essence term is included in the contract to detail when a product or service should be delivered and explains the potential losses of business if time is not observed. \r\n<br>&#8226; Refer to the question column for response<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-491865'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>Explain with examples three differences between offers and invitation to treat.<\/div><input type='hidden' name='question_id[]' id='qID_7' value='491865' \/><input type='hidden' id='answerType491865' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491865[]' id='answer-id-1899961' class='answer   answerof-491865 ' value='1899961'   \/><label for='answer-id-1899961' id='answer-label-1899961' class=' answer'><span>An offer is created when one party communicates to another or to multiple parties that they wish to enter into a legal binding agreement in accordance with the terms stated, for example; a company in promotion advertising for buyers to buy one and get one free, an offer is a buying organization communicating to a supplier to supply X number of goods and be paid x amount upon delivery at company premises, an offer is when a football club proposes to pay X amount to a player if agrees to play for them for a month. An offer can be legally banded if accepted, whereas invitation to treat does not. An invitation to treat is just an invitation from one party to another to begin negotiations with the intention of creating an offer. If an offer is made without stating terms, this becomes an invitation to treat, for example, an invitation to treat is when a pharmacy displays a drug in its shelf. An invitation to treat can be linked to a request a buyer send to suppliers asking them for specific information.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-491866'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>What are the two types of damage clauses that can be created within a contract?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='491866' \/><input type='hidden' id='answerType491866' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491866[]' id='answer-id-1899962' class='answer   answerof-491866 ' value='1899962'   \/><label for='answer-id-1899962' id='answer-label-1899962' class=' answer'><span>Damages are \u2018sum of money that the supplier pays if it fails to carry out its contractual obligation. \r\n<br>Damages are categorized into two types; liquidated and un-liquidated. \r\n<br>Liquidate Damages are fixed amount of money agreed between the parties that is payable if a contract is breached . \r\n<br>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. \r\n<br>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 . \r\n<br>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. \r\n<br>&#8226; Refer to the question column for response<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-491867'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>Looking at stage 8 of the procurement and supply cycle, what does TCA mean?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='491867' \/><input type='hidden' id='answerType491867' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491867[]' id='answer-id-1899963' class='answer   answerof-491867 ' value='1899963'   \/><label for='answer-id-1899963' id='answer-label-1899963' class=' answer'><span>When evaluating offers, it is important to remember that the best price may not be the lowest. To ascertain that; the total cost of Acquisition TCA (the cost a buyer bears for placing orders and re-ceiving a product from a supplier) should be uncovered and compare against offers received. \r\n<br>Things to consider that might make up the total cost of acquisition are; \r\n<br>1) logistics and handling costs \r\n<br>2) Cost of requisition \r\n<br>3) Rework \r\n<br>4) stock cost \r\n<br>5) Delay \r\n<br>6) Inspection \r\n<br>7) customer services \r\n<br>8) consumables \r\n<br>9) Training &amp; support<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-491868'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>What information should be included on a purchase requisition?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='491868' \/><input type='hidden' id='answerType491868' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491868[]' id='answer-id-1899964' class='answer   answerof-491868 ' value='1899964'   \/><label for='answer-id-1899964' id='answer-label-1899964' class=' answer'><span>A purchase requisition should contain the following information \r\n<br>1) Date of the requisition \r\n<br>2) Description of what is required \r\n<br>3) Supplier if known \r\n<br>4) The quantity \r\n<br>5) when the need is required \r\n<br>6) why the need is required \r\n<br>7) who identified the need \r\n<br>8) who approved the need \r\n<br>9) if it\u2019s a re-buy<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-491869'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>Which products or services should not be considered for outsourcing, according to Carter\u2019s out-sourcing matrix<\/div><input type='hidden' name='question_id[]' id='qID_11' value='491869' \/><input type='hidden' id='answerType491869' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491869[]' id='answer-id-1899965' class='answer   answerof-491869 ' value='1899965'   \/><label for='answer-id-1899965' id='answer-label-1899965' class=' answer'><span>Carters outsource matrix is a useful tool that procurement professionals uses to decide which products or services has a high or low contribution to the organization operation performance and its strategic importance. The matrix segments products\/services into four quadrants. These are Eliminate, outsource, strategic alliance and retain. \r\n<br>According to Carters outsource matrix, all product\/services that has a high strategic importance should not be outsourced. They should rather be retained in house or carefully chose suitable sup-pliers and go into strategic alliance.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-491870'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>Explain how procurement should decide whether to make or buy a product or service.<\/div><input type='hidden' name='question_id[]' id='qID_12' value='491870' \/><input type='hidden' id='answerType491870' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491870[]' id='answer-id-1899966' class='answer   answerof-491870 ' value='1899966'   \/><label for='answer-id-1899966' id='answer-label-1899966' class=' answer'><span>Make or buy decision are about whether a products or services should be made within the organization or bought-in from an external supplier. \r\n<br>For a procurement professional to establish which method (make or buy) offers the best value, the item in question must be thought through if it is core to the organization and which option will add more value to the organization, as regards achieving its strategic goals. If it is core the procurement professional decide to make it and if it is not core the product or services can be bought in. \r\n<br>&#8226; Refer to the question column for response<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-491871'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>Which four procurement cycle stages happen after the award of the contract?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='491871' \/><input type='hidden' id='answerType491871' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491871[]' id='answer-id-1899967' class='answer   answerof-491871 ' value='1899967'   \/><label for='answer-id-1899967' id='answer-label-1899967' class=' answer'><span>The procurement cycle is the heart of purchasing, sourcing and supplying and should be followed in day-to-day practice in the industry. The procurement cycle has thirteen stages. \r\n<br>Contract award is stage 9, and the stages after the contract award are; \r\n<br>Stage 10: ware house, logistic and receipt \r\n<br>Stage 11: Contract performance review and continuous improvement \r\n<br>Stage 12: SRM\/SCM and contract management \r\n<br>Stage 13: Asset management, lessons learned, end of life.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-491872'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>What two areas of an organization do the Kraljic Portfolio matrix uses to establish the category of a product or service?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='491872' \/><input type='hidden' id='answerType491872' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491872[]' id='answer-id-1899968' class='answer   answerof-491872 ' value='1899968'   \/><label for='answer-id-1899968' id='answer-label-1899968' class=' answer'><span>The Kraljic Portfolio Matrix shows where a product or services fits into in an organization. \r\n<br>It is based on two areas \r\n<br>1) the risk of supply (Risk Impact). \r\n<br>2) Effect it has on profit (cost impact).<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-491873'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>What information should be included on a purchase requisition?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='491873' \/><input type='hidden' id='answerType491873' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491873[]' id='answer-id-1899969' class='answer   answerof-491873 ' value='1899969'   \/><label for='answer-id-1899969' id='answer-label-1899969' class=' answer'><span>RESPONSE \r\n<br>A purchase requisition should contain the following information \r\n<br>1) Date of the requisition \r\n<br>2) Description of what is required \r\n<br>3) Supplier if known \r\n<br>4) The quantity \r\n<br>5) when the need is required \r\n<br>6) why the need is required \r\n<br>7) who identified the need \r\n<br>8) who approved the need \r\n<br>9) if it\u2019s a re-buy<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-491874'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>What are advantages and disadvantages of the two types of specifications?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='491874' \/><input type='hidden' id='answerType491874' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491874[]' id='answer-id-1899970' class='answer   answerof-491874 ' value='1899970'   \/><label for='answer-id-1899970' id='answer-label-1899970' class=' answer'><span>Ones the need is understood, the procurement professional develops the specifications while working together with stakeholders and colleagues to ensure that the final design is fit for purposes that it meets the generated need. \r\n<br>Specification can be focus on performance or conformance. \r\n<br>Performance specification states what the product or service must do or how it should perform but leave the supplier the freedom to achieve this, however they wish. \r\n<br>Performance specification brings the following advantages; it allows supplier innovation, promote competition in the market place, shorter document, quick to prepare. The disadvantage of perfor-mance specification is that buyers may not know exactly what they will be getting. \r\n<br>Conformance specification gives clear instructions to the supplier about what is required and how it should be achieved. Examples of conformance specifications are chemical formulae, recipes and technical drawings. Conformance specification specifies which standards a requirement must meet or exceed. The advantage of using it is; buyers know exactly what they will get. It has the following disadvantages; the buyer bears the risk, it does not encourage supplier to innovate, take longer and complex documentation. \r\n<br>&#8226; Refer to the question column for response<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-491875'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>Describe three ways in which a buyer could or test the market in other to assist with determining a need.<\/div><input type='hidden' name='question_id[]' id='qID_17' value='491875' \/><input type='hidden' id='answerType491875' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491875[]' id='answer-id-1899971' class='answer   answerof-491875 ' value='1899971'   \/><label for='answer-id-1899971' id='answer-label-1899971' class=' answer'><span>Once the need has been understood, defined, justified and authorized, the next stages are to analyze and test the market. Analyzing and testing the market includes looking at the following \r\n<br>1. STEEPLE analysis \r\n<br>2. SWOT analysis \r\n<br>3. Porter\u2019s five forces \r\n<br>4. Level of suppliers competition \r\n<br>5. Supply and demand 6. Push and pull \r\n<br>7. Supplier segmentation \r\n<br>8. Product life cycle \r\n<br>9. Ansoff matrix \r\n<br>10. Early supplier involvement \r\n<br>11. Make or buy \r\n<br>12. Offshoring \r\n<br>1. Porter\u2019s five forces: The use of porter\u2019s five forces helps the procurement professional to understand the level of competition within the marketplace. Whether it is a monopoly, oligopoly, imperfect or perfect market. Knowing these will equip the organization to better negotiate a favorable price. \r\n<br>2. Supply and Demand: the procurement professional must also think about supply and demand as part of their market analysis when they receive a requisition. This economic factor has a significant effect on the prices charged and on the cost incurred. \r\n<br>3. Supplier segmentation: in this the procurement professional start to form an opinion of potential suppliers.. They can segment current suppliers into four categories, depending on their level of integration into an organization. This can help to inform the procurement professional of which type of supplier relationship that would be most appropriate.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-491876'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>What is needed for a contract to be binding?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='491876' \/><input type='hidden' id='answerType491876' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491876[]' id='answer-id-1899972' class='answer   answerof-491876 ' value='1899972'   \/><label for='answer-id-1899972' id='answer-label-1899972' class=' answer'><span>A contract is written or verbal agreement, made between two or more parties that is legally enforceable. For a contract to be legally binding it must include intention of parties entering into the contracts. All parties must have the capacity to contract or be contracted. They must be of a sound mind, there should be a promise (offer) for per-formance from the other party and an exchange (consideration) of one thing for another within an agreement for contract to be binding, and there must be an acceptance of the offeror\u2019s offer by the offeree.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-491877'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>Describe four factors that could damage reputation within the supply chair<\/div><input type='hidden' name='question_id[]' id='qID_19' value='491877' \/><input type='hidden' id='answerType491877' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491877[]' id='answer-id-1899973' class='answer   answerof-491877 ' value='1899973'   \/><label for='answer-id-1899973' id='answer-label-1899973' class=' answer'><span>The reputation of all the organizations within a supply chain is linked. A Company\u2019s reputation is an intangible asset that can contribute to the failure of an organization if damaged. \r\n<br>Factors that could damage organizational reputation within the supply chain are; \r\n<br>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 . \r\n<br>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. \r\n<br>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. \r\n<br>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. \r\n<br>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.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-491878'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>What are the definition of a new buy and a modified re-buy?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='491878' \/><input type='hidden' id='answerType491878' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491878[]' id='answer-id-1899974' class='answer   answerof-491878 ' value='1899974'   \/><label for='answer-id-1899974' id='answer-label-1899974' class=' answer'><span>A new buy is the purchase of goods and services by an organization or an individual for its first time. For example a transport organization for the very first time contracting the purchase of a Lorry out to an external supplier. In situations like this, it is advisable to start the procurement cycle from the very first stage. \r\n<br>Which is understanding the need and developing high level specification. \r\n<br>Modified re-buy is the purchase of goods or services that an organization has bought before there was a need but with changes to the specification or supplier or quantity or quality. In carrying out modified re-buy, procurement professional should start from the very first stage of the procurement cycle to justify the added need and follow through. Not in all cases that buyer would have to start from understanding the need. In a situation where the changes required is a change of supplier, the organization will start from its preferred suppliers list and contract the next ranking supplier as the case may be. \r\n<br>&#8226; Refer to the question column for response<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-491879'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>Describe the seven stages of the Tender Process and explain the reasons why the stages must be followed.<\/div><input type='hidden' name='question_id[]' id='qID_21' value='491879' \/><input type='hidden' id='answerType491879' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491879[]' id='answer-id-1899975' class='answer   answerof-491879 ' value='1899975'   \/><label for='answer-id-1899975' id='answer-label-1899975' class=' answer'><span>The purpose of the tendering process is to invite potential suppliers to bid to supply a product or service to the buying organization. Then buying organization select suitable suppliers, award con-tract and manage. The process is selected mostly when the need is a large or complex project or the law mandates it or it is in the company\u2019s policies to do so. \r\n<br>The stages of the tendering process includes; \r\n<br>Stage 1: decide which style of tender to use. \r\n<br>There are four types of tendering used within pro-curement and this include; \r\n<br>1) open \r\n<br>2) Restricted \r\n<br>3) Negotiated \r\n<br>4) Competitive Dialogue \r\n<br>Stage 2: Prepare invitation to tender (ITT): this stage is to prepare the document that will be made available to potential supplier. It should contain everything potential bidders will need to know to fully understand the need and to prepare and send a suitable RESPONSE it may likely in-clude; open letter, company details, overview of a project, evaluation criteria, submission date and so on. \r\n<br>Stage 3: send ITT: With fairness, transparency and equality, buyer will provide the documents to all potential suppliers at the same time and also provide exactly the same information\/documents to all suppliers. If after receiving the ITT and some suppliers seek clarifications on anything in the documentation, buyers must give same response to identical questions to keep the process transparent and fair. Also, the response to each query to all bidders in the process. \r\n<br>Failure to this may result in bidders who feel disadvantaged or discriminated in any form to submit a legal challenge. Supplier submitting a Legal challenge may cause delay in the process and eventually increase administrative cost for the buyer. \r\n<br>Stage 4: Buying organization receives responses to the Invitation to tender from suppliers (bids). Suppliers must adhere to the bid submission dead line included in the invitation to tender document. Any bid that arrives after the deadline must be left out of the process, or else this may result to other suppliers legally challenging the process. \r\n<br>Stage 5: Evaluate bid. The buying organization can now evaluate the bids based on the criteria in the ITT document. It is always thorough that cross-functional team evaluates the bids to guarantee complete fairness and ensure that the chosen bid is fit for purpose. In evaluating the bids, the cross-functional team will consider the bids in the following areas; supplier organization, ethics, price, sustainability, quality, payment, disposal, service level, location, warranty and risk. \r\n<br>Stage 6: Award contract and give feedback hence the buying organization wards the contract to the winning supplier. This can take place by a formal communication like a letter or an e-mail. \r\n<br>Stage 7: Contract management. Contracts must be evaluated against the criteria in the invitation to tender. \r\n<br>The reasons why these stages must be followed includes; \r\n<br>1. Knowing the right TYPE of tender to use, reduces administration cost, for example, deciding to do restricted tendering to reduce the interest that are going to be sent in have already cut down on administrative cost. \r\n<br>2. The supplier can know what exactly the buyer\u2019s intentions are by developing description and the required specification. \r\n<br>3. To ensure that objectives of resorting to use the tendering style and the tendering process is achieved \r\n<br>4. To ensure that the organization generates added value by going through the stages. \r\n<br>5. To ensure that there are none unethical issues like fraud, bribes etc are not part of the system. \r\n<br>6. To ensure that the tendering process becomes transparent to all suppliers. These stages must be followed for transparency and fairness. Just like in stage 3: buyer send out the ITT to potential suppliers at the same time and providing them same information. Failure to this and bidders who feel disadvantaged or discriminated in any form may submit a legal challenge. Supplier submitting a Legal challenge may cause delay in the process and eventually increase administrative cost for the buyer. \r\n<br>&#8226; Refer to the question column for response<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-491880'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>Use the balance sheet below to work out the correct ratio for coffee Time and explain whether the company appears to have enough assets to cover it liability.<br \/>\r\n<br \/>\r\n<br \/>\r\n<img loading=\"lazy\" decoding=\"async\" id=\"\u56fe\u7247 6\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2026\/07\/image001-8.jpg\" width=\"649\" height=\"182\" \/><img loading=\"lazy\" decoding=\"async\" id=\"\u56fe\u7247 5\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2026\/07\/image002-8.jpg\" width=\"649\" height=\"386\" \/><\/div><input type='hidden' name='question_id[]' id='qID_22' value='491880' \/><input type='hidden' id='answerType491880' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491880[]' id='answer-id-1899976' class='answer   answerof-491880 ' value='1899976'   \/><label for='answer-id-1899976' id='answer-label-1899976' class=' answer'><span><br><img decoding=\"async\" width=268 height=247 id=\"\u56fe\u7247 4\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2026\/07\/image003-8.jpg\"><br>\r\n<br>A current ratio of 1 shows that the organization has enough assets to repay (cover) it liability \r\n<br>Buyers can be encouraged to deal with these suppliers after if they considered proven and strong in other areas. \r\n<br>Refer to the question column for response<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-491881'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>Describe the seven stages of the Tender Process and explain the reasons why the stages must be followed.<\/div><input type='hidden' name='question_id[]' id='qID_23' value='491881' \/><input type='hidden' id='answerType491881' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-491881[]' id='textarea_q_491881' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-491882'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>Describe what should be considered when creating damages terms in a contract.<\/div><input type='hidden' name='question_id[]' id='qID_24' value='491882' \/><input type='hidden' id='answerType491882' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491882[]' id='answer-id-1899978' class='answer   answerof-491882 ' value='1899978'   \/><label for='answer-id-1899978' id='answer-label-1899978' class=' answer'><span>Damages are \u2018sum of money that the supplier pays if it fails to carry out its contractual obligation. \r\n<br>When creating terms for damages in the contract, it should be considered that Damages are categorized into two types (liquidated and un-liquidated). And which or if both are applicable to the contract in hand. \r\n<br>Liquidate Damages are fixed amount of money agreed between the parties that is payable if a contract is breached . \r\n<br>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. \r\n<br>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 . \r\n<br>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 parties 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.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-491883'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>Explain three strategic decisions that could be made or enhanced by using the STEEPLE or SWOT analysis<\/div><input type='hidden' name='question_id[]' id='qID_25' value='491883' \/><input type='hidden' id='answerType491883' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491883[]' id='answer-id-1899979' class='answer   answerof-491883 ' value='1899979'   \/><label for='answer-id-1899979' id='answer-label-1899979' class=' answer'><span>By using STEEPLE and SWOT analysis, the organization can reach out to the following strategic decision in how it will engage with its external environment, and utilize it strength to cover up for its weakness and achieve its strategic goals; \r\n<br>1) STEEPLE can aid an organization to come up with informed decision by understanding when is the right time to procure goods or services? \r\n<br>2) STEEPLE and SWOT analysis can uncover the quantity that could be most economical to ac-quire at the point in time. \r\n<br>3) When an organization want to decide on the currency that could be most favorable for the buy, it will analyze the countries involved and the strength of their currency and make its decisions on which currency that the supplier should be paid that will not make the organization to lose unnecessary money to exchange. \r\n<br>4) Should the product or services be made or bought? \r\n<br>5) Should the product or services be resourced? \r\n<br>6) Should the product or services be placed?<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-491884'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>What are Carter\u2019s 10Cs?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='491884' \/><input type='hidden' id='answerType491884' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491884[]' id='answer-id-1899980' class='answer   answerof-491884 ' value='1899980'   \/><label for='answer-id-1899980' id='answer-label-1899980' class=' answer'><span>Carter\u2019s 10cs is a detailed mechanism that procurement professional uses to evaluate potential supplier. \r\n<br>What the procurement professional should consider in supplier are the following 10 things. \r\n<br>1) Competency \r\n<br>2) capacity \r\n<br>3) Cost \r\n<br>4) Cash \r\n<br>5) Clean \r\n<br>6) Consistency \r\n<br>7) Control \r\n<br>8) Cul-ture \r\n<br>9) Commitment 10) Communication.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-491885'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>Explain why you think quality should be investigated before working with potential supplier?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='491885' \/><input type='hidden' id='answerType491885' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491885[]' id='answer-id-1899981' class='answer   answerof-491885 ' value='1899981'   \/><label for='answer-id-1899981' id='answer-label-1899981' class=' answer'><span>Quality is fitness for purpose. It is important that quality is investigated by procurement professionals before forming relationship with potential supplies. \r\n<br>If quality is not investigated before selecting supplier the organization might stand the risk of facing the following disadvantages; \r\n<br>Reputational Damages \r\n<br>Cost of Rework \r\n<br>Cost of Downtime \r\n<br>Cost of Material \r\n<br>Cost of being stocked with the wrong supplier \r\n<br>Cost of being stocked in a project that may not come to an end at the forecasted time. \r\n<br>How buyer can choose a supplier with a good quality culture is first by defining the quality of the product or services to be carried out .Having knowledge of the product or service quality, supplies can rightly select and evaluated supplier with total quality management (TQM) in their system, ISO 9001 accreditation. TQM includes everyone in the organization with knowledge on the required quality; there would be little or no rejection\/reworks. Thus is an added value to the organization.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-491886'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>Describe three ways in which a buyer could or test the market in other to assist with determining a need.<\/div><input type='hidden' name='question_id[]' id='qID_28' value='491886' \/><input type='hidden' id='answerType491886' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491886[]' id='answer-id-1899982' class='answer   answerof-491886 ' value='1899982'   \/><label for='answer-id-1899982' id='answer-label-1899982' class=' answer'><span>Once the need has been understood, defined, justified and authorized, the next stages are to analyze and test the market. \r\n<br>Analyzing and testing the market includes looking at the following \r\n<br>1. STEEPLE analysis \r\n<br>2. SWOT analysis \r\n<br>3. Porter\u2019s five forces \r\n<br>4. Level of suppliers competition \r\n<br>5. Supply and demand 6. Push and pull \r\n<br>7. Supplier segmentation \r\n<br>8. Product life cycle \r\n<br>9. Ansoff matrix \r\n<br>10. Early supplier involvement \r\n<br>11. Make or buy \r\n<br>12. Offshoring \r\n<br>1. Porter\u2019s five forces: The use of porter\u2019s five forces helps the procurement professional to understand the level of competition within the marketplace. Whether it is a monopoly, oligopoly, imperfect or perfect market. Knowing these will equip the organization to better negotiate a favorable price. \r\n<br>2. Supply and Demand: the procurement professional must also think about supply and demand as part of their market analysis when they receive a requisition. This economic factor has a significant effect on the prices charged and on the cost incurred. \r\n<br>3. Supplier segmentation: in this the procurement professional start to form an opinion of potential suppliers. They can segment current suppliers into four categories, depending on their level of integration into an organization. This can help to inform the procurement professional of which type of supplier relationship that would be most appropriate. \r\n<br>&#8226; Refer to the question column for response<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-491887'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>What is PQQ and what does it include?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='491887' \/><input type='hidden' id='answerType491887' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491887[]' id='answer-id-1899983' class='answer   answerof-491887 ' value='1899983'   \/><label for='answer-id-1899983' id='answer-label-1899983' class=' answer'><span>Pre-qualification questionnaire (PQQ) is often standard forms that buyers send to po-tential suppliers. The purpose is to ensure that these potential suppliers could, if they win the contract , supply the product or service to the standard required. PQQ includes requesting details from the potential suppliers on the following information \r\n<br>1. Company Details \r\n<br>2. Environment policies \r\n<br>3. Trading history \r\n<br>4. Ethical policies \r\n<br>5. Financial information \r\n<br>6. Health and safety policies \r\n<br>7. Quality standards \r\n<br>8. References \r\n<br>9. Insurance.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-491888'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Which products or services should not be considered for outsourcing, according to Carter\u2019s out-sourcing matrix<\/div><input type='hidden' name='question_id[]' id='qID_30' value='491888' \/><input type='hidden' id='answerType491888' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-491888[]' id='textarea_q_491888' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-491889'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>Explain three strategic decisions that could be made or enhanced by using the STEEPLE or SWOT analysis<\/div><input type='hidden' name='question_id[]' id='qID_31' value='491889' \/><input type='hidden' id='answerType491889' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491889[]' id='answer-id-1899985' class='answer   answerof-491889 ' value='1899985'   \/><label for='answer-id-1899985' id='answer-label-1899985' class=' answer'><span>By using STEEPLE and SWOT analysis, the organization can reach out to the following strategic decision in how it will engage with its external environment, and utilize it strength to cover up for its weakness and achieve its strategic goals; \r\n<br>1) STEEPLE can aid an organization to come up with informed decision by understanding when is the right time to procure goods or services? \r\n<br>2) STEEPLE and SWOT analysis can uncover the quantity that could be most economical to ac-quire at the point in time. \r\n<br>3) When an organization want to decide on the currency that could be most favorable for the buy, it will analyze the countries involved and the strength of their currency and make its decisions on which currency that the supplier should be paid that will not make the organization to lose unnecessary money to exchange. \r\n<br>4) Should the product or services be made or bought? \r\n<br>5) Should the product or services be resourced? \r\n<br>6) Should the product or services be placed? \r\n<br>&#8226; Refer to the question column<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-491890'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>Explain how procurement should decide whether to make or buy a product or service.<\/div><input type='hidden' name='question_id[]' id='qID_32' value='491890' \/><input type='hidden' id='answerType491890' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491890[]' id='answer-id-1899986' class='answer   answerof-491890 ' value='1899986'   \/><label for='answer-id-1899986' id='answer-label-1899986' class=' answer'><span>Make or buy decision are about whether a products or services should be made within the organization or bought-in from an external supplier. \r\n<br>For a procurement professional to establish which method (make or buy) offers the best value, the item in question must be thought through if it is core to the organization and which option will add more value to the organization, as regards achieving its strategic goals. If it is core the procurement professional decide to make it and if it is not core the product or services can be bought in.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-491891'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>What does the acronym SMART stand for?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='491891' \/><input type='hidden' id='answerType491891' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491891[]' id='answer-id-1899987' class='answer   answerof-491891 ' value='1899987'   \/><label for='answer-id-1899987' id='answer-label-1899987' class=' answer'><span>When the procurement professional is setting key performance indicator (KPI) where which the supplier performance will be monitored and managed. The KPI is expected to be SMART. SMART is an acronym that is used to set KPI and specification. \r\n<br>S - specific, M - measurable , A - achievable , R - relevant, and T - timebound.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-491892'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>What is the retention of title clause also known as?<\/div><input type='hidden' name='question_id[]' id='qID_34' value='491892' \/><input type='hidden' id='answerType491892' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491892[]' id='answer-id-1899988' class='answer   answerof-491892 ' value='1899988'   \/><label for='answer-id-1899988' id='answer-label-1899988' class=' answer'><span>Retention of title (ROT) states when ownership transfers from supplier to buyer. \r\n<br>The retention of title terms also referred to as the Romalpa clause, which is related to a legal case from 1976 between Aluminum industries Vaassen BV and Romalpa Aluminum LTD<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-491893'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>Which contract term contains details of when a product or service should be delivered and ex-plained the potential loss of business?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='491893' \/><input type='hidden' id='answerType491893' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491893[]' id='answer-id-1899989' class='answer   answerof-491893 ' value='1899989'   \/><label for='answer-id-1899989' id='answer-label-1899989' class=' answer'><span>Contract terms are the right and duties agreed between parties with which are then documented in contract. Terms can be either implied or expression. \r\n<br>Implied terms are always present in a contract and are set by national laws; like the sales of goods act, whereas express terms are negotiated and created, for example; time is of the essence. When the procurement professional is setting key performance indicators, where which the supplier\u2019s performance will be monitored and managed, the KPI is expected to be SMART. The SMART is an acronym that is used to set KPI and specification . \r\n<br>It means: \r\n<br>Specific \r\n<br>Measurable \r\n<br>Achievable \r\n<br>Relevant \r\n<br>Time bound<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-491894'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>What are the four methods that can be used to try to resolve dispute?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='491894' \/><input type='hidden' id='answerType491894' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491894[]' id='answer-id-1899990' class='answer   answerof-491894 ' value='1899990'   \/><label for='answer-id-1899990' id='answer-label-1899990' class=' answer'><span>Conflict or dispute is the final area a procurement professional considers when creating terms for a contract with a supplier. \r\n<br>If conflict or dispute arises, there must be a process put in place in the contract to try to resolve it and these includes; \r\n<br>a) Negotiation, b) mediation, c) arbitration and d) litigation. \r\n<br>Negotiation is usually carried out between senior people within organization that are in conflict, if they cannot reach an agreement through negotiation, mediation is the next stage, mediation is when a third party tries to help find a resolution among the parties in dispute. If mediation fails arbitration can start, arbitration involve independent professionals (arbitrators) working with all the party to try to reach an agreement. Parties do not have a formal or legal obligation to follow the arbitrator\u2019s recommendation. Arbitration is expensive. If arbitration fails to resolve the conflict, the final stage is litigation, litigation takes time and money, and most people avoid it. It is a legal process where a court decides on the outcome of the dispute. The judge\u2019s ruling is final.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-491895'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>When benchmarking what other factors, apart from price should be considered to find the total cost of acquisition?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='491895' \/><input type='hidden' id='answerType491895' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491895[]' id='answer-id-1899991' class='answer   answerof-491895 ' value='1899991'   \/><label for='answer-id-1899991' id='answer-label-1899991' class=' answer'><span>When evaluating potential suppliers, procurement professionals can carry out benchmarking. Benchmarking is the process of comparing a function, a process performance with another which is best in-class. \r\n<br>Other factors, apart from price that can be considered to find the total cost of acquisition include the product or service quality, lead time, supplier culture, its environmental awareness and sustainability. \r\n<br>Case study: \r\n<br>Tetsuya Tada, Chief engineer of the Toyata Supra Sports car has revealed how the process of benchmarking contributed to the car\u2019s design. \r\n<br>Tada has worked by comparing the Supra to other cars . \r\n<br>For example, it has been intentionally designed with a shorter wheelbase, than the Toyata 86 to make it more suitable for track racing. Furthermore, Tada has benchmarked the Supra against competition by suggesting that drivers will find the car\u2019s performance comparable with that of Posche\u2019s Cayman sports car. \r\n<br>Tada\u2019s knowledge of the features belonging to different sports cars in his industry shows how benchmarking can be used by companies to successfully differentiate their products and remain competitive through awareness of their competitor\u2019s activities.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-491896'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>What are the four quadrants in the Mendelow stakeholder matrix?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='491896' \/><input type='hidden' id='answerType491896' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491896[]' id='answer-id-1899992' class='answer   answerof-491896 ' value='1899992'   \/><label for='answer-id-1899992' id='answer-label-1899992' class=' answer'><span>Stakeholder are individuals or organizations that can be affected directly or indirectly by any project or decision. For successful procurement activities to take place, stakeholders must be identified, engaged and managed. Not all stakeholders require the same level of engagement and management. To appropriately manage identified stakeholders, the Mendelow management matrix has categorized stakeholders in four quadrants, according to how low or high their power and interest in the project could be . \r\n<br>The four categories are: \r\n<br>1) Minimum effort (low power-Low interest) \r\n<br>2) Keep satisfied (high power-Low interest) \r\n<br>3) Keep informed (Low power C high interest) \r\n<br>4) Manage closely (High power- High interest)<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-491897'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>How can procurement professionals select suppliers?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='491897' \/><input type='hidden' id='answerType491897' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491897[]' id='answer-id-1899993' class='answer   answerof-491897 ' value='1899993'   \/><label for='answer-id-1899993' id='answer-label-1899993' class=' answer'><span>During the sourcing stage of the procurement cycle, the procurement professional needs to identify and select suppliers to fulfill the business needs. Supplier selection involves evaluating suppliers against predetermine criteria to assess their suitability in working with the buying organization. \r\n<br>Suppliers can be evaluated according to Carter\u2019s 10Cs which are as follows: \r\n<br>(1) Competency \r\n<br>(2) capacity \r\n<br>(3) consistency \r\n<br>(4) control \r\n<br>(5) cost \r\n<br>(6) commitment \r\n<br>(7) cash \r\n<br>(8) Clean \r\n<br>(9) culture \r\n<br>(10) communication. \r\n<br>Procurement professionals can decide to evaluate and select suppliers based on the overall strategy and the business objectives. After that, it most suitable suppliers receive the documentation (Invitation to tender \/ request for quotation).<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-491898'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>What happens in the public sector, regarding providing feedback?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='491898' \/><input type='hidden' id='answerType491898' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-491898[]' id='answer-id-1899994' class='answer   answerof-491898 ' value='1899994'   \/><label for='answer-id-1899994' id='answer-label-1899994' class=' answer'><span>A sector is an area of an industry, e.g., private, public or third sector. \r\n<br>A public sector is a sector of the economy that is owned, finance and run by the government. This sector is financed with tax payer\u2019s money. And therefore owe the general public an ethical explanation towards all investment and decision. \r\n<br>Once the supplier that is awarded the contract has accepted, the buyer can tell the unsuccessful bidders. This usually happens through email or letter. The public sector is more likely to give feedback to unsuccessful bidders and also have to respond to any stakeholders that request information on why a supplier is not successful. \r\n<br>&#8226; Refer to the question column for response<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-41'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons12660\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; Previous\" onclick=\"WatuPRO.nextQuestion(event, 'previous');\"\/><\/div>\t\t  \t\t  \t\t   \n\t\t   \t  \t\t<div><input type=\"button\" name=\"action\" class=\"watupro-submit-button\" onclick=\"WatuPRO.submitResult(event)\" id=\"action-button\" value=\"View Results\"  \/>\n\t\t<\/div>\n\t\t<\/div>\n\t\t\n\t<input type=\"hidden\" name=\"quiz_id\" value=\"12660\" id=\"watuPROExamID\"\/>\n\t<input type=\"hidden\" name=\"start_time\" id=\"startTime\" value=\"2026-07-16 06:31:23\" \/>\n\t<input type=\"hidden\" name=\"start_timestamp\" id=\"startTimeStamp\" value=\"1784183483\" \/>\n\t<input type=\"hidden\" name=\"question_ids\" value=\"\" \/>\n\t<input type=\"hidden\" name=\"watupro_questions\" value=\"491859:1899955 | 491860:1899956 | 491861:1899957 | 491862:1899958 | 491863:1899959 | 491864:1899960 | 491865:1899961 | 491866:1899962 | 491867:1899963 | 491868:1899964 | 491869:1899965 | 491870:1899966 | 491871:1899967 | 491872:1899968 | 491873:1899969 | 491874:1899970 | 491875:1899971 | 491876:1899972 | 491877:1899973 | 491878:1899974 | 491879:1899975 | 491880:1899976 | 491881:1899977 | 491882:1899978 | 491883:1899979 | 491884:1899980 | 491885:1899981 | 491886:1899982 | 491887:1899983 | 491888:1899984 | 491889:1899985 | 491890:1899986 | 491891:1899987 | 491892:1899988 | 491893:1899989 | 491894:1899990 | 491895:1899991 | 491896:1899992 | 491897:1899993 | 491898:1899994\" \/>\n\t<input type=\"hidden\" name=\"no_ajax\" value=\"0\">\t\t\t<\/form>\n\t<p>&nbsp;<\/p>\n<\/div>\n\n<script type=\"text\/javascript\">\n\/\/jQuery(document).ready(function(){\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \t\nvar question_ids = \"491859,491860,491861,491862,491863,491864,491865,491866,491867,491868,491869,491870,491871,491872,491873,491874,491875,491876,491877,491878,491879,491880,491881,491882,491883,491884,491885,491886,491887,491888,491889,491890,491891,491892,491893,491894,491895,491896,491897,491898\";\nWatuPROSettings[12660] = {};\nWatuPRO.qArr = question_ids.split(',');\nWatuPRO.exam_id = 12660;\t    \nWatuPRO.post_id = 129441;\nWatuPRO.store_progress = 0;\nWatuPRO.curCatPage = 1;\nWatuPRO.requiredIDs=\"0\".split(\",\");\nWatuPRO.hAppID = \"0.25865700 1784183483\";\nvar url = \"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/show_exam.php\";\nWatuPRO.examMode = 1;\nWatuPRO.siteURL=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-admin\/admin-ajax.php\";\nWatuPRO.emailIsNotRequired = 0;\nWatuPROIntel.init(12660);\nWatuPRO.inCategoryPages=1;});    \t \n<\/script>\n\n\n\n<h2 class=\"wp-block-heading\">Improve Your Knowledge with CIPS L4M8 Exam Dumps<\/h2>\n\n\n\n<p>Regular practice remains one of the most effective ways to prepare for the Procurement and Supply in Practice (L4M8) exam. DumpsBase\u2019s CIPS L4M8 dumps V9.02 mirror the actual exam format, helping you:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Familiarize yourself with different question types<\/li>\n\n\n\n<li>Sharpen problem-solving abilities<\/li>\n\n\n\n<li>Identify and strengthen weak areas<\/li>\n\n\n\n<li>Build confidence through repeated exposure to core concepts<\/li>\n<\/ul>\n\n\n\n<p>Consistent use of these practice questions significantly improves exam readiness and reduces surprises on test day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Come to DumpsBase to get the updated materials for your Procurement and Supply in Practice (L4M8) exam preparation. The L4M8 dumps V9.02 are available with 200 practice questions and answers, which are accurate, verified content designed to help you master key procurement concepts and walk into the exam room with confidence. More Info About the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13445,13446],"tags":[14915,14916],"class_list":["post-129441","post","type-post","status-publish","format-standard","hentry","category-cips","category-cips-level-4-diploma-in-procurement-and-supply","tag-l4m8","tag-l4m8-exam-dumps"],"_links":{"self":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/129441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/comments?post=129441"}],"version-history":[{"count":2,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/129441\/revisions"}],"predecessor-version":[{"id":129443,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/129441\/revisions\/129443"}],"wp:attachment":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/media?parent=129441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/categories?post=129441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/tags?post=129441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}