Cips l4m8 Study guides, Class notes & Summaries
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CIPS L4M8 LO2 with 100% correct answers 2024/2025
- Exam (elaborations) • 19 pages • 2024
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CIPS L4M8 LO2 
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? - correct answer - localised 
- regional 
- national...
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CIPS L4M8 Exam Verified 100% Correct
- Exam (elaborations) • 96 pages • 2024
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CIPS L4M8 Exam Verified 100% Correct
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CIPS L4M8 LO1 with verified solutions 2024/2025
- Exam (elaborations) • 17 pages • 2024
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CIPS L4M8 LO1 
Name all stages of the Procurement Cycle? - correct answer 1) understand need and develop a high-level specification 
2) market/commodity options including make vs buy 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) supplier selection to participate in an invitation to tender (ITT) exercise 
7) issue ITT/RFQ 
8) bid/tender/quotation evaluation and validation ...
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CIPS L4M8 LO1 fully solved graded A+ passed 2024/2025
- Exam (elaborations) • 17 pages • 2024
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CIPS L4M8 LO1 fully solved graded A+ passed 2024/2025Name all stages of the Procurement Cycle? - correct answer 1) understand need and develop a high-level specification 
2) market/commodity options including make vs buy 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) supplier selection to participate in an invitation to tender (ITT) exercise 
7) issue ITT/RFQ 
8) bid/tende...
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CIPS L4M8 Exam Verified 100% Correct
- Exam (elaborations) • 96 pages • 2024
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CIPS L4M8 Exam Verified 100% Correct
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CIPS L4M8(questions & answers)graded A+ 2024/2025
- Exam (elaborations) • 41 pages • 2024
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CIPS L4M8Stage 13: Assets management/end of life - correct answer The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier 
 
Anti-bribery procedures - correct answer -Proportionate procedures: should be in line w...
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CIPS L4M8 LO2 question n answers graded A+ 2024/2025
- Exam (elaborations) • 19 pages • 2024
- Available in package deal
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- $17.99
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what are the stages of ordering? 
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? 
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? 
- localised 
- regional 
- national 
- global 
 
 
 
what factors does the buyer need to cons...
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CIPS L4M8 theories Exam Questions and Answers 100% Pass
- Exam (elaborations) • 14 pages • 2024
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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...
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CIPS L4M8 Exam Verified 100% solved
- Exam (elaborations) • 28 pages • 2024
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- $9.79
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1.	Stage 13: Assest management/end of life: The procurement professional should evaluate whether the need is still current. If it is and unchanged, the pro- curement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier 
2.	Anti-bribery procedures: -Proportionate procedures: should be in line with the ype of bribery risk and scale...
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CIPS L4M8 Chapter 1 Questions and Answers 100% Pass
- Exam (elaborations) • 40 pages • 2024
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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...
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