CIPS L3M2 Ethical Procurement and Supply Online Training
CIPS L3M2 Online Training
The questions for L3M2 were last updated at Nov 22,2024.
- Exam Code: L3M2
- Exam Name: Ethical Procurement and Supply
- Certification Provider: CIPS
- Latest update: Nov 22,2024
The Profex textbook for this subject, states that ‘specifications are said to be ‘the heart of the con-tract’. The book then goes on to state that goods supplied must be ‘fit for…’
- A . A King
- B . Usage
- C . The requirement
- D . Purpose
You work as a buyer for a large international corporation. You are currently involved in negotiating a high-value contract, and one of the supplier’s representatives offers to take you to a dog-racing event, with all expenses paid. The offer is open to the whole of your procurement team.
What do you do?
- A . Decline
- B . Accept
The purpose of a specification is (select all that apply):
- A . Provide a means of evaluation of a product or service
- B . Act as a means of exchange
- C . Define the requirement
- D . Communicate the requirement clearly
Van Weele wrote that ‘quality is the degree in which XXXX requirements are met. We speak of a quality product or quality service when supplier and XXXX agree on requirements and those requirements are met’.
- A . Replace XXXX.
- B . Specifier
- C . Designer
- D . Customer
- E . Manufacturer
Thinking of Carter’s 10 C’s, the ‘c’ for Commitment refers to:
- A . Delivery
- B . Profit
- C . Quality
- D . Customer
Restricted or limited tendering is also sometimes known as:
- A . Effective
- B . Elective
- C . Selective
- D . Invective
‘Efficiency is measured in terms of a quantity of …’
- A . Output per unit of input resource
- B . Resource per unit of input
- C . Input per unit of output resource
- D . Throughput
Which two of the following would be unlikely to increase value for money for an organisation?
- A . Attending social events at supplier’s expense
- B . Use of value analysis or value engineering
- C . Standardisation of components
- D . Accepting a late bid in a tender process
‘Expediting’ is:
- A . Setting off for Nepal
- B . Taking an audit of warehouse stock
- C . Seeking approval for organisational expenditure
- D . Chasing up orders already placed
XXXX can be defined as ‘easy and timely access to information’, according to the Profex textbook for this subject.
What is XXXX?
- A . E-procurement
- B . Tendering
- C . Due diligence
- D . Transparency
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