CIPS L4M8 Procurement and Supply in Practice Online Training
CIPS L4M8 Online Training
The questions for L4M8 were last updated at Feb 05,2025.
- Exam Code: L4M8
- Exam Name: Procurement and Supply in Practice
- Certification Provider: CIPS
- Latest update: Feb 05,2025
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What advantages could there be to holding excessive inventory?
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Using the case study about Toyata, which type of benchmarking Tada has used when comparing the Toyata with Porsche?
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Describe a current or recent trade war of which you are aware and explain the implication it has for world trade.
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What are the four stages of decommissioning?
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Explain the concept of the 3Ps/TBL and how it can be used by an organization.
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Describe two negative factors associated with ordering excess inventory.
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What is contract performance review and continuous improvement?
Which Incoterm applies here?
The supplier is responsible for delivering the goods directly onto the vessel that will transport them to their named destination. As soon as the goods are on the vessel, the risk transfers to the buyer
- A . FOB C Free On Board
- B . DAP C Cost and Freight
- C . CIF C Cost Insurance and Freight
- D . FAS C Free Alongside Ship
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Explain why risk should be evaluated prior to the disposal of any assets.
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Explain which factors should be considered when deciding the quantity of a product to order.