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CIPS L4M8 Certification Exam covers a wide range of topics related to procurement and supply, including procurement processes, supplier evaluation and selection, contract management, negotiation, and risk management. L4M8 exam is designed to test the candidate's knowledge and understanding of the key principles and concepts of procurement and supply, as well as their ability to apply this knowledge in practical situations.

CIPS L4M8 exam is part of the CIPS Level 4 Diploma in Procurement and Supply, which is designed for individuals who are starting or progressing a career in procurement and supply chain management. L4M8 exam is essential for professionals who want to demonstrate their knowledge and skills in procurement and supply chain management and gain a recognized qualification in the industry. Passing the CIPS L4M8 exam is a significant milestone in the career of a procurement and supply chain professional.

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CIPS Procurement and Supply in Practice Sample Questions (Q102-Q107):

NEW QUESTION # 102
What are the 3Ps in the triple bottom line.

Answer:

Explanation:
Trying to measure how sustainable an organization was use to be challenging undertaking. However, during the 1990s, a concept brought up by American John Elkington change the way sustainability was measured. This framework is known as the triple bottom line (TBL) and measures sustainability in relation to organizational performance and investment against the 3Ps (1) Profits (2) People (3) Planet. For example; Profit: A packaging manufacturer reinvesting its profits in State- of-the-art recycling machinery for it wasted cardboard.
People: A large privately owned call centre donate its end of life computers to a local youth clubs and social groups to help gain internet cases.
Planet: A driving instructors using only hybrid vehicles to teach her learners, thus to reducing Co2 emission.


NEW QUESTION # 103
What are the reasons that a contract can legally be terminated?

Answer:

Explanation:
A contract is written or verbal agreement, made between two or more parties that are legally en-forceable. 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 performance from the other party and an exchange (consideration) of one thing for another within an agreement for contract to be binding, there must be an acceptance of the offeror's offer by the offeree.
There are many reasons contract can legally be terminated, including non-performance by one or both parties, a significant change in the requirement.
There are several reasons contract can legally be terminated, including non-performance by one or both parties; breach of material, failure to meet service level agreement, ethical breaches, a significant change in the requirement of either party caused by ethical change in the market, change in Demand, obsolescence, contract completion. The procurement professionals should get an exit strategy that should encourage a stress free disengagement should incase there are no profitable reason to continue with the contract.


NEW QUESTION # 104
Explain the difference between bonded and forced labor.

Answer:

Explanation:
Bonded labour and forced labour are among the five types of modern slavery which is against ethical and responsible sourcing.
Bonded labour also known as debt bondage, this is an individual's promise to provide services through exploitation as repayment, or part of them, of a debt or other obligation whereas forced labour is work that people are forced to do with the heat of punishment if it is not carried out.
(Correct)


NEW QUESTION # 105
Which theory relates to the 3Ps

Answer:

Explanation:
Trying to measure how sustainable an organization was use to be challenging undertaking. However, during the 1990s, a concept brought up by American John Elkington change the way sustainability was measured. This framework is known as the triple bottom line (TBL) and measures sustainability in relation to organizational performance and investment against the 3Ps (1) Profits (2) People (3) Planet. For example; Profit: A packaging manufacturer reinventing its profits in a State- of-the-art recycling machinery for it wasted cardboard.
People: A large privately owned call centre donate its end of life computers to a local youth clubs and social groups to help gain internet cases.


NEW QUESTION # 106
What advantages could there be to holding excessive inventory?

Answer:

Explanation:
Holding excessive inventory can reduce the impact of extended lead time. i.e. by saving the buying organization from downtime, reputation loss, and also it can generate revenue for the organization if there is a sudden increase in demand.


NEW QUESTION # 107
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