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The CIPS L4M8 exam is a crucial step for procurement and supply chain professionals who wish to advance their careers. This exam is designed to test the practical skills and knowledge required to succeed in the procurement and supply chain field. This exam is part of the Chartered Institute of Procurement and Supply (CIPS) Level 4 Diploma in Procurement and Supply.

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The CIPS L4M8 certification exam is a globally recognized accreditation that demonstrates an individual's expertise in procurement and supply chain management. Those who pass the exam will gain a comprehensive understanding of the industry's best practices, regulations, and ethical standards. Additionally, the certification will provide individuals with a competitive edge in the job market and increase their earning potential. Overall, the CIPS L4M8 certification exam is an excellent investment for procurement and supply chain professionals looking to enhance their knowledge and skills.

The exam covers a broad range of topics, including procurement strategies, negotiation skills, supplier management, ethics and sustainability, contract management, and risk management. The course material is designed to provide individuals with practical skills and knowledge to manage procurement and supply chain operations in their organizations effectively.

NEW QUESTION # 11
Explain how influencing, can relate to corruption within procurement.

Answer:

Explanation:
Influencing is the capacity to be able to change behavior or opinions, either consciously or subconsciously.
As outlined by Yukl and falbets work from 1990 influencing can relate to corruption within pro-curement in these six ways.
1)A party can be assertive (forceful, directive, using deadlines),
2) Ingratiating i.e. using charm and flattery.
3) Exchange-Trading favors,
4) Upward appeal (requesting input for senior management not only that influencing can come as
5) Coalition; team members uniting for support.
5) Rational persuasion, i.e. bringing in logic and facts for clarification.

NEW QUESTION # 12
Which products or services should not be considered for outsourcing, according to Carter's out-sourcing matrix

Answer:

Explanation:
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.
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.

NEW QUESTION # 13
What is depreciation and deterioration?

Answer:

Explanation:
When an organization want to purchase an asset, it considers the depreciation and deterioration in the whole life of the asset and how it will be manage.
Depreciation is the reduction in value of a tangible and a fixed asset over time. The purpose of calculating the depreciation of the asset is to give the organization a fair and current view of what the asset is worth at a particular time. Depreciation is a way of converting the cost of an asset into an expense over a period of time. Depreciation is a permanent feature listed against an asset throughout its life time and it based on wear and tear, reduction in performance and reduction in value.
Deterioration is the process of something becoming lower in quality or performance. The longer the asset can last without deteriorating the better value the asset represents.

NEW QUESTION # 14
Think of a supply chain with which you are familiar and distinguish between the primary, second-ary and tertiary sector organization within it.

Answer:

Explanation:
Supply chain involves a network of individuals, organizations, technology activities and resources to make sure goods or services flow along the chain. If one point fails, every part further along the chain fails.
Fullpower projects (a flour manufacturer) supply chain begins with producers (raw materials, wheat farmers), suppliers, manufactures, distributors, retailers and end users (customer).
Fullpower projects supply chain falls within the primary sector (producers of wheat), the secondary sector include the manufacturing (those that converts the wheat the suppliers brings into flour) and tertiary sector (the distributor those that takes the wheat to the end users).

NEW QUESTION # 15
Create a list of primary and secondary Data sources?

Answer:

Explanation:
Data can be primary or secondary
Primary data are derived from original work or research through experience. Primary data can be gathered from the following sources; 1) Interview (2) survey (3) meetings (4) case studies.
Secondary data is derived from a previous source, i.e. somebody else has gathered the data. Sec-ondary data can be gained from; (1) Books (2) Websites, Trade magazines, etc

NEW QUESTION # 16
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