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CIPS L4M8 exam is an objective assessment of the candidate's knowledge and skills in procurement and supply chain management. L4M8 exam consists of 60 multiple-choice questions, which are designed to test the understanding of procurement and supply chain management concepts, theories, and practices. L4M8 Exam is computer-based and is available globally at Pearson VUE test centers. Candidates have two hours to complete the exam.

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CIPS L4M8 Certification Exam is recognized globally as a mark of excellence in procurement and supply chain management. It is designed for procurement professionals at all levels, from entry-level to senior management. L4M8 Exam is a valuable tool for procurement professionals who are looking to advance their careers and demonstrate their expertise in the field.

CIPS Procurement and Supply in Practice Sample Questions (Q183-Q188):

NEW QUESTION # 183
Explain why risk should be evaluated prior to the disposal of any assets.

Answer:

Explanation:
Disposal of an asset is the final stage in the decommissioning process of a fixed asset.
When a fixed asset reaches the end of its useful or cost effective life time within an organization, the decision is made as to whether it should be removed from the premises or disposed off.
The process of disposing an asset cannot be without its risk, for example there could be pollution in the community, waste or hazardous materials that could affect the underground water or humans around.
These risks should be identified, evaluated to come up with a response strategy on how to avoid or mitigate them causing damage to human, property, business and the environment.


NEW QUESTION # 184
The supplier is responsible for delivering the goods to a named port or destination (such as an air-port or warehouse), as well as unloading them from the terminal from this point, risk passes to the buyer.

Answer: A


NEW QUESTION # 185
Explain why risk should be evaluated prior to the disposal of any assets.

Answer:

Explanation:
Disposal of an asset is the final stage in the decommissioning process of a fixed asset.
When a fixed asset reaches the end of its useful or cost effective life time within an organization, the decision is made as to whether it should be removed from the premises or disposed off.
The process of disposing an asset cannot be without its risk, for example there could be pollution in the community, waste or hazardous materials that could affect the underground water or humans around.
These risks should be identified, evaluated to come up with a response strategy on how to avoid or mitigate them causing damage to human, property, business and the environment.
* Refer to the question column for response


NEW QUESTION # 186
What information should be included on a purchase requisition?

Answer:

Explanation:
RESPONSE
A purchase requisition should contain the following information
1) Date of the requisition
2) Description of what is required
3) Supplier if known
4) The quantity
5) when the need is required
6) why the need is required
7) who identified the need
8) who approved the need
9) if it's a re-buy


NEW QUESTION # 187
What Incoterm applies here?
The supplier is responsible for delivering the goods to a carrier or to an intermediate agreed place. From this point, the buyer is responsible for ensuring these goods reach their named destination.

Answer: B


NEW QUESTION # 188
......

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