Best CIPS L4M8 2022 Training With 106 QA’s [Q54-Q77]

NEW QUESTION 54
Explain which factors should be considered when deciding the quantity of a product to order.

NEW QUESTION 55
Which theory relates to the 3Ps

NEW QUESTION 56
What is the retention of title clause also known as?

NEW QUESTION 57
Which four procurement cycle stages happen after the award of the contract?

NEW QUESTION 58
Which type of power is most likely to be used in corruption?

NEW QUESTION 59
Using the case study about Toyata, which type of benchmarking Tada has used when comparing the Toyata with Porsche?

NEW QUESTION 60
Explain with examples three differences between offers and invitation to treat.

NEW QUESTION 61
Think of a supply chain with which you are familiar and distinguish between the primary, second-ary and tertiary sector organization within it.

NEW QUESTION 62
Create a list of tangible, intangible, direct and indirect needs within an organization with which you are familiar.

NEW QUESTION 63
KPI should be written to match which area of an organization?

NEW QUESTION 64
Explain which company you would award the contract to base on the weighted score card in table below.

NEW QUESTION 65
How can procurement professionals select suppliers?

NEW QUESTION 66
Explain why it is deemed better to use Sea freight rather than air

NEW QUESTION 67
What are the eight elements of whole life asset management?

NEW QUESTION 68
What advantages could there be to holding excessive inventory?

NEW QUESTION 69
What happens in the public sector, regarding providing feedback?

NEW QUESTION 70
Describe five types of contract terms that a procurement professional should create with a supplier when forming an agreement.

NEW QUESTION 71
What effect is technology having on jobs within an organization with which you are familiar with?

NEW QUESTION 72
Describe three ways in which a buyer could or test the market in other to assist with determining a need.

NEW QUESTION 73
Describe a situation where amendment or an addendum would need to be created

NEW QUESTION 74
Which Incoterm applies here?
The supplier is responsible for delivering the goods to the buyer’s premises, bearing all risk up until this point.

NEW QUESTION 75
Write down a list of assets that belong to an organization with which you are familiar.

NEW QUESTION 76
Which Incoterm applies here?
The supplier is responsible for delivering the goods directly onto the vessel that will transport them to their named destination and must also cover the cost of this. The supplier bears all risks until the goods are delivered to the buyer at their named place.

NEW QUESTION 77
What are the five stages in Tuckman’s team Development model?