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Practice CIPS L4M1 Exam Questions

    1. Page: 1/8
      Total 40 Questions
    Question No 1
    What is ‘supply chain management’? Outline the drivers, advantages and disadvantages of using this
    approach within the Procurement Department of an organisation (25 points)
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    Question No 2
    Describe the main differences between a traditional procurement approach and supply chain
    management approach to buying (25 points)
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    Question No 3
    Describe what is meant by the 5 Rights of Procurement (25 points)
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    Question No 4
    Explain what is meant by added value (5 points). Describe 4 ways the Procurement Department can
    add value for their organisation (20 points)
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    Question No 5
    Bob is a procurement manager at ABC Ltd. He has been asked to ensure all future purchases achieve
    ‘value for money’ for the organisation. What is meant by ‘value for money’? (5 points). Describe 4
    techniques that Bob could use to achieve this (20 points)
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    1. Page: 1/8
      Total 40 Questions
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