CIPS L4M8 Procurement and Supply in Practice Online Training
CIPS L4M8 Online Training
The questions for L4M8 were last updated at Apr 17,2024.
- Exam Code: L4M8
- Exam Name: Procurement and Supply in Practice
- Certification Provider: CIPS
- Latest update: Apr 17,2024
CORRECT TEXT
What is needed for a contract to be binding?
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Explain why it is deemed better to use Sea freight rather than air
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What are the two options for the disposal of an asset if resale is not possible?
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What are the definition of a new buy and a modified re-buy?
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Looking at stage 8 of the procurement and supply cycle, what does TCA mean?
CORRECT TEXT
Explain why it is deemed better to use Sea freight rather than air.
What Incoterm applies here?
The goods are considered ‘delivered’ at the point of release from the supplier’s premises or another name place. The supplier is not responsible for loading or transporting the goods and does not have to arrange export clearance C this must be arranged by the buyer. The risk is on the buyer from this point.
a) EXW C Ex Works
b) FCA C Free Career
c) CPT C Carriage Paid To
d) CIP C Carriage and Insurance Paid to
- A . EXW C Ex Works
- B . FCA C Free Career
- C . CPT C Carriage Paid To
- D . CIP C Carriage and Insurance Paid to
CORRECT TEXT
What are the five stages in Tuckman’s team Development model?
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Describe two negative factors associated with ordering excess inventory.
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What are five recognized types of modern slavery?
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