Get a glimpse of the real L4M1 certification exam challenges with our free CIPS L4M1 practice test questions.
Question 1
Provide a definition of a stakeholder (5 points) and describe 3 categories of stakeholders (20 points).
Question 2
Describe the main characteristics of, and differences between, procuring goods, services and construction works (25 points)
Question 3
Explain, with examples, the three different ways one can categorise procurement spend: direct vs indirect, capital expenditure vs operational expenditure and stock vs non-stock items. (25 points)
Question 4
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)
Question 5
Explain what is meant by added value (5 points). Describe 4 ways the Procurement Department can add value for their organisation (20 points)
Master the Scope and Influence of Procurement and Supply L4M1 exam like never before! You’ve reviewed the free L4M1 practice questions, but the actual Level 4 Diploma in Procurement and Supply certification exam demands more. Elevate your preparation with Certsmarket premium Level 4 Diploma in Procurement and Supply L4M1 practice exam questions.
Our Level 4 Diploma in Procurement and Supply practice test questions are aligned with the current topics and meticulously mirror the Level 4 Diploma in Procurement and Supply L4M1 real exam.
Gain invaluable insights to address your knowledge gaps and boost your confidence with Certsmarket L4M1 realistic practice questions. Invest in your CIPS L4M1 exam success today!
Get Preparation Material Now!
