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Pass the CIPS Level 4 Diploma in Procurement and Supply L4M4 Questions and answers with Dumpstech
Faisal, a hospital procurement specialist, includes adherence to certain standards in a medical equipment tender. What is the benefit of incorporating standards in a specification?
When sourcing an item of strategic importance and high value in the public sector, is it important to advertise this publicly?
Which of the following should be conducted during the analysis of tender responses?
Produce a report on each submission
Review the pre-qualification questionnaire
Check the arithmetical accuracy of each tender
Evaluate the market dynamics
Other than price, what should a buyer consider when evaluating supplier quotations?
Lead times
Add-on costs
Wastage rates
Past performance
The Freedom of Information Act is a piece of UK legislation which allows members of the public to request information on issues such as public sector sourcing. When a request is made, it is compulsory for the public sector to provide this information to the public. Is this statement true?
Which of the following is a UK legislation concerning product safety?
The balance sheet (statement of financial position) is one of the financial statements used in assessing a supplier’s financial stability. The balance sheet contains information on such items as …
When working closely with a supplier, waste can be reduced which can lead to improved business functions and cost savings. Which of the following are wastes that can be removed from the supply chain? Select THREE.
Tendering is a more formal and regimented process than sending out requests for quotations. Which of the following are services that are often put out to tender? Select THREE.
Which of the following is true for CIPS members who sign and comply with the CIPS Code of Conduct? Members can ...
gain an understanding of ethical and successful business operations
acquire automatic entitlement to government sponsorship
enjoy continued CIPS membership and access to resources
bypass the need to comply with other voluntary or legal codes