About CIPS L4M8 Exam

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CIPS L4M8 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Whole Life Asset & Cost Management	25%	- Total cost of ownership concept 1. Purchase, operation, maintenance and disposal costs 2. Hidden costs and supply chain risks 3. Cross-functional collaboration and data use 4. Legal, environmental and waste management obligations
Topic 2: Sourcing Process & Supplier Management	25%	- Stages of strategic sourcing 1. Creation of contract terms and specifications 2. Supplier evaluation, selection and award 3. Stakeholder engagement and communication 4. Supplier performance monitoring and development
Topic 3: Ethics, Responsibility & Compliance	25%	- Ethical and responsible sourcing application 1. Anti-bribery, corruption and human rights protection 2. Sustainability and ESG integration 3. CIPS Code of Conduct and professional standards 4. Regulatory compliance and ethical governance
Topic 4: Application of Procurement Cycle	25%	- Key stages of procurement cycle in practice 1. Tendering and selection processes 2. Defining business needs and requirements 3. Market analysis and supplier research 4. Contract formation and management

CIPS Procurement and Supply in Practice Sample Questions:

1. Which four procurement cycle stages happen after the award of the contract?

2. Use the balance sheet below to work out the correct ratio for coffee Time and explain whether the company appears to have enough assets to cover it liability.