L4m1 - Study guides, Class notes & Summaries
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L4M1 - Chapter 3 QUESTIONS & ANSWERS(RATED A)
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What is corporate governance? - ANSWER Corporate governance is the system of standards, procedures and policies by which an organisation is controlled 
 
- a framework that is created around the organisation's values and objectives, making an organisation effective, efficient and successful 
 
What is a conflict of interest? - ANSWER A conflict of interest occurs when a procurement professional has to make a decision that may affect them personally
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CIPS L4M1 - Question & Answer Past Exam Questions Already Passed
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CIPS L4M1 - Question & Answer Past 
Exam Questions Already Passed 
 
O1. Outline FIVE differences between purchasing goods and purchasing services. 1. Goods 
are tangible, services are intangible: 
2. Services cannot be separated from their supplier: 
3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 
4. Services 'perish' immediately on delivery whereas goods can be stored until required 
5. Products are easier to specify, being tangible 
 
O2. Ex...
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CIPs L4M1 LO1- Questions and Answers
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CIPs L4M1 LO1- Questions and Answers 
Supply Chain Network Correct Ans-Evolution of basic supply chain to include all other 
parties involved in the entire supply process rather than just one element. A two-way 
exchange of information. A one-way flow of good
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CIPS L4M1 EXAM STUDY GUIDE SUMMARIZED AND VERIFIED
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CIPS L4M1 EXAM STUDY GUIDE SUMMARIZED AND VERIFIED
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CIPS L4M1 Scope and Influence of Procurement and Supply Questions with Complete Solutions
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CIPS L4M1 Scope and Influence of Procurement and Supply Questions with Complete Solutions
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CIPS L4M1 questions with complete solutions 2024/2025
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CIPS L4M1 questions with complete solutions 2024/2025Stakeholders - correct answer In any activity an organization undertakes, whether strategic, operational or tactical, the activity can only be successful with the input, commitment and support of its key stakeholders. Gaining and maintaining the support and commitment of stakeholders requires a continuous process of engaging the right stakeholders at the right time and understanding and managing their expectations. 
 
Global Supply Chains - ...
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CIPS L4M1 (Level 4 Module 1) SUMMARIZED STUDY GUIDE RATED A.
- Exam (elaborations) • 75 pages • 2024
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CIPS L4M1 (Level 4 Module 1) SUMMARIZED 
STUDY GUIDE RATED A.
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CIPS L4M1 QUESTIONS & SOLUTIONS (RATED A)
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Stakeholders - ANSWER In any activity an organization undertakes, whether strategic, operational or tactical, the activity can only be successful with the input, commitment and support of its key stakeholders. Gaining and maintaining the support and commitment of stakeholders requires a continuous process of engaging the right stakeholders at the right time and understanding and managing their expectations. 
 
Global Supply Chains - ANSWER a dynamic worldwide network when a company purchases or ...
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L4M1 Scope of influence of procurement and supply Questions and Answers
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L4M1 Scope of influence of procurement and supply 
Questions and Answers 
Kraljic's Portfolio analysis / Matrix Correct Ans-1) Leverage - high cost, low risk (vast 
competition, low cost to switch). ricity. 
2) Strategic - high cost, high risk. (critical supplier, core products)
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CIPS L4M1 SUMMARIZED STUDY GUIDE TO ACE YOUR EXAMs
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CIPS L4M1 SUMMARIZED STUDY GUIDE TO ACE 
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