Free CIPS L3M4 Exam Questions
Absolute Free L3M4 Exam Practice for Comprehensive Preparation
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CIPS L3M4 Exam Questions
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Provided By: CIPS
- Exam: Team Dynamics and Change (L3M4)
- Certification: Level 3 Advanced Certificate in Procurement and Supply Operations
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Total Questions: 148
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Updated On: Feb 18, 2025
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Rated: 4.9 |
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Online Users: 296
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Question 1
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You are a procurement manager for a successful electrical component re-seller and distributor. The company
presently carries stock of over fifty thousand different items, some of which may be variances of the same
product, or similar products from different manufacturers. The managing director of the business is looking to
increase the margin on products sold and has asked for your support. It is a competitive industry with a
customer base that will be resistant to a price increase. Which of the following could support this request?
Answer: C
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You are a procurement manager for a successful electrical component re-seller and distributor. The company
presently carries stock of over fifty thousand different items, some of which may be variances of the same
product, or similar products from different manufacturers. The managing director of the business is looking to
increase the margin on products sold and has asked for your support. It is a competitive industry with a
customer base that will be resistant to a price increase. Which of the following could support this request?
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Question 2
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Prior to circulating the service specification to a tendering supplier, it is good practice for the purchasing
organisation to request completion of a non-disclosure agreement. Is this statement correct?
Answer: B
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Prior to circulating the service specification to a tendering supplier, it is good practice for the purchasing
organisation to request completion of a non-disclosure agreement. Is this statement correct?
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Question 3
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Which of the following is a qualitative key performance indicator?
Answer: C
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Which of the following is a qualitative key performance indicator?
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Question 4
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Which of these statements is a correct description of a contract?
Answer: B
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Which of these statements is a correct description of a contract?
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Question 5
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While it is recognised that longer-term contracts have the potential to drive significant benefits for the
organisation, a number of situations are more suited to making one-off purchases. Which of the below
situations is likely to be more suited to a one-off purchase?
Answer: A
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While it is recognised that longer-term contracts have the potential to drive significant benefits for the
organisation, a number of situations are more suited to making one-off purchases. Which of the below
situations is likely to be more suited to a one-off purchase?