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Home > CIPS > CIPS Level 4 Diploma in Procurement and Supply > L4M1

L4M1 Scope and Influence of Procurement and Supply Question and Answers

Question # 4

What is ‘supply chain management’? Outline the drivers, advantages and disadvantages of using this approach within the Procurement Department of an organisation (25 points)

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Question # 5

Provide a definition of a stakeholder (5 points) and describe 3 categories of stakeholders (20 points).

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Question # 6

Discuss 3 areas of regulation relating to competition that a procurement professional should be aware of (25 points)

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Question # 7

Describe what is meant by the 5 Rights of Procurement (25 points)

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Question # 8

Describe the four main ways that a Public Sector organisation can procure goods or services (25 points)

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Question # 9

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)

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Question # 10

Explain what is meant by added value (5 points). Describe 4 ways the Procurement Department can add value for their organisation (20 points)

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Question # 11

What is meant by a structured procurement process? (10 marks) Why is this important? (15 marks).

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Question # 12

Describe the key drivers for organisations who operate in the public, private and third sector (25 marks)

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Question # 13

Describe the main differences between a traditional procurement approach and supply chain management approach to buying (25 points)

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