Pass Guaranteed Quiz 2023 CIPS L4M8: Newest Procurement and Supply in Practice High Quality
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L4M8 exam is designed to assess candidatesu2019 ability to analyze, synthesize, and evaluate information, and to demonstrate their understanding of the key concepts and principles of procurement and supply management.r CIPS L4M8 Exam is a highly respected certification for procurement and supply chain professionals. It provides individuals with the knowledge and skills needed to succeed in today's competitive business landscape. With the increasing demand for skilled procurement and supply chain professionals, completing this program can be a valuable asset to anyone looking to advance their career in this field.r >> L4M8 High Quality <<r Exam L4M8 Papers | L4M8 Reliable Test Practicer Knowledge about a person and is indispensable in recruitment. That is to say, for those who are without good educational background, only by paying efforts to get an acknowledged L4M8 certification, can they become popular employees. 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With our test-oriented L4M8 Test Prep in hand, we guarantee that you can pass the L4M8 exam as easy as blowing away the dust, as long as you guarantee 20 to 30 hours practice with our L4M8 study materials.r CIPS Procurement and Supply in Practice Sample Questions (Q31-Q36):r NEW QUESTION # 31 What are the five stages in Tuckman's team Development model?r Answer: r Explanation:Tuckman's team development model depicts from where a team is formed to the various stages they might experience before the end where the objective is achieved and these includes.1) Forming: here they are just being put together2) Storming: conflict and competition begin to arise3) Norming: here agreement and consensus is reached as roles and responsibility is clear.4) Perform: They start carrying out the roles and responsibility5) Adjourning: Task is complete and they are dischargedr NEW QUESTION # 32 What are the definition of a new buy and a modified re-buy?r Answer: r Explanation:A new buy is the purchase of goods and services by an organization or an individual for its first time. For example a transport organization for the very first time contracting the purchase of a Lorry out to an external supplier. In situations like this, it is advisable to start the procurement cycle from the very first stage. Which is understanding the need and developing high level specification.Modified re-buy is the purchase of goods or services that an organization has bought before there was a need but with changes to the specification or supplier or quantity or quality. In carrying out modified re-buy, procurement professional should start from the very first stage of the procurement cycle to justify the added need and follow through. Not in all cases that buyer would have to start from understanding the need. In a situation where the changes required is a change of supplier, the organization will start from its preferred suppliers list and contract the next ranking supplier as the case may be.r NEW QUESTION # 33 What is Iso 14001?r Answer: r Explanation:14001 set out as international standards for an environmental management system.r NEW QUESTION # 34 What are the four methods that can be used to try to resolve dispute?r Answer: r Explanation:Conflict or dispute is the final area a procurement professional considers when creating terms for a contract with a supplier. If conflict or dispute arises, there must be a process put in place in the contract to try to resolve it and these includes; a) Negotiation, b) mediation, c) arbitration and d) litigation.Negotiation is usually carried out between senior people within organization that are in conflict, if they cannot reach an agreement through negotiation, mediation is the next stage, mediation is when a third party tries to help find a resolution among the parties in dispute. If mediation fails arbitration can start, arbitration involve independent professionals (arbitrators) working with all the party to try to reach an agreement. Parties do not have a formal or legal obligation to follow the arbitrator's recommendation. Arbitration is expensive. If arbitration fails to resolve the conflict, the final stage is litigation, litigation takes time and money, and most people avoid it. It is a legal process where a court decides on the outcome of the dispute. The judge's ruling is final.r NEW QUESTION # 35 Explain why risk should be evaluated prior to the disposal of any assets.r Answer: r Explanation:Disposal of an asset is the final stage in the decommissioning process of a fixed asset.When a fixed asset reaches the end of its useful or cost effective life time within an organization, the decision is made as to whether it should be removed from the premises or disposed off.The process of disposing an asset cannot be without its risk, for example there could be pollution in the community, waste or hazardous materials that could affect the underground water or humans around.These risks should be identified, evaluated to come up with a response strategy on how to avoid or mitigate them causing damage to human, property, business and the environment.r NEW QUESTION # 36......r The 24/7 support team is just an e-mail away for our customers so that they can contact us anytime. Our team will solve all of their issues as quickly as possible. 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