CIPS L4M3 Actual Free Exam Questions & Community Discussion

Which of the following is used to detail the complex matter that may be verbiage to the main document?

Bandpro is a reseller of branded computer products to the private and public sector. The procurement team must purchase 500 items each day solely by multiple phone calls and emails to suppliers. Due to this practice, it takes a lot of time to track and collect relevant documents.Some important documents even get lost, which makes procurement audit more burdensome. Which of the following would increase the robustness of audit trails in procurement activities?

Maximum Score: 1
An urgent component requirement needs to be purchased to meet the timescales of a project. A supplier proposes using its standard terms and conditions. What risk to the buying organisation could this bring?

Which of the following is likely to reduce risks of different rules regarding when offers and acceptance become effective between legal systems?

Company A sends a purchase order complete with a set of conditions of contract for the provision of professional services to Company B. Company B responds with an invoice complete with a set of its own conditions of contract. Company A pays the invoice. Whichconditions of contract take legal precedence?

Which of the following would be steps in the preparation of an invitation to tender? Select TWO that apply.

When should liquidated damages clauses be written into a contract?

Electro Systems PLC is a public sector manufacturer of highly technical solutions for the telecommunications industry. The market in which it operates is fast-paced and ever-changing because of the latest inventions and developments. The products it procures are high-cost and can be subject to lengthy lead times. Michael Jones, the procurement director, believes that establishing framework agreements would be beneficial to the tendering process. How could this assist them?

Which of the following should be specially noticed in market dialogue with suppliers in specification development?