CIPS L4M8 real exam prep : Procurement and Supply in Practice

Exam Code: L4M8
Exam Name: Procurement and Supply in Practice
Updated: Sep 30, 2026
Q&As: 198 Questions and Answers

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CIPS L4M8 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Ethical and Sustainable Procurement	15-20%	- Modern slavery and fair trade - Supply chain transparency - Environmental sustainability in procurement - Corporate Social Responsibility (CSR) - Ethical sourcing considerations
Topic 2: Supplier Relationship Management	20-25%	- Risk management in supplier relationships - Supplier development and improvement - Partnership and collaboration models - Supplier relationship types - Supplier performance measurement (KPI, scorecards)
Topic 3: Strategic Sourcing and Category Management	20-25%	- Strategic sourcing process - Spend analysis techniques - Supplier segmentation and criticality analysis - Category segmentation
Topic 4: Procurement Process and Procedures	25-30%	- Requirements gathering and specification - Contract award criteria - Supplier selection methods - Procurement cycle stages - Purchase ordering and goods receipt
Topic 5: Practical Application Scenarios	15-20%	- Case study analysis - Problem-solving and decision-making - Applying theory to real-world procurement situations - Recommendation and justification skills

CIPS Procurement and Supply in Practice Sample Questions:

Question #1

What are five recognized types of modern slavery?

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Correct Answer:

See the answer in explanation.
Explanation:
Modern slavery is against ethical and responsible sourcing. Modern slavery is one of the areas to understudy for procurement professionals to carry out ethical and responsible sourcing and this is recognized in five ways.
1. Human trafficking: The process of seeking, recruiting, transporting and exploiting individuals to work against their will. Often human trafficking includes violence, deception, and coercion.
2. Bonded labour (debt bondage): This is an individual's promise to provide service through ex-ploitation as repayment, or part thereof, of a dept or other obligation.
3. Forced labour: Work that people are forced to do with the treat of punishment if it is not carried out.
4. Children labour: The exploitative and illegal employment of children.
5. Domestic slavery: Individuals exploited through working in private households for little or no money in return for living accommodation

Question #2

What is depreciation and deterioration?

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Correct Answer:

See the answer in explanation.
Explanation:
When an organization want to purchase an asset, it considers the depreciation and deterioration in the whole life of the asset and how it will be manage.
Depreciation is the reduction in value of a tangible and a fixed asset over time. The purpose of calculating the depreciation of the asset is to give the organization a fair and current view of what the asset is worth at a particular time. Depreciation is a way of converting the cost of an asset into an expense over a period of time.
Depreciation is a permanent feature listed against an asset throughout its life time and it based on wear and tear, reduction in performance and reduction in value.
Deterioration is the process of something becoming lower in quality or performance. The longer the asset can last without deteriorating the better value the asset represents.

Question #3

Using the case study about Toyata, which type of benchmarking Tada has used when comparing the Toyata with Porsche?

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Correct Answer:

See the answer in explanation.
Explanation:
Benchmarking is the process of comparing a function, process or performance with another which is best-in- class. Benchmarking is either internal or external. External benchmarking has three types; 1) Competition benchmarking, 2) Functional 3) Generic Company Toyota with the Porsche a competition in the same industry and by suggesting that drives will find the cars performances comparable with that of Porsche Cayman sports car, suggest think it is an external competitive benchmark.

Question #4

Research the ethical standard or accreditations of an industry with which you are familiar

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Correct Answer:

See the answer in explanation.
Explanation:
If a supplier is accredited or is a member of an association that promotes good ethical conduct, a statement to this effect is likely to be featured on its company documentation. This could be in a form of letters after the organization name or the authorized use of logo.
Accreditation information should be verified by procurement professionals either asking organiza-tion for certification to prove membership or accreditation or checking on a professional register.
Below are associated bodies that form some industries.
1. ISO 14001 - for quality management
2. CIPS - for procurement and Supply
3. Red Tractor - NGO Registered in the UK, promoting human right
4. Amnesty International - human right
5. Carbon Trust - For Carbon neutral status.

Question #5

What is needed for a contract to be binding?

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Correct Answer:

See the answer in explanation.
Explanation:
A contract is written or verbal agreement, made between two or more parties that is legally enforceable. For a contract to be legally binding it must include intention of parties entering into the contracts. All parties must have the capacity to contract or be contracted. They must be of a sound mind, there should be a promise (offer) for per-formance from the other party and an exchange (consideration) of one thing for another within an agreement for contract to be binding, and there must be an acceptance of the offeror's offer by the offeree.

CIPS L4M8 real exam prep : Procurement and Supply in Practice

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