Latest [Jan 11, 2025] CIPS L3M4 Real Exam Dumps PDF [Q74-Q93]

admin L3M4 CIPS January 11, 2025

Rate this post

Latest [Jan 11, 2025] CIPS L3M4 Real Exam Dumps PDF

L3M4 Practice Test Questions Updated 152 Questions

CIPS L3M4 Exam Syllabus Topics:

Topic	Details
Topic 1	Understand the challenges associated with, and methods to achieve organizational change: In this section, the CIPS L3M4 exam will test your grasp of organizational change. You will need to describe different types of organizational change, identify triggers for such changes, and explain how organizations typically respond. Additionally, you should be able to outline effective methods for implementing change.
Topic 2	Understand team dynamics and their influence on procurement and supply: For this CIPS Team Dynamics and Change exam topic, procurement and supply professionals will be assessed on their knowledge of how team dynamics affect procurement and supply processes. Candidates must describe the purpose and challenges of cross-functional teams, as well as the overall contribution and obstacles of team collaboration.
Topic 3	Know how the individual can support overall organizational success in procurement and supply: In the CIPS L3M4 exam, aspiring procurement and supply professionals will need to demonstrate their understanding of how personal attributes contribute to organizational success in procurement and supply. This involves recognizing the roles of staff with devolved responsibilities, and highlighting the importance of effective liaison with internal customers and stakeholders.

NEW QUESTION 74
Contract terms are statements by the parties to the contract as to what they understand their rights and obligations to be under the contract. It is important from the outset that there is a genuine agreement between the parties as to what the contract terms are. After the contract has been made, it is too late for either party to alter its terms unilaterally. Which of the following is another role that negotiated contract terms might play?

Defining conditions and contingencies that may alter the arrangement

Ensuring any future contracts will be on the buyer’s terms

Providing a guarantee that the supplier will never fail to perform under any circumstances

Identifying the type of contractual disputes in which the courts might decline to adjudicate

NEW QUESTION 75
Spot the one which is one of the seven wastes.

Refectories

Defectives

Rejects

Defects

NEW QUESTION 76
According to CIPS, procurement and supply management for CIPS members is a(n) (choose best fit):

Academic subject

Skill

Harmless activity

Profession

CIPS regards procurement as a profession, and encourages members to describe it in that way.
Procurement should be regarded as a profession in the same way that lawyers and accountants are regarded as professionals.

NEW QUESTION 77
Where there is transformational change coupled with a slow rate of change, is this:

Evolution

Adaptation

Revolution

Reconstruction

This is a description of Evolution.
The others answers given may be the subject of other questions in this test.

NEW QUESTION 78
Which of the following is a qualitative key performance indicator?

To increase on-time in-full deliveries by 40%

To reduce costs by 10% over a year

To improve customer relationships by 20%

To reduce the defect rate to below 25%

NEW QUESTION 79
‘A person may exert power on the basis of their formal authority or status’ Which of the French and Raven sources of power is being described here?

Reward

Referent

Legitimate

Expert

The Chief Executive has power because they are in the post of the Chief Executive.
The Head of Procurement has power because they carry that job title.
They may also have other sources of power such as expert power, or charisma, but the correct re-sponse to the question 17
‘Coercive’ and ‘informational’ can also be sources of power not shown in the question.

NEW QUESTION 80
‘A person who solves difficult problems with original and creative ideas’. From the Belbin ‘problem solving / thinking’ section:

Plant

Monitor / evaluator

Specialist

The answer is the ‘Plant’. The creativity and originality is what the Plant is renowned for.
The other answers offered may be covered in other question.

NEW QUESTION 81
Which of the following would be suitable key performance indicators (KPIs) for suppliers’ performance?
* Ensure you have customer loyalty
* Value or percentage of cost reductions obtained
* Win an award in the next 12 months
* Percentage of on-time in-full deliveries

1 and 3 only

2 and 4 only

1 and 4 only

2 and 3 only

NEW QUESTION 82
‘Using resources to a more productive effect, either by producing more output with the same re-source, or using less resource to obtain the same output’. This is a description of:

Efficiency

Effectiveness

Economy

Efficiency.
This is a clear explanation of what is meant by ‘efficiency’.
Economy and effectiveness are addressed by other questions in this L3 series of tests including in this subject.

NEW QUESTION 83
‘A person who sees the big picture. Thinks accurately and carefully. May lack energy and the ability to inspire others’.
Which one Belbin’s team roles is being described here?

Resource-investigator

Co-ordinator

Plant

Monitor / evaluator

Monitor / evaluator.
Please see your textbook for descriptions of all nine roles.

NEW QUESTION 84
A buyer is in the process of supporting colleagues internally in the drafting of a specification for a new product. They have limited personal knowledge of the product and of the market. They are at the very early stages of drafting the specification and are seeking to increase their knowledge, whilst at the same time, keeping their likely future needs a commercial secret at this stage. Which of the following would be the best method of achieving this?

Interview staff from finance

Advertising on a relevant online forum

General networking at relevant trade events

Issue a formal request for information

NEW QUESTION 85
R Meredith Belbin made a distinction in his work between ‘solo leaders’, who were kind-of historic leaders; and ‘team leaders’ who are seen as being leaders for modern times, or are ‘of the future’.
From the list shown, select the one answer which represents the team leader, rather than the solo leader.

Seeks conformity: expects all team members to be similar and act and think the same way.

Sets objectives and separate tasks for individual team members

Encourages diversity, and lets team members be themselves

Plays an unlimited role in team activities

The correct answer is: ‘Encourages diversity, and lets team members be themselves’ All of the other behaviours shown are ‘solo leadership’ behaviours, and are much more directive or even ‘interfering’. In Belbin’s view, clearly, people should aspire to be ‘team leaders’ rather than ‘solo leaders’.
It might be that some of the famous leaders historically such as Winston Churchill, Alex Ferguson, John F Kennedy, Laurens van der Post, Eva Peron, were ‘solo leaders’. ?

NEW QUESTION 86
The creation of the internet / world wide web is an illustration of what kind of turbulence within the environment?

Technological

Market

Competitive

Technological turbulence creating in its turn, both competitive and market turbulence.

NEW QUESTION 87
Which one of the following is unlikely to appear in an organisational procurement manual?

Staff names

Instructions

Policies

Procedures

Staff names.
One of the ‘benefits’ of the creation of organisations large enough to have procurement manuals is that individuals can be replaced in their posts by others. This is part of the basis of Weber’s theory of bureaucracy. Charles Handy, a great UK management writer tells a story of how he took up a new post for a large oil company, and on his office door the job title was affixed permanently, but his own name was presented in a readily-replaceable label. He realised when he saw this how easily his employer thought he could be replaced.
Thus, procurement manuals are unlikely to name individual staff members – policies and procedures, posts and activities, yes.

NEW QUESTION 88
Continuous improvement – making small changes in operations and activities in a never-ending way – is called in Japanese:

Zazen

Paisan

Chozen

Kaizen

Kaizen – continuous improvement.
Small changes.
The other answers are essentially unrelated and facetious.

NEW QUESTION 89
‘All procurement requirements valued at more than $100,000 must be competitively tendered, and any contracts arising therefrom must be signed by the Procurement Director’. This is an example of a:

Procurement threshold

Minimum order quantity

Standard contract term

Statute

This is an example of a procurement threshold.
Below the threshold, one set of actions; above the threshold, another set of actions.
As an aside, one relatively common and undesirable practice is to ‘disaggregate’ a requirement – break a requirement down into smaller units, to avoid having to conform with the rule. Such behav-iour, can be, in some situations, be unlawful, and can bring an organisation and possibly the individ-uals concerned into disrepute.
I hope you can see why it is none of the other answer options available.

NEW QUESTION 90
Which two of the following actions are most likely to be carried out by the supplier?

Inspect the delivered goods

Submit invoice

Deliver

Expedite

Deliver and submit invoice.
Expediting and inspecting the goods, once delivered, would be tasks for the buyer – not always necessary, depending on circumstances, and depending on the quality of the supplier’s operations.

NEW QUESTION 91
According to CIPS / Profex, which one of the following is not a connected stakeholder? Select one.

Shareholders

Suppliers

Customers

Trade unions

The correct answer is trade unions, although I can think of a few trade union leaders who would like to think of themselves as being connected.
According to the Profex book for this subject, connected stakeholders ‘are not part of the organisa-tion, but have direct legal, contractual or commercial dealings’ with a firm.

NEW QUESTION 92
Which of the following departments would be both internal customers and internal suppliers of an organisational procurement function? Select all that apply.

Accounting and finance

Legal department

Human resources

Information and communications technology

All options apply.
All of the named departments will both take and provide services from / to the procurement func-tion.

NEW QUESTION 93
Which of the following are key performance indicators (KPIs) that could be used to monitor the safety of a workplace? Select TWO that apply.

The number of non-routine maintenance call-outs per month

The number of orders and deliveries for personal protective equipment (PPE)

The number of reported accidents and incidents per month

A calculation of the number of injuries sustained per number of hours worked

Loading …