CIPS L4M8 : Procurement and Supply in Practice

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CIPS L4M8 Exam Syllabus Topics:

CIPS Procurement and Supply in Practice Sample Questions:

1. Justify which of the five approaches to condition performance monitoring you think is the most cost effective within whole life asset management.

2. Explain FIVE Environmental. Social and Governance (ESG) considerations for TechSpark Global when developing its sourcing approach for the new mineral.
(25 marks)
TechSpark Global
TechSpark Global (TSG) is a global consumer electronics company. It supplies 80 markets across four global regions. It supplies directly to electronic goods retailers.
TSG's unique selling point is its strong commitment to sustainable and ethical manufacturing, and sourcing practices in the electronics sector.
TSG has recently identified a new high-efficiency rare earth mineral which significantly improves the performance and lifespan of solar panels. TSG intends to use this new mineral as the basis for a new product range of solar-powered portable chargers.
Potential strong consumer demand exists for these eco-friendly and high-performance chargers, and TSG anticipates fast market growth for the new product. However, the company is conscious that the new mineral's supply base is primarily in countries where ESG issues arise. These issues include labour rights and conditions, environmental degradation due to mining practices, and the safety regulations of mineral processing plants which may also be problematic.

3. What do STEEPLE and SWOT stand for?

4. How does positive social impact present itself?

5. When should whole life asset management be applied?

Solutions: