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L4M8 Pass Test Guide, Current L4M8 Exam Content

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The customizable mock tests make an image of a real-based Procurement and Supply in Practice (L4M8) exam which is helpful for you to overcome the pressure of taking the final examination. Customers of TroytecDumps can take multiple Procurement and Supply in Practice (L4M8) practice tests and improve their preparation to achieve the L4M8 Certification. You can even access your previously given tests from the history, which allows you to be careful while giving the mock test next time and prepare for Procurement and Supply in Practice (L4M8) certification in a better way.

Users can customize the time and L4M8 questions of CIPS L4M8 practice tests according to their needs. You can give more than one test and track the progress of your previous attempts to improve your marks on the next try. These L4M8 mock tests are made for customers to note their mistakes and avoid them in the next try to pass Procurement and Supply in Practice (L4M8) exam in a single try.

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Current L4M8 Exam Content, L4M8 Test Pattern

Learning knowledge is not only to increase the knowledge reserve, but also to understand how to apply it, and to carry out the theories and principles that have been learned into the specific answer environment. Studying for attending Procurement and Supply in Practice exam pays attention to the method. The good method often can bring the result with half the effort, therefore we in the examination time, and also should know some test-taking skill. The L4M8 Quiz guide on the basis of summarizing the past years, found that many of the questions, the answers have certain rules can be found, either subjective or objective questions, we can find in the corresponding module of similar things in common.

CIPS Procurement and Supply in Practice Sample Questions (Q14-Q19):

NEW QUESTION # 14
Which Incoterm applies here?
The supplier is responsible for delivering the goods to a point alongside a water vessel (such as a dock or quay) as determined by the buyer at a named port. Once delivered, all risk is transferred to the buyer until the goods are transported and delivered to their name destination.

  • A. DAT – Delivered At Terminal
  • B. DDP – Delivery Duty Paid
  • C. FAS – Free Alongside Ship
  • D. DAP – Delivered At Place

Answer: C

NEW QUESTION # 15
Explain with examples three differences between offers and invitation to treat.

Answer:

Explanation:
An offer is created when one party communicates to another or to multiple parties that they wish to enter into a legal binding agreement in accordance with the terms stated, for example; a company in promotion advertising for buyers to buy one and get one free, an offer is a buying organization communicating to a supplier to supply X number of goods and be paid x amount upon delivery at company premises, an offer is when a football club proposes to pay X amount to a player if agrees to play for them for a month. An offer can be legally banded if accepted, whereas invitation to treat does not. An invitation to treat is just an invitation from one party to another to begin negotiations with the intention of creating an offer. If an offer is made without stating terms, this becomes an invitation to treat, for example, an invitation to treat is when a pharmacy displays a drug in its shelf. An invitation to treat can be linked to a request a buyer send to suppliers asking them for specific information.

NEW QUESTION # 16
Create a list of primary and secondary Data sources?

Answer:

Explanation:
Data can be primary or secondary
Primary data are derived from original work or research through experience. Primary data can be gathered from the following sources; 1) Interview (2) survey (3) meetings (4) case studies.
Secondary data is derived from a previous source, i.e. somebody else has gathered the data. Sec-ondary data can be gained from; (1) Books (2) Websites, Trade magazines, etc

NEW QUESTION # 17
What are the four stages of decommissioning?

Answer:

Explanation:
When a fixed asset reaches the end of its life, it requires decommissioning before reconditioning or disposal.
Decommissioning is to observe all the safety measures and technical procedures and stop active machinery or an asset from operation (example gas plan, generator, transformer etc.
Decommissioning process include the following aspect
1) Preparation: Plan the process
2) Dismantle: Take the asset apart and remove hazardous waste
3) Processing: make safe any hazardous waste
4) Disposal: Ensure paper work is received to confirm removal and disposal

NEW QUESTION # 18
Which four procurement cycle stages happen after the award of the contract?

Answer:

Explanation:
The procurement cycle is the heart of purchasing, sourcing and supplying and should be followed in day-to-day practice in the industry. The procurement cycle has thirteen stages. Contract award is stage 9, and the stages after the contract award are; Stage 10: ware house, logistic and receipt Stage 11: Contract performance review and continuous improvement Stage 12: SRM/SCM and contract management Stage 13: Asset management, lessons learned, end of life.

NEW QUESTION # 19
……

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Efficient L4M8 Pass Test Guide Covers the Entire Syllabus of L4M8

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