CIPS Procurement and Supply in Practice L4M8 Exam Questions in PDF

Free CIPS L4M8 Dumps Questions (page: 3)

What are the four quadrants within the Kraljic portfolio matrix?

  1. See Explanation section for answer.

Answer(s): A

Explanation:

At the early stages In procurement and supply cycle, buyers begin segmenting current supplies in the categories, depending on their level of integration into the organization. To help get this done, the buyer may use the Kraljic portfolio matrix. The kraljic portfolio matrix segment suppliers into four categories, which are;
1) Routine 2) Bottleneck 3) Leverage 4)strategic supplier ·
Refer to the question column for response



What are the four quadrants within the Kraljic portfolio matrix?

  1. See Explanation section for answer.

Answer(s): A

Explanation:

At the early stages In procurement and supply cycle, buyers begin segmenting current supplies in the categories, depending on their level of integration into the organization. To help get this done, the buyer may use the Kraljic portfolio matrix. The kraljic portfolio matrix segment suppliers into four categories, which are;
1) Routine 2) Bottleneck 3) Leverage 4)strategic supplier



Which products or services should not be considered for outsourcing, according to Carter's out- sourcing matrix

  1. See Explanation section for answer.

Answer(s): A

Explanation:

Carters outsource matrix is a useful tool that procurement professionals uses to decide which products or services has a high or low contribution to the organization operation performance and its strategic importance. The matrix segments products/services into four quadrants. These are Eliminate, outsource, strategic alliance and retain.
According to Carters outsource matrix, all product/services that has a high strategic importance should not be outsourced. They should rather be retained in house or carefully chose suitable sup- pliers and go into strategic alliance.
Refer to the question column for response



Which products or services should not be considered for outsourcing, according to Carter's out- sourcing matrix

  1. See Explanation section for answer.

Answer(s): A

Explanation:

Carters outsource matrix is a useful tool that procurement professionals uses to decide which products or services has a high or low contribution to the organization operation performance and its strategic importance. The matrix segments products/services into four quadrants. These are Eliminate, outsource, strategic alliance and retain.
According to Carters outsource matrix, all product/services that has a high strategic importance should not be outsourced. They should rather be retained in house or carefully chose suitable sup- pliers and go into strategic alliance.



Explain how procurement should decide whether to make or buy a product or service.

  1. See Explanation section for answer.

Answer(s): A

Explanation:

Make or buy decision are about whether a products or services should be made within the organization or bought-in from an external supplier.
For a procurement professional to establish which method (make or buy) offers the best value, the item in question must be thought through if it is core to the organization and which option will add more value to the organization, as regards achieving its strategic goals. If it is core the procurement professional decide to make it and if it is not core the product or services can be bought in.
Refer to the question column for response



Share your comments for CIPS L4M8 exam with other users:

A
A K
8/3/2023 11:56:00 AM

correct answer for question 92 is c -aws shield

N
Nitin Mindhe
11/27/2023 6:12:00 AM

great !! it is really good

B
BailleyOne
11/22/2023 1:45:00 AM

explanations for the answers are to the point.

P
patel
10/25/2023 8:17:00 AM

how can rea next

M
MortonG
10/19/2023 6:32:00 PM

question: 128 d is the wrong answer...should be c

J
Jayant
11/2/2023 3:15:00 AM

thanks for az 700 dumps

B
Bipul Mishra
12/14/2023 7:12:00 AM

thank you for this tableau dumps . it will helpfull for tableau certification

H
hello
10/31/2023 12:07:00 PM

good content

M
Matheus
9/3/2023 2:14:00 PM

just testing if the comments are real

Y
yenvti2@gmail.com
8/12/2023 7:56:00 PM

very helpful for exam preparation

M
Miguel
10/5/2023 12:16:00 PM

question 11: https://help.salesforce.com/s/articleview?id=sf.admin_lead_to_patient_setup_overview.htm&type=5

N
Noushin
11/28/2023 4:52:00 PM

i think the answer to question 42 is b not c

S
susan sandivore
8/28/2023 1:00:00 AM

thanks for the dump

A
Aderonke
10/31/2023 12:51:00 AM

fantastic assessments

P
Priscila
7/22/2022 9:59:00 AM

i find the xengine test engine simulator to be more fun than reading from pdf.

S
suresh
12/16/2023 10:54:00 PM

nice document

W
Wali
6/4/2023 10:07:00 PM

thank you for making the questions and answers intractive and selectable.

N
Nawaz
7/18/2023 1:10:00 AM

answers are correct?

D
das
6/23/2023 7:57:00 AM

can i belive this dump

S
Sanjay
10/15/2023 1:34:00 PM

great site to practice for sitecore exam

J
jaya
12/17/2023 8:36:00 AM

good for students

B
Bsmaind
8/20/2023 9:23:00 AM

nice practice dumps

K
kumar
11/15/2023 11:24:00 AM

nokia 4a0-114 dumps

V
Vetri
10/3/2023 12:59:00 AM

great content and wonderful to have the answers with explanation

R
Ranjith
8/21/2023 3:39:00 PM

for question #118, the answer is option c. the screen shot is showing the drop down, but the answer is marked incorrectly please update . thanks for sharing such nice questions.

E
Eduardo Ramírez
12/11/2023 9:55:00 PM

the correct answer for the question 29 is d.

D
Dass
11/2/2023 7:43:00 AM

question no 22: correct answers: bc, 1 per session 1 per page 1 per component always

R
Reddy
12/14/2023 2:42:00 AM

these are pretty useful

D
Daisy Delgado
1/9/2023 1:05:00 PM

awesome

A
Atif
6/13/2023 4:09:00 AM

yes please upload

X
Xunil
6/12/2023 3:04:00 PM

great job whoever put this together, for the greater good! thanks!

L
Lakshmi
10/2/2023 5:26:00 AM

just started to view all questions for the exam

R
rani
1/19/2024 11:52:00 AM

helpful material

G
Greg
11/16/2023 6:59:00 AM

hope for the best

AI Tutor 👋 I’m here to help!