L4M8 PROCUREMENT & SUPPLY IN
PRACTICE QUESTIONS WITH 100%
CORRECT ANSWERS { GRADED A+}
How many stages are there within the CIPS Procurement Cycle? -
✔✔The CIPS procurement cycle has 13 stages:
1. Understand need and develop a high-level specification.
2. Market/commodity options including make-versus-but assessment.
3. Develop strategy/plan.
4. Pre-procurement market tests and market engagement.
5. Development of required documentation, e.g. request for quotation
(RFQ).
,6. Supplier selection to participate in an invitation to tender (ITT).
7. Issue invitation to tender/request for quotation.
8. Bid/tender/quotation evaluation and validation.
9. Contract award and implementation.
10. Warehouse logistics and receipt.
11. Contract performance review and continuous improvement.
12. Supplier relationship/contract management.
13. Asset management/end of life.
What is stage 1 of the CIPS Procurement Cycle? - ✔✔Understand need
and develop a high-level specification.
What is stage 2 of the CIPS Procurement Cycle? -
✔✔Market/commodity options including make-versus-but assessment.
What is stage 3 of the CIPS Procurement Cycle? - ✔✔Develop
strategy/plan.
,What is stage 4 of the CIPS Procurement Cycle? - ✔✔Pre-procurement
market tests and market engagement.
What is stage 5 of the CIPS Procurement Cycle? - ✔✔Development of
required documentation, e.g. request for quotation (RFQ).
What is stage 6 of the CIPS Procurement Cycle? - ✔✔Supplier
selection to participate in an invitation to tender (ITT).
What is stage 7 of the CIPS Procurement Cycle? - ✔✔Issue invitation
to tender/request for quotation.
What is stage 8 of the CIPS Procurement Cycle? -
✔✔Bid/tender/quotation evaluation and validation.
What is stage 9 of the CIPS Procurement Cycle? - ✔✔Contract award
and implementation.
What is stage 10 of the CIPS Procurement Cycle? - ✔✔Warehouse
logistics and receipt.
, What is stage 11 of the CIPS Procurement Cycle? - ✔✔Contract
performance review and continuous improvement.
What is stage 12 of the CIPS Procurement Cycle? - ✔✔Supplier
relationship/contract management.
What is stage 13 of the CIPS Procurement Cycle? - ✔✔Asset
management/end of life.
When developing a specification, on what two models can it be focused?
- ✔✔• Performance specification
• Technical (conformance) specification
How should a specification be developed? - ✔✔The specification
should be developed together with stakeholders and colleagues to ensure
that the final design is fit for purpose and that it meets the generated
need.
PRACTICE QUESTIONS WITH 100%
CORRECT ANSWERS { GRADED A+}
How many stages are there within the CIPS Procurement Cycle? -
✔✔The CIPS procurement cycle has 13 stages:
1. Understand need and develop a high-level specification.
2. Market/commodity options including make-versus-but assessment.
3. Develop strategy/plan.
4. Pre-procurement market tests and market engagement.
5. Development of required documentation, e.g. request for quotation
(RFQ).
,6. Supplier selection to participate in an invitation to tender (ITT).
7. Issue invitation to tender/request for quotation.
8. Bid/tender/quotation evaluation and validation.
9. Contract award and implementation.
10. Warehouse logistics and receipt.
11. Contract performance review and continuous improvement.
12. Supplier relationship/contract management.
13. Asset management/end of life.
What is stage 1 of the CIPS Procurement Cycle? - ✔✔Understand need
and develop a high-level specification.
What is stage 2 of the CIPS Procurement Cycle? -
✔✔Market/commodity options including make-versus-but assessment.
What is stage 3 of the CIPS Procurement Cycle? - ✔✔Develop
strategy/plan.
,What is stage 4 of the CIPS Procurement Cycle? - ✔✔Pre-procurement
market tests and market engagement.
What is stage 5 of the CIPS Procurement Cycle? - ✔✔Development of
required documentation, e.g. request for quotation (RFQ).
What is stage 6 of the CIPS Procurement Cycle? - ✔✔Supplier
selection to participate in an invitation to tender (ITT).
What is stage 7 of the CIPS Procurement Cycle? - ✔✔Issue invitation
to tender/request for quotation.
What is stage 8 of the CIPS Procurement Cycle? -
✔✔Bid/tender/quotation evaluation and validation.
What is stage 9 of the CIPS Procurement Cycle? - ✔✔Contract award
and implementation.
What is stage 10 of the CIPS Procurement Cycle? - ✔✔Warehouse
logistics and receipt.
, What is stage 11 of the CIPS Procurement Cycle? - ✔✔Contract
performance review and continuous improvement.
What is stage 12 of the CIPS Procurement Cycle? - ✔✔Supplier
relationship/contract management.
What is stage 13 of the CIPS Procurement Cycle? - ✔✔Asset
management/end of life.
When developing a specification, on what two models can it be focused?
- ✔✔• Performance specification
• Technical (conformance) specification
How should a specification be developed? - ✔✔The specification
should be developed together with stakeholders and colleagues to ensure
that the final design is fit for purpose and that it meets the generated
need.
