Page: 1
/
18
Total 90 questions
Curious about Actual CIPS Level 3 Advanced Certificate in Procurement and Supply Operations (L3M2) Exam Questions?
Here are sample CIPS Ethical Procurement and Supply (L3M2) Exam questions from real exam. You can get more CIPS Level 3 Advanced Certificate in Procurement and Supply Operations (L3M2) Exam premium practice questions at TestInsights.
Question 1
'Sometimes descriptions of the need are best created by a cross-XXXX team'. What does XXXX represent here?
Correct : D
Cross-functional.
That is, drawn from a number of functions, or departments, within an organisation.
Start a Discussions
Submit Your Answer:
Question 2
The letters 'EOQ' refer to:
Correct : C
The Economic Order Quantity is a formula which attempts to calculate the most efficient quantity to order at any given time, by attempting to reconcile the cost of stockholding and the cost of plac-ing an order. This could then have implications for the timing of an order being placed.
The cost of holding stock can be reasonably accurately calculated and agreed with one's peers. However, determining the cost of placing an order can keep colleagues up late into the night, and can be a great topic to liven up a sleepy procurement / finance function.
Start a Discussions
Submit Your Answer:
Question 3
Cause and effect diagrams, also known as Ishikawa diagrams, are sometimes also known, because of their shape, as:
Correct : D
Fishbone diagram.
Start a Discussions
Submit Your Answer:
Question 4
Use of competition is most obviously going to influence which of the following 'rights'?
Correct : C
All aspects of an acquisition may be impacted by the use of competition - normally favourably - but the one we are most likely to see immediate impact on is 'price'.
Start a Discussions
Submit Your Answer:
Question 5
The objective of value engineering has been described as:
Correct : B
Value engineering, like value analysis, but at the design stage, seeks to create at least as great an output, but with fewer components / inputs.
Start a Discussions
Submit Your Answer:
All Official Question Types