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L4M1 Scope and Influence of Procurement and Supply Questions and Answers

Questions 4

Explain the impact that having a Corporate Governance Framework can have on the policies and processes of the procurement department (25 points)

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Questions 5

Describe what is meant by the 5 Rights of Procurement (25 points)

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Questions 6

Discuss 3 areas of regulation relating to competition that a procurement professional should be aware of (25 points)

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Questions 7

What is meant by a structured procurement process? (10 marks) Why is this important? (15 marks).

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Questions 8

Explain, with examples, the three different ways one can categorise procurement spend: direct vs indirect, capital expenditure vs operational expenditure and stock vs non-stock items. (25 points)

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Questions 9

What is an electronic system? Describe the following: e-requisitioning, e-catalogues, e-sourcing, e-payment technologies (25 marks)

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Questions 10

Explain, with examples, the advantages of a Procurement Department using electronic systems (25 marks)

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Questions 11

Jan is a Contracts Manager at ABC Ltd and has recently awarded a contract to XYZ Ltd. Describe how she can manage the contract and supplier, detailing ways of monitoring performance and adding value for ABC Ltd (25 marks)

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Questions 12

What is meant by the term ‘centralised procurement’? (10 points) Explain 2 forms of Hybrid Procurement Structures (15 points).

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Questions 13

Describe 3 stages of the sourcing cycle that occur in the post-contract award stage (25 marks)

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Exam Code: L4M1
Exam Name: Scope and Influence of Procurement and Supply
Last Update: Mar 31, 2025
Questions: 44
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