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As a CIPS training expert, I can provide you with information on how to pass your CIPS L4M8 Procurement and Supply in Practice exam. This exam is designed to assess your practical understanding of procurement and supply chain management concepts and their application in real-world scenarios.
Exam Objectives:
The L4M8 exam covers the following topics:
- Procurement and supply chain management concepts and principles
- Procurement strategies and planning
- Sourcing and supplier selection
- Negotiation and contract management
- Procurement performance management and improvement
- Risk management and ethical procurement practices
- Supply chain sustainability and social responsibility
The exam consists of 60 multiple-choice questions and is designed to test your practical knowledge and understanding of these topics.
Exam Details:
The L4M8 exam is available in both paper-based and computer-based formats and costs £210 (as of 2023). The passing mark is 75%, and you have two hours to complete the exam. The delivery method for the exam can be either at a CIPS exam center or online, depending on the availability in your location.
Who should take the exam?
The L4M8 exam is ideal for individuals who are currently working in procurement or supply chain management roles or those looking to move into these fields. The exam is also suitable for professionals who are looking to enhance their practical knowledge of procurement and supply chain management concepts and their application.
What are the prerequisites and qualifications for taking the L4M8 exam?
There are no specific prerequisites or qualifications required to take the L4M8 exam. However, it is recommended that you have a basic understanding of procurement and supply chain management concepts before taking the exam.
Related Books:
There are several books available that can help you prepare for the L4M8 exam, including:
- CIPS Level 4 Diploma in Procurement and Supply Course Book
- CIPS Procurement and Supply Operations Course Book
- Procurement Principles and Management by Baily, Farmer, Crocker, and Jessop
- Procurement and Supply Chain Management by Lysons and Farrington
- Procurement, Principles and Management by Cousins, Lamming, Lawson, and Squire
It is important to note that these books are not official CIPS publications, but they can provide you with additional resources and insights to help you prepare for the exam.
In conclusion, passing the CIPS L4M8 Procurement and Supply in Practice exam requires a practical understanding of procurement and supply chain management concepts and their application in real-world scenarios. By focusing on the exam objectives, understanding the exam details, and using relevant study materials, you can increase your chances of success.
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