Get a glimpse of the real L5M4 certification exam challenges with our free CIPS L5M4 practice test questions.
Question 1
SIMULATION
What is the difference between competitive and non-competitive sourcing? (12 marks)
In which circumstances may a non-competitive sourcing approach be more appropriate? (13 marks)
Question 2
SIMULATION
What is the difference between competitive and non-competitive sourcing? (12 marks)
In which circumstances may a non-competitive sourcing approach be more appropriate? (13 marks)
Question 3
SIMULATION
Peter is looking to put together a contract for the construction of a new house. Describe 3 different pricing mechanisms he could use and the advantages and disadvantages of each. (25 marks)
Question 4
SIMULATION
How could an organisation approach conducting an Industry Analysis? Describe the areas which would be useful to analyse. (25 marks)
Question 5
SIMULATION
Explain three different types of financial data you could collect on a supplier and what this data would tell you (25 marks)
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