L4M1 Practice Questions

Scope and Influence of Procurement and Supply Exam Practice Test

Total 11 Pages
Total 52 Questions

L4M1 Practice Questions

Question# 1

What is ‘supply chain management’? Outline the drivers, advantages and disadvantages of using this
approach within the Procurement Department of an organisation (25 points)

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Question# 2

Describe the main differences between a traditional procurement approach and supply chain
management approach to buying (25 points)

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Question# 3

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

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Question# 4

Explain what is meant by added value (5 points). Describe 4 ways the Procurement Department can
add value for their organisation (20 points)

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Question# 5

Bob is a procurement manager at ABC Ltd. He has been asked to ensure all future purchases achieve
‘value for money’ for the organisation. What is meant by ‘value for money’? (5 points). Describe 4
techniques that Bob could use to achieve this (20 points)

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L4M1 Practice Questions