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Free L4M4 Exam Braindumps

Guillerme is a Category Manager within the procurement department of a Manufacturing company. In his Category there are 200 items he procures, and he has recently undertaken an ABC analysis of these.
Which of the following items would be C category items?

  1. high value items
  2. one-off purchases
  3. tail spent
  4. strategic sourcing

Answer(s): C

Explanation:

The C category is the 'tail spend' - it represents a large number of suppliers of small value items. I recommend giving this a read ABC Classification & ABC Method | CIPS



GDP is an economic index that a procurement professional can use to measure economic dat

  1. What does GDP tell you?
  2. the value of public limited companies within a country
  3. the monatary value of the goods manufactured in a financial period
  4. the value of commodities such as steel, oil and wheat at a point in time
  5. average changes in price over a year

Answer(s): B

Explanation:

GDP = gross domestic product = "the monetary value of goods and services manufactured or sup- plied in a financial period". People use it to say whether a country's economy is strong or weak. Stock markets look at the value of public limited companies within a country. Commodity indices look at the value of commodities such as steel, oil and wheat at a point in time Average changes in price over a year can be measured by CPI or PPI



FTSE100 and Sensex are examples of what?

  1. stock markets
  2. commodity indices
  3. financial reports
  4. public sector organisations

Answer(s): A

Explanation:

they are stock markets.
What is the FTSE 100 Index? Complete Beginner's Guide (moneycheck.com) BSE SENSEX ­ Wikipedia



If a commodity index shows that the price of a commodity is continually rising, what does this indicate about the market?

  1. that there is little demand in the marketplace
  2. demand is exceeding supply
  3. there is a threat of substitution
  4. the marketplace is a monopoly

Answer(s): B

Explanation:

The correct answer is 'demand is exceeding supply'- If everyone wants to buy something, the sup- pliers will likely increase the price.
If there was little demand or there were threats of substitutions, this would likely result in a price decrease.






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