CIPS L3M2 Exam Questions - Navigate Your Path to Success

The CIPS Ethical Procurement and Supply (L3M2) exam is a good choice and if the candidate manages to pass CIPS Ethical Procurement and Supply exam, he/she will earn CIPS Level 3 Advanced Certificate in Procurement and Supply Operations Certification. Below are some essential facts for CIPS L3M2 exam candidates:

TrendyCerts offers 90 Questions that are based on actual CIPS L3M2 syllabus.
Our CIPS L3M2 Exam Practice Questions were last updated on: Mar 01, 2025

Sample Questions for CIPS L3M2 Exam Preparation

Question 1

'Sometimes descriptions of the need are best created by a cross-XXXX team'. What does XXXX represent here?

AFunicular

BRegional

CIndustrial

DFunctional

Correct : D

Cross-functional.

That is, drawn from a number of functions, or departments, within an organisation.

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Question 2

The letters 'EOQ' refer to:

AA person's level of 'emotional intelligence'

BThe notion of there being a best time to order

CThe idea of an optimum quantity to order

DThe idea of an optimum quality to order

Correct : C

The Economic Order Quantity is a formula which attempts to calculate the most efficient quantity to order at any given time, by attempting to reconcile the cost of stockholding and the cost of plac-ing an order. This could then have implications for the timing of an order being placed.

The cost of holding stock can be reasonably accurately calculated and agreed with one's peers. However, determining the cost of placing an order can keep colleagues up late into the night, and can be a great topic to liven up a sleepy procurement / finance function.