Are you preparing for the CIPS L4M8 exam? If so, you might want to read this post, where I will analyze the main topics that were asked in the exam and give you some tips on how to answer them. Q1: This question tests your understanding of the Defining need stage in the procurement cycle. You need to explain why it is important to have clearly defined requirements for a given scenario. You can use the benefits of Defining need…
Clear policies and guidance Though having mechanism for check and balance is important, it is simply not enough. An organisation should have its own rules regarding corruption and bribery. The rules must be well written into documents called policies. Guidance is further instruction to implement the policies. The auditors will depend on these policies and guidance to report about the misconducts of in-charge officers. Without policies and guidance, every actions would be acceptable. Regarding bribery and corruption, there are three…
Procurement is a function that exposes to the risk of corruptions. The risk may occur in any sector, whether public or private or non-for-profit. Left unchecked, corruption may become a culture within an organisation and hard to be removed. Corruption damages trust within the organisation, leading to weaker collaboration and lower productivity. Anti-corruption is at the centre of ethical and responsible procurement. This post will suggest you some methods to curb and control the bribery risks in procurement and supply….