CIPS Whole Life Asset Management (L4M7) Practice Test

Which activity is most specifically associated with buying rather than the wider procurement process?

Developing a sourcing strategy Placing an order with a supplier Evaluating whole-life cost Managing supply-chain sustainability

Placing an order with a supplier

Buying is the physical act of placing an order or making a purchase, whereas procurement covers a much wider set of activities.

Access more questions from this quiz

Continue to CIPS Whole Life Asset Management (L4M7) Practice Test for more practice questions and the full quiz experience.