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CIPS L4M4 Certification Materials, Exam L4M4 Study Guide

We provide updated and real CIPS L4M4 exam questions that are sufficient to clear the Ethical and Responsible Sourcing (L4M4) exam in one go. The product of Itcertking is created by seasoned professionals and is frequently updated to reflect changes in the content of the L4M4 Exam Questions.

CIPS L4M4 Exam Syllabus Topics:

Topic
Details

Topic 1

Understand the key processes that can be applied to the analysis of potential external suppliers:

Topic 2

Understand compliance issues when sourcing from suppliers: It explores legislative, regulatory, and organizational requirements for sourcing. It compares the use of audit and other mechanism of feedback.

Topic 3

Understand options for sourcing requirements from suppliers: This section covers the sourcing process, approaches, options, and award criteria for obtaining requirements from suppliers. The sub-topics provide a foundation for strategic sourcing.

Topic 4

This section examines analyzing market data, obtaining quotations
tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.

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Pass-Sure CIPS - L4M4 - Ethical and Responsible Sourcing Certification Materials

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CIPS Ethical and Responsible Sourcing Sample Questions (Q178-Q183):

NEW QUESTION # 178
A buyer is only interested in working with suppliers who have strong Environmental and Social Governance practices. It is therefore using ethical criteria as supplier selection stage to determine which suppliers to work with. Which of the following statements is true?

A. compliance with Codes of Conduct from professional bodies is mandatory
B. the buyer should ask suppliers to be accredited to ISO9001
a supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs
C. ethical behaviour is impossible to determine as issues such as Modern Slavery often go undetected

Answer: B

Explanation:
A supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs is the correct answer.
The other options are wrong:
1) Compliance with Codes of Conduct from professional bodies is optional. E.g. CIPS - no organi-sation is forced to comply with CIPS.
2) Unethical behaviour is not impossible to detect, it may be difficult but with correct due diligence and things like audits it's completely possible
3) ISO 14001 is quality management so is irelevent.

NEW QUESTION # 179
Mark is an audio visual category buyer in the public sector and is looking to purchase a large quantity of interactive screens for medical lecture rooms across a university campus. Mark expects this to cost in excess of £950,000 and suggests to his user group that a competitive tendering process should take place. Was this the right approach?

A. Yes, as all public sector procurement should go through a competitive tendering process
B. Yes, because the anticipated value requires a competitive tendering process to take place
C. No, competitive tendering should only be used when the value justifies the resources required
D. No, because the competitive tendering process will be time-consuming for the university

Answer: B

Explanation:
In the public sector, procurement activities exceeding certain financial thresholds are required to undergo competitive tendering processes. The anticipated expenditure of £950,000 surpasses the threshold that mandates a formal tendering procedure to ensure compliance with public procurement regulations, promote competition, and achieve value for money.
Exact Extract from Study Guide:
"Public sector procurement activities that exceed specified financial thresholds must follow formal competitive tendering procedures to ensure transparency and compliance with regulations."

NEW QUESTION # 180
Why would you use a credit score to appraise a supplier?

A. to understand if their prices reflect market value
B. to understand the level of risk the supplier poses to your organisation
C. to find out if the supplier has any unethical business practices
D. to find out how much money the supplier has in the bank

Answer: B

Explanation:
A credit rating generates a score which reflects 'the level of risk an organisation poses when dealing with other businesses'. It's saying how risky it is to loan them money or do business with them by looking at how good they are at paying people. So a high credit rating will say they're good at paying back their loans and paying their suppliers on time. A poor credit rating will say they often miss payments or pay late.
A credit rating will not tell you how much money they have, or details on their prices. Credit scores looks at purely financial data so wouldn't help you analyse whether their business practices are ethical or not.

NEW QUESTION # 181
A supplier operates in a monopolistic market where the threat of entry is low. The product that they offer is key in manufacturing certain types of submarines and there is no known substitute for the product at present.
What type of sourcing relationship is a buyer likely to have with this supplier?

A. dual sourced
B. sole sourced
C. multiple sourced
D. single sourced

Answer: B

Explanation:
This is sole sourcing as there is only one supplier in the marketplace.
Be careful not to confuse single sourcing and sole sourcing. Single sourcing is when a buyer chooses to work with only one supplier (usually to achieve economies of scale), sole sourcing, on the other hand, is when the buyer doesn't have a choice- they work with one supplier because there is only one supplier in the market.
Types of sourcing is a key concept for this exam.

NEW QUESTION # 182
The sourcing process is considered to include the initial stages of the generic procurement cycle, up to the stage where the contract is awarded to the successful bidder. The stages in the sourcing process may include ...

A. Processing the requisitions to facilitate call-offs against a newly created framework contract
B. Reminding the design manager to approve the drawings which will accompany the invitation to tender documents
C. Engaging with suppliers to ensure that they are achieving the KPIs set in the contract
D. Comparing the supplier's delivery note with the purchase order to confirm the specification

Answer: B

Explanation:
In the sourcing process, obtaining necessary approvals (such as drawings for the invitation to tender) is critical to ensure clarity and readiness before engaging with suppliers. Responsible sourcing emphasizes structured preparation, ensuring compliance and accuracy in supplier expectations.

NEW QUESTION # 183
......

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