EASILY ACCESSIBLE CIPS L4M4 PDF

Easily Accessible CIPS L4M4 PDF

Easily Accessible CIPS L4M4 PDF

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CIPS L4M4 Exam Syllabus Topics:

TopicDetails
Topic 1
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 2
  • 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 3
  • 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 4
  • Understand the key processes that can be applied to the analysis of potential external suppliers:

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CIPS Ethical and Responsible Sourcing Sample Questions (Q193-Q198):

NEW QUESTION # 193
If a company is described as 'liquid' what does this mean?

  • A. the company has enough money to pay short-term liabilities
  • B. the company spends a lot of money
  • C. the company is funded on equity rather than debt
  • D. the company is highly profitable

Answer: A

Explanation:
liquid = the ability to pay short and medium term debts. In simple terms do you have more in stuff (money, assets) than you owe in debt?
Understanding Liquidity and How to Measure It (investopedia.com)
This is a hot topic for the exam. Learn everything in this section.


NEW QUESTION # 194
Which of the following can be undertaken by the buyer in relation to the governance of a supplier's ethical and sustainable behaviours?
* Review the insurance clauses in the contract
* Check that the supplier's internal policies are up to date
* Check the supplier's conflict of interest register for their contract
* Review the non-disclosure agreement for their contract

  • A. 2 and 3 only
  • B. 1 and 4 only
  • C. 2 and 4 only
  • D. 1 and 3 only

Answer: A

Explanation:
Regularly checking supplier policies and conflict of interest registers helps ensure that suppliers are upholding ethical standards, which supports responsible sourcing practices. This governance activity aligns with ethical guidelines to promote transparency and prevent conflicts that could affect the integrity of the supply chain.


NEW QUESTION # 195
Which of the following factors are typically considered when assessing a supplier's financial capacity?

  • A. The supplier's costing methods and markup percentage
  • B. The supplier's profitability and asset levels
  • C. The price quoted in the request for quotation
  • D. The supplier's compliance with regulations for minimum wages

Answer: B

Explanation:
Profitability and asset levels indicate a supplier's financial stability and ability to meet contract demands.
Responsible sourcing practices include assessing financial capacity to reduce risk in the supply chain and ensure long-term supplier viability.


NEW QUESTION # 196
Foresttors Plc is negotiating a new contract for the procurement of timber, a crucial component of its production operations. The company has incorporated environmental, social, and governance (ESG) reporting requirements into the contractual terms. Is this a valid approach?

  • A. Yes, this helps to demonstrate the importance of compliance to ESG
  • B. No, ESG is not within the scope of a contractual document and should always be treated informally
  • C. Yes, providing the contract does not require a supplier to do anything differently for ESG than they have done previously
  • D. No, suppliers cannot be legally responsible for ESG compliance; this should be the buying organization

Answer: A

Explanation:
Incorporating ESG requirements into contractual terms is a valid and increasingly common approach. It ensures that suppliers are contractually obligated to adhere to specific environmental, social, and governance standards, aligning with the buyer's commitment to responsible sourcing. This practice not only promotes ethical behavior but also mitigates risks associated with non-compliance, such as reputational damage or legal penalties.
Exact Extract from Study Guide:
"This unit focuses on responsible procurement practices, ensuring that sourcing decisions align with legal, environmental, and social governance (ESG) principles."


NEW QUESTION # 197
A public sector buyer has run a competitive tender, for which there were eight bidders. All bidders have met the public sector organisation's minimum standards. In addition, they must also meet several other requirements. The buyer will make the contract award decision based on which of the following?

  • A. The bidder's price
  • B. The supplier location
  • C. Framework agreement terms
  • D. Weighted criteria

Answer: D

Explanation:
Weighted criteria allow the buyer to evaluate multiple factors, not just price, to make a fair and balanced decision. This approach ensures responsible sourcing by considering quality, sustainability, and other relevant factors alongside cost, which aligns with public procurement ethics and standards.


NEW QUESTION # 198
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