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CIPS L4M4 Exam Syllabus Topics:

Section	Weight	Objectives
Understand options for sourcing requirements from suppliers	25%	- Tendering and selection processes 1. Open, restricted and negotiated procedures 2. Award criteria and evaluation methods - Sourcing approaches and strategies 1. Domestic vs international sourcing 2. Single, multiple and sole sourcing 3. Insourcing, outsourcing and offshoring
Understand key processes to analyse potential external suppliers	25%	- Supplier appraisal and evaluation 1. Financial stability and risk assessment 2. Quality and performance standards 3. Technical and operational capability - Market analysis and intelligence 1. Supplier capacity and capability assessment 2. Collecting and interpreting market data
Understand ethical and responsible sourcing principles and practices	25%	- Ethical frameworks and concepts 1. Conflict of interest and transparency 2. Fairness, integrity and accountability 3. CIPS Code of Ethics - Sustainable and responsible sourcing 1. Audit, monitoring and improvement 2. Social, environmental and economic impact 3. Supplier development and collaboration
Understand compliance issues when sourcing from suppliers	25%	- Legislative and regulatory requirements 1. Ethical standards and codes of conduct 2. Environmental regulations and sustainability 3. Labour laws, human rights and anti-corruption - Organisational policies and procedures 1. Code of ethics and professional conduct 2. Governance and accountability frameworks

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CIPS Ethical and Responsible Sourcing Sample Questions (Q22-Q27):

NEW QUESTION # 22
The procurement manager has received the following data from the supplier's accounts to facilitate the calculation of the supplier's current ratio:
Current Assets: Stock $200; Debtors $60; Cash $40; Total $300
Short Term Liabilities: Bank overdraft $150
Which calculation will the procurement manager use to find out the current ratio?

A. (300 ÷ 150) × 100
B. (300 - 200 - 150) × 100
C. (300 - 200) ÷ 150
D. 300 ÷ 150

Answer: D

Explanation:
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by dividing current assets by current liabilities. In this case:
Current Assets = $300
Current Liabilities = $150
Current Ratio = 300 ÷ 150 = 2.0
This indicates that the supplier has twice as many current assets as current liabilities, suggesting good short- term financial health.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.3: Financial Appraisal of Suppliers

NEW QUESTION # 23
When assessing social responsibility elements of a supplier's proposal, what type of supporting evidence could a supplier provide?

A. Financial statements detailing profit and loss accounts
B. Evidence of compliance with fair trade standards
C. Results of a customer service survey on delivery performance
D. Quality control reports documenting quality checks in the manufacturing process

Answer: B

Explanation:
Compliance with fair trade standards demonstrates the supplier's commitment to social responsibility, including fair wages and ethical working conditions. This aligns with responsible sourcing practices, ensuring that suppliers maintain ethical labor standards, as advocated in the principles of ethical sourcing.

NEW QUESTION # 24
Tracey Collum is a procurement professional and married to Nick Collum.
Tracey has been leading a tender for a new radar system, where four suppliers have submitted their bids.
After the bids were received, Nick joined one of the suppliers (Supplier X) as the project director for radar systems.
Nick has asked Tracey to award the contract to Supplier X. What should Tracey do?

A. Ask to be removed from the tender due to a conflict of interest and complete a conflict of interest form
B. Award the contract to Supplier X because Nick will be promoted if Supplier X wins the contract
C. Remove Supplier X from the tender due to a conflict of interest and continue with the tender
D. Award the contract to Supplier X because Tracey can ask for a better price because they are married

Answer: A

Explanation:
To maintain integrity and avoid conflicts of interest, Tracey should declare the conflict and remove herself from the tender process. Ethical sourcing practices emphasize transparency and fairness, which prevent potential biases and maintain trust within procurement processes.

NEW QUESTION # 25
The procurement manager has received the following data from the supplier's accounts to facilitate the calculation of the supplier's current ratio:
Current Assets: Stock $200; Debtors $60; Cash $40; Total $300
Short Term Liabilities: Bank overdraft $150
Which calculation will the procurement manager use to find out the current ratio?

A. 300÷200×150300 ÷ 200 × 150300÷200×150
B. (300#150)×100(300 - 150) × 100(300#150)×100
C. 300÷150300 ÷ 150300÷150
D. (300#200#150)×100(300 - 200 - 150) × 100(300#200#150)×100

Answer: C

Explanation:
The current ratio is calculated by dividing total current assets by total current liabilities. Here, dividing $300 by $150 gives a current ratio of 2.0, indicating that the supplier has adequate current assets to cover its short- term obligations, an important factor in supplier evaluation.

NEW QUESTION # 26
A company has a requirement for an item that has been identified as strategic on the positioning model. The company needs to invite competitive tenders and make sure the selected supplier of this item is in a good financial position. What should the company ask the suppliers to send to show that their current assets cover their current liabilities?

A. Gearing ratio
B. Annual turnover
C. Acid test
D. Profit and loss account

Answer: C

Explanation:
The acid test, also known as the quick ratio, measures a company's ability to cover its current liabilities with its most liquid assets, excluding inventory. It is a stringent indicator of short-term financial health. By requesting this ratio, the company can assess whether a potential supplier has sufficient liquidity to meet its obligations, which is crucial when procuring strategic items.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.3: Financial Appraisal of Suppliers

NEW QUESTION # 27
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