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CIPS L4M4 Exam Overview:

Certification Vendor:	CIPS (Chartered Institute of Procurement & Supply)
Exam Name:	Ethical and Responsible Sourcing
Exam Number:	L4M4
Available Languages:	English
Exam Price:	Varies by region and assessment center (typically ~£70–£120 per module)
Certificate Validity Period:	No fixed expiry (qualification remains valid once achieved)
Passing Score:	50%
Related Certifications:	CIPS Level 4 Diploma in Procurement and Supply
Real Exam Qty:	Approximately 60 questions
Exam Duration:	120 minutes
Exam Format:	Scenario-based questions, Computer-based exam, Multiple choice questions
Recommended Training:	CIPS Official Learning Resources CIPS Study Hub
Exam Registration:	CIPS Exams and Assessment Information CIPS Official Qualifications Page
Sample Questions:	CIPS L4M4 Sample Questions
Exam Way:	Computer-based examination delivered via authorized test centers (e.g., Pearson VUE) and/or remote proctored options depending on region.
Pre Condition:	No formal prerequisites, but typically taken as part of CIPS Level 4 Diploma progression. Level 3 Diploma knowledge is recommended.
Official Syllabus URL:	https://www.cips.org

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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
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 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 the key processes that can be applied to the analysis of potential external suppliers:
Topic 4	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.

CIPS Ethical and Responsible Sourcing Sample Questions (Q86-Q91):

NEW QUESTION # 86
Single sourcing is only used by buyers where the total requirement is too small to justify splitting orders among more suppliers. Is this statement correct?

A. No, because single sourcing should only be used where there is just one supplier in the market
B. Yes, because single sourcing works well within a volatile supply environment
C. No, because single sourcing may also be used when a requirement demands expensive set-up costs
D. Yes, because many suppliers tend to increase stock variety and stock proliferation

Answer: C

Explanation:
Single sourcing can be appropriate when set-up costs are high, making it impractical to involve multiple suppliers. This aligns with responsible sourcing principles, particularly for high-value or specialised items, where relationship management and collaboration with one supplier can enhance quality and efficiency.

NEW QUESTION # 87
Pre-qualification of suppliers is used to determine if the suppliers meet the basic requirements of the buying organisation. Which of the following is assessed at the pre-qualification stage?

A. capability, culture and pricing schedules
B. pricing structure, ethics and financial stability
C. financial stability, capacity and capability
D. capacity, capability and pricing structure

Answer: C

Explanation:
The correct answer is financial stability (this is done by using all of those lovely ratios in chapter 1.3) and capacity and capability (which are part of Carter's 10 Cs).
At PQQ stage you're looking purely at whether the supplier is good or bad (to put it simply). You don't give them details of your requirement yet, so they're not providing a quote / pricing structure / price schedule at this point in time. That would be at the next stage, IF they pass PQQ, when you issue the tender competition.

NEW QUESTION # 88
The balance sheet (Statement of Financial Position) is one of the financial statements used in providing important information required in determining the supplier's financial stability. The balance sheet contains information on such items as...

A. Capital employed, operating expenses, and net profit
B. Cash receipts from customers
C. Short-term liabilities (unpaid taxes and bank overdraft)
D. Liquidity ratios, return on capital employed, and gearing

Answer: C

Explanation:
The balance sheet provides a snapshot of a company's financial position at a specific point in time, detailing assets, liabilities, and equity. Short-term liabilities, such as unpaid taxes and bank overdrafts, are obligations the company must settle within a year and are critical indicators of the company's liquidity and financial health.
Exact Extract from Study Guide:
"The balance sheet includes details of current liabilities, such as unpaid taxes and bank overdrafts, which are essential for assessing a supplier's short-term financial obligations and overall stability."

NEW QUESTION # 89
Which of the following is a regulatory body which protects the rights of workers?

A. FairTrade
B. WWF
C. ILO
D. ISO

Answer: C

Explanation:
ILO = the International Labour Organisation.
ISO is the International Standardisation Organisation- they also come up in this exam.
Fair Trade is about paying suppliers properly.
WWF is the World Wildlife Foundation, or if you watched wrestling in the 90s, the original WWE. You do not need to know about wildlife or wrestling for this exam.

NEW QUESTION # 90
When conducting a competitive tender, is it appropriate to use a supplier's credit rating as a criteria for pre-section?

A. yes- because a low rating would have a negative impact on the company's reputation
B. no- because a low credit rating would have a negative impact on the supply chain
C. no- because a low rating would not affect the quality of the products supplied
D. yes- because a low rating would indicate the supplier is financially unstable

Answer: D

Explanation:
The correct answer is 'yes- because a low credit rating would indicate the supplier is financially un-stable'.
The two options beginning with no should automatically be discounted. The other option is incor-rect because credit ratings are private and would therefore not affect reputation.

NEW QUESTION # 91
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