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CIPS L4M4 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Understand ethical and responsible sourcing principles and practices	25%	- Sustainable and responsible sourcing 1. Social, environmental and economic impact 2. Audit, monitoring and improvement 3. Supplier development and collaboration - Ethical frameworks and concepts 1. Fairness, integrity and accountability 2. CIPS Code of Ethics 3. Conflict of interest and transparency
Topic 2: Understand options for sourcing requirements from suppliers	25%	- Sourcing approaches and strategies 1. Domestic vs international sourcing 2. Single, multiple and sole sourcing 3. Insourcing, outsourcing and offshoring - Tendering and selection processes 1. Award criteria and evaluation methods 2. Open, restricted and negotiated procedures
Topic 3: Understand key processes to analyse potential external suppliers	25%	- Supplier appraisal and evaluation 1. Technical and operational capability 2. Financial stability and risk assessment 3. Quality and performance standards - Market analysis and intelligence 1. Supplier capacity and capability assessment 2. Collecting and interpreting market data
Topic 4: Understand compliance issues when sourcing from suppliers	25%	- Legislative and regulatory requirements 1. Ethical standards and codes of conduct 2. Labour laws, human rights and anti-corruption 3. Environmental regulations and sustainability - 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 (Q21-Q26):

NEW QUESTION # 21
Which of the following are considerations when evaluating quality as a criterion for supplier selection? Select TWO that apply.

A. The supplier's environmental impact analysis
B. The existence of policies and initiatives toward more sustainable packaging and materials
C. Certification to the management system ISO 14001
D. Certification to the management system ISO 9001
E. The existence of Total Quality Management (TQM) and a continuous improvement culture

Answer: D,E

Explanation:
Total Quality Management (TQM) practices and ISO 9001 certification are indicators of a supplier's commitment to quality. Responsible sourcing evaluates these factors to ensure suppliers meet high-quality standards and continuous improvement expectations.

NEW QUESTION # 22
In which circumstances would a procurement manager effectively use competitive tendering for the award of contracts?

A. When the suppliers have technical expertise, and the value of the procurement is relatively high
B. When the value of the procurement is high and special tooling is a major factor
C. When the requirement is needed urgently and price is not the most important factor
D. When the specification is likely to be continuously reviewed as the contract progresses

Answer: A

Explanation:
Competitive tendering is ideal for high-value contracts where technical expertise is essential. This method supports responsible sourcing by ensuring quality and aligning the supplier's capabilities with the buyer's needs, as required in more complex procurement scenarios.

NEW QUESTION # 23
When looking at credit scores, a supplier may be classified as a high risk for reasons that are not linked to poor credit. Which of the following could these be? Select TWO

A. The organisation has no loans or credit cards
B. The organisation does not employ many people
C. The organisation is new
D. The organisation has lots of fixed assets

Answer: A,D

Explanation:
New organisations or those with no loans/ credit cards may have low credit scores. This is simply because they do not have enough financial history to make their scores good. That means banks au-tomatically class them as higher risk, because they simply don't know that they're trustworthy yet.

NEW QUESTION # 24
An international supplier of shirts provides four different prices for each garment depending on the Incoterm selected by the buyer. Which Incoterm would support achieving the lowest unit price per garment?

A. DAP
B. CPT
C. DDP
D. EXW

Answer: D

Explanation:
Under EXW (Ex Works) the seller prices only for making goods available at their premises; the buyer bears transport, export formalities, main carriage, and risk from collection. Because the seller's obligations are minimal, the quoted unit price is typically the lowest. Delivered terms (DAP/DDP/CPT) add seller costs and risk, raising the price.
Reference: CIPS L4M4 Study Guide (v2): LO "Application" - Incoterms responsibilities, cost/risk allocation.

NEW QUESTION # 25
Which financial statement would be used for analysing an organisation's assets?

A. Balance sheet (statement of financial position)
B. Profit and loss account (statement of financial performance)
C. Credit rating reports
D. Cash flow statement

Answer: A

Explanation:
Thebalance sheet, also known as the statement of financial position, provides a snapshot of an organisation's assets, liabilities, and equityat a specific point in time. It is the primary financial statement used to analyse what an organisation owns and owes. The profit and loss account focuses on income and expenses, while the cash flow statement shows cash movements. Credit rating reports summarise financial risk but are not financial statements. Ethical and responsible sourcing requires procurement professionals to understand balance sheets to assess supplier stability and reduce supply continuity risks.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - financial statements and supplier assessment.

NEW QUESTION # 26
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