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CIPS L4M4 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Understand ethical and responsible sourcing principles and practices	25%	- Ethical frameworks and concepts 1. CIPS Code of Ethics 2. Conflict of interest and transparency 3. Fairness, integrity and accountability - Sustainable and responsible sourcing 1. Audit, monitoring and improvement 2. Supplier development and collaboration 3. Social, environmental and economic impact
Topic 2: Understand compliance issues when sourcing from suppliers	25%	- Organisational policies and procedures 1. Governance and accountability frameworks 2. Code of ethics and professional conduct - Legislative and regulatory requirements 1. Environmental regulations and sustainability 2. Ethical standards and codes of conduct 3. Labour laws, human rights and anti-corruption
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. Collecting and interpreting market data 2. Supplier capacity and capability assessment
Topic 4: Understand options for sourcing requirements from suppliers	25%	- Tendering and selection processes 1. Award criteria and evaluation methods 2. Open, restricted and negotiated procedures - Sourcing approaches and strategies 1. Domestic vs international sourcing 2. Insourcing, outsourcing and offshoring 3. Single, multiple and sole sourcing

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CIPS Ethical and Responsible Sourcing Sample Questions (Q124-Q129):

NEW QUESTION # 124
When sourcing an item of strategic importance and high value in the public sector, is it important to advertise this publicly?

A. yes- the public sector should advertise through the Freedom of Information Act
B. no- buyers in the public sector do not source strategic items
C. yes- the public sector should advertise the opportunity as a call for competition
D. no- buyers can approach known contractors

Answer: C

Explanation:
The correct answer is 'yes- the public sector should advertise as a call for competition'. They do this in the Official Journal of the European Union (OJEU). Public Sector has to be transparent about everything and treat all suppliers equally. So they can't just approach the ones they like.
In the study guide it says OIEU and this is a typo. It's OJEU.
What is The OJEU in 2 minutes or less (trackerintelligence.com)

NEW QUESTION # 125
Which models would be appropriate for analysis of the supply market?
* Porter's Five Forces
* Porter's Value Chain
* STEEPLED
* Ishikawa Fishbone

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

Answer: C

Explanation:
Porter's Five Forces and the STEEPLED model are valuable tools for analyzing supply markets. These models help identify external pressures and market dynamics, supporting responsible sourcing by enabling buyers to understand and respond to market influences effectively.

NEW QUESTION # 126
Which of the following is an example of intracompany trading? Select TWO

A. two departments within the same company collaborate on a project
B. two companies join together to create a new product
C. cleverness
D. two companies owned by the same entity conduct business
E. a manufacturer in the UK buys raw copper from a supplier in Chile

Answer: A,D

Explanation:
Intracompany trading is when two departments in the same company do trading. AND when two companies owned by the same parent company do trading.
INTRA means 'within' - so it's doing business with yourself.

NEW QUESTION # 127
A 'carnet' provides evidence of the origin of goods shipped in an international trade transaction. Is this statement correct?

A. It is a widely used import document that confirms the origin of goods
B. Yes, it is only used when exporting goods from Europe and confirms the country of origin
C. No, it is a document that allows the temporary free movement of goods
D. No, it is a type of insurance cover to protect against loss of goods in transit

Answer: C

Explanation:
A carnet (specifically an ATA Carnet) is a customs document that allows for the temporary duty-free and tax- free movement of goods across international borders. It is commonly used for exhibitions, fairs, and professional equipment but is not proof of origin. Proof of origin is instead provided by a certificate of origin or other trade documents. It is also not an insurance policy. Responsible sourcing requires buyers to distinguish between documents used for temporary movement (carnet), origin evidence (certificate of origin), and risk transfer (insurance). Correct understanding avoids compliance failures, delays, or unexpected costs in international trade.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - international sourcing documentation.

NEW QUESTION # 128
A buyer is considering trading with a new supplier who is based in a country they have not traded with before.
The buyer needs to understand the anti-bribery risks in the country. Which of the following sources of information would be useful in this regard? Select TWO that apply.

A. Local Anti-Corruption Legislation
B. International Standards Organisation (ISO)
C. United Nations Sustainable Development Goals (UNSDGs)
D. Transparency International (TI)
E. International Court of Arbitration (ICC)

Answer: A,D

Explanation:
Transparency International provides the Corruption Perceptions Index, which ranks countries based on perceived levels of public sector corruption, offering valuable insights into the anti-bribery risks of a specific country. Additionally, understanding the local anti-corruption legislation helps the buyer assess the legal framework and enforcement mechanisms in place, which is crucial when entering into contracts with suppliers in new jurisdictions.
Exact Extract from Study Guide:
"Transparency International's Corruption Perceptions Index is a key resource for assessing the risk of corruption in different countries. Local anti-corruption legislation provides the legal context within which suppliers operate, and understanding these laws is essential for ensuring compliance and ethical sourcing."

NEW QUESTION # 129
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