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CIPS L4M4 Exam Syllabus Topics:

SectionObjectives
Topic 1: Understand compliance issues when sourcing from suppliers- Global sourcing considerations and Incoterms
- Ethical sourcing and corporate social responsibility (CSR)
- Modern slavery and human rights in supply chains
- Codes of conduct and ethical standards
- Anti-bribery and anti-corruption measures
- Sustainability and environmental considerations
- Regulatory and legal compliance
Topic 2: Understand the key processes that can be applied to the analysis of potential external suppliers- Supplier appraisal and evaluation methods
- Risk assessment in supplier selection
- Supplier audits and due diligence
- Use of Request for Information (RFI), Request for Proposal (RFP) and Request for Quotation (RFQ)
- Financial analysis of suppliers
Topic 3: Understand options for sourcing of requirements from suppliers- Single, dual and multiple sourcing
- Insourcing vs outsourcing decisions
- Factors influencing sourcing decisions
- Sourcing strategies and approaches

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CIPS Ethical and Responsible Sourcing Sample Questions (Q172-Q177):

NEW QUESTION # 172
During the quality assurance of a supplier, Margaret is looking for an international standard thatshows the supplier's commitment to sustainable procurement. What document should the supplier provide to show this?

Answer: C

Explanation:
ISO 20400 is sustainable procurement.
14000 is environment
9001 is quality management
27001 is information security


NEW QUESTION # 173
Private sector procurement organisations should always allow suppliers at least 35 days to respond to invitations to tender. Is this statement true?

Answer: A

Explanation:
The 35-day minimum applies to public sector procurement under EU/UK directives, not the private sector. In private procurement, response times should be proportional to the complexity and value of the requirement.
Simple RFQs may require only a few days, while complex tenders involving technical submissions may justifiably need weeks. Responsible sourcing involves ensuring suppliers have fair opportunity to respond adequately, but without unnecessary delays that could affect business needs. Therefore, rigidly applying a fixed number of days in the private sector is neither necessary nor efficient.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - procurement timelines, public vs private sector differences.


NEW QUESTION # 174
Which of the following items would you expect to find on a balance sheet? Select THREE

Answer: A,B,C

Explanation:
current assets, current liabilities and equity can be found on a balance sheet. Net and gross sales will be found on a profit and loss account.


NEW QUESTION # 175
If a commodity index shows that the price of a commodity is continually rising, what does this indicate about the market?

Answer: A

Explanation:
The correct answer is 'demand is exceeding supply'- If everyone wants to buy something, the sup-pliers will likely increase the price.
If there was little demand or there were threats of substitutions, this would likely result in a price decrease.


NEW QUESTION # 176
When evaluating a supplier's proposal in relation to ESC (Environmental, Social, Governance, and ethical elements), it is common to send questionnaires to suppliers requesting information, which can later be scored.
Which of the following questions would be assessing any of the ESC criteria?
* Could you provide details on your manufacturing and raw material costs as part of an open-book pricing contract?
* How do you promote equal opportunity for your employees, customers, and suppliers?
* What is the annual turnover and profitability of your company?
* Does your company have an anti-bribery policy?

Answer: C

Explanation:
Questions about equal opportunity and anti-bribery policies assess the supplier's commitment to social and ethical standards. These aspects are part of the ESC criteria, which align with responsible sourcing practices by ensuring suppliers maintain ethical workforce practices and governance.


NEW QUESTION # 177
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