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CIPS L4M4 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Understand key processes to analyse potential external suppliers	25%	- Supplier appraisal and evaluation 1. Quality and performance standards 2. Technical and operational capability 3. Financial stability and risk assessment - Market analysis and intelligence 1. Supplier capacity and capability assessment 2. Collecting and interpreting market data
Topic 2: 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. Insourcing, outsourcing and offshoring 2. Domestic vs international sourcing 3. Single, multiple and sole sourcing
Topic 3: 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. Supplier development and collaboration 2. Social, environmental and economic impact 3. Audit, monitoring and improvement
Topic 4: 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. Governance and accountability frameworks 2. Code of ethics and professional conduct

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CIPS Ethical and Responsible Sourcing Sample Questions (Q222-Q227):

NEW QUESTION # 222
Procurement professionals should never appoint any suppliers that have a low credit rating. Is this statement TRUE?

A. No, because a credit rating is only one financial tool to be used in determining financial competence
B. Yes, because this rating indicates poor financial management practices
C. No, because a credit rating is not an appropriate decision-making tool
D. Yes, because this rating means that insolvency or liquidation is imminent

Answer: A

Explanation:
A credit rating is one of many tools used to assess a supplier's financial health. Responsible sourcing requires a comprehensive assessment of suppliers, considering multiple factors, to ensure a balanced and ethical approach to supplier selection.

NEW QUESTION # 223
Which of the following is true for CIPS members who sign and comply with the CIPS Code of Conduct?
Members can ...
* gain an understanding of ethical and successful business operations
* acquire automatic entitlement to government sponsorship
* enjoy continued CIPS membership and access to resources
* bypass the need to comply with other voluntary or legal codes

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

Answer: A

Explanation:
CIPS members who adhere to the CIPS Code of Conduct gain insight into ethical business practices and retain their membership and access to CIPS resources. This commitment to ethical standards supports responsible sourcing by fostering a community of professionals who value integrity and best practices.

NEW QUESTION # 224
Robert is appraising suppliers and is keen to evaluate suppliers' contribution to the community and the environment. Which of the following should Robert look at?

A. Anti-Slavery Policy
B. ISO27000
C. ESG Policy
D. ISO9001

Answer: C

Explanation:
Robert should look at the supplier's ESG policy. This stands for Environmental Social Governance. So covers both his requirements for community (social) and environmental factors.
ISO 9001 is about Quality Management and ISO27000 about Information Security so these are in-correct answers. An Anti-Slavery Policy would not discuss the environment.

NEW QUESTION # 225
Why do tenders often have longer timescales in the public sector when compared with those of the private sector?

A. All public sector purchases are mandated to use a tendering procedure
B. There is wider stakeholder involvement in the public sector
C. Regulation of the public sector usually dictates minimum timescales
D. There is a more detailed debrief requirement in the public sector

Answer: C

Explanation:
Public sector procurement is governed by specific regulations that stipulate minimum timescales for various stages of the tendering process. These regulations are designed to ensure transparency, fairness, and adequate time for suppliers to prepare their bids. For instance, under the Procurement Act 2023, certain procedures have defined minimum periods for tender submissions to allow sufficient time for supplier participation.
Exact Extract from Study Guide:
"Public sector procurement is subject to specific regulations that dictate minimum timescales for tendering processes to ensure fairness and transparency."

NEW QUESTION # 226
Which of the following incoterms has the lowest risk to the buyer?

A. delivered duty paid
B. free on board
C. carriage and insurance paid to
D. exworks

Answer: A

Explanation:
The lowest risk to the buyer is 'delivered duty paid'. This is because the supplier does all the work transporting the items to the buyer's premises. Incoterms_2020_chart | Intersped

NEW QUESTION # 227
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