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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
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
Exam Price:	Varies by region and assessment center (typically ~£70–£120 per module)
Available Languages:	English
Certificate Validity Period:	No fixed expiry (qualification remains valid once achieved)
Recommended Training:	CIPS Official Learning Resources CIPS Study Hub
Exam Registration:	CIPS Official Qualifications Page CIPS Exams and Assessment Information
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	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 2	Understand the key processes that can be applied to the analysis of potential external suppliers:
Topic 3	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential 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 (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. No, because a credit rating is not an appropriate decision-making tool
C. Yes, because this rating means that insolvency or liquidation is imminent
D. Yes, because this rating indicates poor financial management practices

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
Sourcing products internationally involves extra considerations when looking at the price of the item. Which of the following are additional price considerations for international sourcing? Select TWO

A. tax
B. tariffs
C. total life cycle costs
D. batch quantities
E. exchange rate

Answer: B,E

Explanation:
Exchange rates and tariffs are associated with international sourcing.
The other options are concerns for both local sourcing and international sourcing.

NEW QUESTION # 224
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 may also be used when a requirement demands expensive set-up costs
B. Yes, because many suppliers tend to increase stock variety and stock proliferation
C. Yes, because single sourcing works well within a volatile supply environment
D. No, because single sourcing should only be used where there is just one supplier in the market

Answer: A

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 # 225
What is the best way to prevent potential issues of conflicts of interest?

A. do not work with suppliers who have relationships with the procurement team
B. openly declare potential conflicts
C. create a risk register
D. do not hire family members

Answer: B

Explanation:
The best way to deal with potential Conflicts of Interest is to openly declare these. Just because you have a relationship with someone doesn't mean this is going to be an issue or lead to fraud, but it is a good idea to keep a written record of these.
It wouldn't be a risk register, because how can you rate someone's risk of doing something dodgy? Risk registers are for objective risks such as Health and Safety.

NEW QUESTION # 226
Which of the following is a strategic cost associated with outsourcing cyber-security from an in-house IT function to a specialist supplier?

A. Loss of expertise within business
B. Loss of influence over prioritisation of tasks
C. Loss of informal relationship with cyber experts
D. Loss of financial resources due to regulation

Answer: A

Explanation:
Outsourcing critical functions like cybersecurity can lead to a loss of in-house expertise, which is a strategic cost. This loss may impact the organization's ability to respond swiftly to security threats, innovate, and maintain control over sensitive operations. Retaining core competencies is vital for sustaining competitive advantage and ensuring long-term resilience.
Exact Extract from Study Guide:
"Outsourcing core activities risks - loss of in-house skill, loss of key staff to competitors, risk that supplier cannot be found, loss of control over operating activities, risk of loss of control over confidential information
/IP.

NEW QUESTION # 227
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