100% Pass Quiz L4M4 - Ethical and Responsible Sourcing–Valid Pdf Exam Dump

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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 2	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.
Topic 3	Understand the key processes that can be applied to the analysis of potential external suppliers:
Topic 4	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.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q211-Q216):

NEW QUESTION # 211
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 can approach known contractors
C. no- buyers in the public sector do not source strategic items
D. yes- the public sector should advertise the opportunity as a call for competition

Answer: D

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 # 212
What are the risks of outsourcing?
* Loss of control of project
* Loss of assets
* Loss of future business opportunities
* Loss of private information

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

Answer: B

Explanation:
Loss of control and loss of private information are significant risks in outsourcing. Responsible sourcing involves mitigating these risks by setting clear agreements, monitoring, and safeguarding sensitive information to maintain control over outsourced activities.

NEW QUESTION # 213
Which of the following are considerations when evaluating quality as a criterion for supplier selection? Select TWO that apply.

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

Answer: A,B

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 # 214
A buyer is carrying out an assessment to identify the risk of unethical suppliers being selected for a new contract. Which of the following should the assessment include in order to protect the organisation against ethical reputational risks?

A. The average staff retention levels experienced by the suppliers
B. Performance records (late deliveries/poor quality) of agreed contract deliverables
C. The likelihood of suppliers becoming insolvent in the future due to unforeseen circumstances
D. Whether the suppliers have received negative press around their fair treatment of subcontracted staff

Answer: D

Explanation:
Assessing the ethical reputation of suppliers is crucial to mitigate risks associated with unethical practices.
Negative media coverage regarding the fair treatment of subcontracted staff is a significant indicator of potential ethical issues within a supplier's operations. Such information can highlight concerns related to labor rights violations, discrimination, or unsafe working conditions, which can adversely affect the buying organization's reputation if not addressed.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 3.3.1: Application of the CIPS Code of Conduct

NEW QUESTION # 215
A buyer is only interested in working with suppliers who have strong Environmental and Social Governance practices. It is therefore using ethical criteria as supplier selection stage to determine which suppliers to work with. Which of the following statements is true?

A. ethical behaviour is impossible to determine as issues such as Modern Slavery often go undetected
B. compliance with Codes of Conduct from professional bodies is mandatory
C. the buyer should ask suppliers to be accredited to ISO9001a supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs

Answer: C

Explanation:
A supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs is the correct answer.
The other options are wrong:
1) Compliance with Codes of Conduct from professional bodies is optional. E.g. CIPS - no organi-sation is forced to comply with CIPS.
2) Unethical behaviour is not impossible to detect, it may be difficult but with correct due diligence and things like audits it's completely possible
3) ISO 14001 is quality management so is irelevent.

NEW QUESTION # 216
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