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CIPS L4M4 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: 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. Ethical standards and codes of conduct 2. Environmental regulations and sustainability 3. Labour laws, human rights and anti-corruption
Topic 2: Understand key processes to analyse potential external suppliers	25%	- Market analysis and intelligence 1. Supplier capacity and capability assessment 2. Collecting and interpreting market data - Supplier appraisal and evaluation 1. Technical and operational capability 2. Quality and performance standards 3. Financial stability and risk assessment
Topic 3: 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 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. Single, multiple and sole sourcing 2. Insourcing, outsourcing and offshoring 3. Domestic vs international sourcing

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CIPS Ethical and Responsible Sourcing Sample Questions (Q264-Q269):

NEW QUESTION # 264
Which of the following can be undertaken by the buyer in relation to the governance of a supplier's ethical and sustainable behaviours?
* Review the insurance clauses in the contract
* Check that the supplier's internal policies are up to date
* Check the supplier's conflict of interest register for their contract
* Review the non-disclosure agreement for their contract

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

Answer: A

Explanation:
Regularly checking supplier policies and conflict of interest registers helps ensure that suppliers are upholding ethical standards, which supports responsible sourcing practices. This governance activity aligns with ethical guidelines to promote transparency and prevent conflicts that could affect the integrity of the supply chain.

NEW QUESTION # 265
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 means that insolvency or liquidation is imminent
C. No, because a credit rating is not an appropriate decision-making tool
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 # 266
Khalid is a procurement manager in the UK who is looking to source exotic fruit for a retailer. As this type of fruit doesn't grow naturally in the UK Khalid is looking at international suppliers, but is worried about variations in exchange rates. He is considering asking the suppliers to provide quotes in their local currencies.
Will this reduce the risk posed to Khalid?

A. yes- when suppliers quote in local currencies you are more likely to get better prices
B. yes- suppliers should quote in their own currencies so there is no risk to the importing company
C. no- prices should be quoted in GBP / £ as this will reduce the cost of imports
D. no- quoting the prices in GBP / £ will provide Khalid with better security against cur-rency fluctuations

Answer: D

Explanation:
So you can immediately discount the options starting with yes.
Quoting in GBP / £ rather than the supplier's currency reduces the risk to the buyer. It will not re-duce the cost of the import, and will probably increase it as the supplier is then taking on the risk of currency fluctuations.

NEW QUESTION # 267
In which type of market would you be most likely to find a 'perfect competition'?

A. commodity
B. monopoly
C. monopolistic competition
D. oligopoly

Answer: D

Explanation:
An oligopoly. Perfect competition is a situation in a marketplace where there is plenty of competition. A monopoly or monopolistic competition would have 'imperfect competition'

NEW QUESTION # 268
An international supplier of shirts provides four different prices for each garment depending on the Incoterm selected by the buyer. Which Incoterm would support achieving the lowest unit price per garment?

A. EXW
B. DDP
C. CPT
D. DAP

Answer: A

Explanation:
Under EXW (Ex Works) the seller prices only for making goods available at their premises; the buyer bears transport, export formalities, main carriage, and risk from collection. Because the seller's obligations are minimal, the quoted unit price is typically the lowest. Delivered terms (DAP/DDP/CPT) add seller costs and risk, raising the price.
Reference: CIPS L4M4 Study Guide (v2): LO "Application" - Incoterms responsibilities, cost/risk allocation.

NEW QUESTION # 269
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