Selecting The L4M4 Latest Test Format, Pass The Ethical and Responsible Sourcing

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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 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	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 the key processes that can be applied to the analysis of potential external suppliers:

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CIPS Ethical and Responsible Sourcing Sample Questions (Q164-Q169):

NEW QUESTION # 164
Economic indices track a market's stability and health. One of these indices is the Consumer Price Index (CPI). Which of the following are aspects of the Consumer Price Index? Select TWO that apply.

A. The CPI tracks variations in prices in a particular geographical location
B. The CPI tracks the weighted average prices of selected commodities within the country
C. The CPI tracks the performance of selected companies in different stock markets
D. The CPI helps in calculating the exchange rates and tariffs used in setting prices for imports
E. The CPI shows that prices are influenced by tax thresholds rates rather than inflation rates

Answer: A,B

Explanation:
The Consumer Price Index (CPI) measures the average change over time in the prices paid by consumers for a market basket of goods and services. It reflects price variations in specific geographical locations and tracks the weighted average prices of selected commodities, providing insights into inflation and cost of living.
Exact Extract from Study Guide:
"The Consumer Price Index (CPI) tracks variations in prices for a range of consumer goods and services over time, in a particular geographic location."

NEW QUESTION # 165
Which of the following would be considered a strategic sourcing activity?

A. a bakery ordering eggs
B. a factory ordering a new machine
C. an office ordering copier paper
D. a restaurant ordering plastic cups

Answer: B

Explanation:
a factory ordering a new machine is the correct answer.
Strategic sourcing is for high value, high risk items. The other options given are tactical sourcing as they are low value (eggs, paper and plastic cups).
See p.3 for the differences between tactical and strategic sourcing

NEW QUESTION # 166
Which is an example of a criterion for supplier selection during a tender for a hospital build to demonstrate the people element of the 'triple bottom line'?

A. Building design is thermal efficient to meet carbon trust targets
B. Demonstrated commitment to a labour industry code of conduct
C. Project plan is designed to use reverse logistics
D. Specifications are designed with appropriately certified materials

Answer: B

Explanation:
The 'people' element of the triple bottom line focuses on social responsibility, including fair labor practices and community engagement. A supplier's demonstrated commitment to a labor industry code of conduct indicates adherence to ethical labor standards, such as fair wages, safe working conditions, and respect for workers' rights, aligning with the social sustainability goals of the project.
Exact Extract from Study Guide:
"The triple bottom line - profit, people and planet
* Adopt sustainable practices, standards and specifications in the supply chain
* Consider the social impact of the organisation's behaviours
* Design procurement processes to deliver social outcomes as well as, or as an alternative to, normal economic measures of value"

NEW QUESTION # 167
What course of action should be taken when an audit of a supplier identifies evidence of human rights malpractice?

A. Immediately raise the issue with the supplier and jointly develop a timely action plan to be implemented before a repeat audit
B. Immediately halt all orders with the supplier, make a record of the violation in the supplier database, and switch to an alternative source of supply
C. Allow the supplier to complete current orders placed, while pursuing an alternative source to change to as soon as approved
D. Remove all business and inform press organisations, who will in turn bring the issue to the attention of formal governmental organisations who can take action

Answer: A

Explanation:
Addressing human rights issues collaboratively by developing an action plan allows for improvement and correction. This approach is consistent with ethical sourcing principles, which encourage responsible intervention to correct and improve supply chain practices rather than punitive measures that may not lead to long-term change.

NEW QUESTION # 168
Rules regulating the type of goods and the volume that can be imported into a country or trade block are commonly known as what?

A. profits
B. laws
C. duties
D. tariffs

Answer: B

Explanation:
This is tariffs. Be careful not to confuse tariffs and duties;
tariffs = rules and duties = payments.

NEW QUESTION # 169
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