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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. Code of ethics and professional conduct 2. Governance and accountability frameworks - Legislative and regulatory requirements 1. Labour laws, human rights and anti-corruption 2. Ethical standards and codes of conduct 3. Environmental regulations and sustainability
Topic 2: Understand ethical and responsible sourcing principles and practices	25%	- Ethical frameworks and concepts 1. CIPS Code of Ethics 2. Fairness, integrity and accountability 3. Conflict of interest and transparency - Sustainable and responsible sourcing 1. Social, environmental and economic impact 2. Audit, monitoring and improvement 3. Supplier development and collaboration
Topic 3: 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. Financial stability and risk assessment 2. Quality and performance standards 3. Technical and operational capability
Topic 4: Understand options for sourcing requirements from suppliers	25%	- Sourcing approaches and strategies 1. Domestic vs international sourcing 2. Single, multiple and sole sourcing 3. Insourcing, outsourcing and offshoring - Tendering and selection processes 1. Award criteria and evaluation methods 2. Open, restricted and negotiated procedures

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CIPS Ethical and Responsible Sourcing Sample Questions (Q116-Q121):

NEW QUESTION # 116
Which of the following payment mechanisms is most beneficial to the supplier?

A. sight draft
B. cash in advance
C. letter of credit
D. open account

Answer: B

Explanation:
cash in advance is the most beneficial to a supplier.
Open account /credit account is the most beneficial to the buyer. Learn this as it's a known exam topic.

NEW QUESTION # 117
It is important that buyers take an approach that is reasonable and fair when selecting suppliers to work with.
Which of the following is a voluntary document which can help procurement professionals treat suppliers respectfully?

A. ISO 9001
B. CIPS Code of Conduct
C. EU Procurement Directive 2014
D. ILO is an organization

Answer: B

Explanation:
The correct answer is the CIPS Code of Conduct. This is a voluntary document about doing 'good procurement' i.e. treating suppliers with respect.
EU Procurement Directive is legislation, so isn't voluntary
ISO9001 is about quality management
ILO is an organisation rather than a document

NEW QUESTION # 118
A buyer might opt to do an 'Invitation to Tender' (ITT) rather than a 'Request for Quotation' (RFQ) process because ...

A. Time is of the essence and decisions need to be made quickly without additional stakeholder involvement
B. The contract will be low value and there are many suppliers, therefore a simpler approach is required
C. The nature of the goods or services being purchased are complex and high value
D. The supplier market is an oligopoly where a few large suppliers dominate the market

Answer: C

Explanation:
An Invitation to Tender (ITT) is used when requirements are complex, high-value, or strategic, requiring detailed supplier submissions, robust evaluation, and structured governance. RFQs are better for low-value, straightforward purchases where price is the main factor. ITTs ensure fairness, transparency, and comprehensive evaluation when the stakes are high. It is not chosen simply because of oligopolies or time pressure. Responsible sourcing requires matching the sourcing process to the complexity and risk of the procurement, ensuring appropriate competition and governance.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - sourcing procedures and their application.

NEW QUESTION # 119
Why is it important, when awarding high-value contracts, for a buyer to conduct a financial assessment of a supplier?

A. The buyer must ensure continuity of supply because financial problems of a supplier could affect the supply
B. A supplier who is highly profitable will be charging prices higher than the average market rate
C. Financial assessments provide a holistic view of a company's capability, including quality and delivery performance
D. If a supplier has a high credit score, this means it pays its own suppliers late, which could result in stock outs

Answer: A

Explanation:
Financial assessments help ensure a supplier can meet the demands of a high-value contract without disruptions. This aligns with responsible sourcing principles by promoting stable supplier relationships and reducing the risk of supply chain interruptions due to financial instability.

NEW QUESTION # 120
A buyer evaluates a supplier's ethical and social practices during the pre-qualification stage of the supplier onboarding process. Which of the following variables would trigger further follow-up activities?

A. If the supplier's employees have a good understanding of their employment rights
B. When staff are unionised and appropriate time is provided for union activities
C. On discovering that trade (labour) union memberships are not permitted by the supplier in its place of work
D. On discovering that no employees can work without agreeing to the buyer organisation's code of conduct

Answer: C

Explanation:
Prohibiting trade union membership is a violation of workers' rights and international labor standards. Such a practice indicates potential non-compliance with ethical sourcing principles and necessitates further investigation. Ensuring that suppliers respect workers' rights to association is fundamental to ethical procurement.
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 # 121
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