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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
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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Free PDF Valid L4M4 - Books Ethical and Responsible Sourcing PDF

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CIPS Ethical and Responsible Sourcing Sample Questions (Q282-Q287):

NEW QUESTION # 282
GDP is an economic index that a procurement professional can use to measure economic data. What does GDP tell you?

A. the value of commodities such as steel, oil and wheat at a point in time
B. average changes in price over a year
C. the monatary value of the goods manufactured in a financial period
D. the value of public limited companies within a country

Answer: C

Explanation:
GDP = gross domestic product = "the monetary value of goods and services manufactured or sup-plied in a financial period". People use it to say whether a country's economy is strong or weak.
Stock markets look at the value of public limited companies within a country.
Commodity indices look at the value of commodities such as steel, oil and wheat at a point in time Average changes in price over a year can be measured by CPI or PPI

NEW QUESTION # 283
Why is it important, when awarding high-value contracts, for a buyer to conduct a financial assessment of a supplier?

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

Answer: C

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 # 284
Other than price, what should a buyer consider when evaluating supplier quotations?
* Lead times
* Add-on costs
* Wastage rates
* Past performance

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

Answer: D

Explanation:
When evaluating quotations, responsible buyers must look beyond headline price. Lead times (1) affect operational continuity. Add-on costs (2) (e.g., packaging, delivery, handling) can significantly change total cost. Past performance (4) demonstrates reliability and quality, crucial for ethical and sustainable sourcing.
Wastage rates (3) may be relevant but are typically assessed in performance monitoring, not initial quotation evaluation. This holistic view aligns with the total cost of ownership (TCO) approach promoted by CIPS, ensuring procurement decisions account for both direct and indirect impacts.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - quotation evaluation and TCO analysis.

NEW QUESTION # 285
Which of the following factors are typically considered when assessing a supplier's financial capacity?

A. The price quoted in the request for quotation
B. The supplier's profitability and asset levels
C. The supplier's costing methods and markup percentage
D. The supplier's compliance with regulations for minimum wages

Answer: B

Explanation:
Profitability and asset levels indicate a supplier's financial stability and ability to meet contract demands.
Responsible sourcing practices include assessing financial capacity to reduce risk in the supply chain and ensure long-term supplier viability.

NEW QUESTION # 286
When using a 'credit account' payment mechanism, when does a supplier receive payment for the goods?

A. before the order is placed
B. in advance of delivery
C. when they receive the PO
D. after delivery

Answer: D

Explanation:
In a 'Credit Account' payment mechanism- the supplier receives payment after the goods are delivered, in line with agreed payment terms (which may be 30 days or something like that).

NEW QUESTION # 287
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