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| Section | Objectives |
|---|---|
| Topic 1: Understand options for sourcing of requirements from suppliers | - Factors influencing sourcing decisions - Sourcing strategies and approaches - Insourcing vs outsourcing decisions - Single, dual and multiple sourcing |
| Topic 2: Understand the key processes that can be applied to the analysis of potential external suppliers | - Use of Request for Information (RFI), Request for Proposal (RFP) and Request for Quotation (RFQ) - Risk assessment in supplier selection - Supplier audits and due diligence - Supplier appraisal and evaluation methods - Financial analysis of suppliers |
| Topic 3: Understand compliance issues when sourcing from suppliers | - Global sourcing considerations and Incoterms - Modern slavery and human rights in supply chains - Anti-bribery and anti-corruption measures - Ethical sourcing and corporate social responsibility (CSR) - Codes of conduct and ethical standards - Regulatory and legal compliance - Sustainability and environmental considerations |
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NEW QUESTION # 158
The Universal Declaration of Human Rights means that member states cannot restrict their citizens of any of the rights listed. Which of the following rights may apply to employees who make a complaint about unfair pay and conditions that are not comparable to others in the company?
Answer: C
Explanation:
The Universal Declaration of Human Rights (UDHR) Article 23(2) states that "Everyone, without any discrimination, has the right to equal pay for equal work." This underscores the principle of equality in the workplace, ensuring that employees are treated equally regarding pay and conditions. Therefore, employees raising concerns about unfair pay compared to their colleagues are exercising their right to be treated equally.
Reference:
Universal Declaration of Human Rights, Article 23(2):
NEW QUESTION # 159
Avram is a buyer for a private sector electrical components company and is promoting the advantages of competitive bidding.
When is competitive bidding appropriate?
Select TWO that apply.
Answer: D,E
Explanation:
Competitive bidding is most appropriate when there is asufficient number of capable suppliersto create genuine competition and whenadequate timeis available to conduct the process fairly and transparently.
These conditions allow suppliers to prepare robust bids and enable buyers to evaluate proposals properly.
Competitive bidding is less suitable where specifications are unstable or urgent decisions are required. Ethical and responsible sourcing emphasises proportionality and fairness, ensuring competition is used where it adds value and does not compromise delivery, governance, or stakeholder needs.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - competitive tendering; appropriateness of sourcing routes.
NEW QUESTION # 160
Why should procurement collate and review the buying organisation's historic supplier spend data prior to tendering?
* To identify opportunities where savings can be achieved
* To ensure suppliers deliver goods and services on time
* To eliminate supplier corruption and favouritism
* To make informed decisions about the suppliers to work with
Answer: D
Explanation:
Reviewing historical supplier spend data enables procurement professionals to identify areas wherecost savings can be achieved by analyzing past expenditures and supplier performance. This analysis also aids in making informed decisions about future supplier engagements by understanding previous spending patterns and supplier reliability.
Exact Extract from Study Guide:
"Spend analysis is a process that analyses the historical spend data of your organisation to provide answers to questions concerning spend visibility, compliance, and cost-saving opportunities."
NEW QUESTION # 161
Sourcing is part of the procurement cycle and is likely to be used in conjunction with which activities? (Select TWO)
Answer: A,E
Explanation:
Sourcing relates to identifying suppliers (E) and requesting quotations (D) as part of the market engagement stage of the procurement cycle. By contrast, creating call-off orders, raising requisitions, and goods receipting are post-contract operational activities. Responsible sourcing highlights that supplier identification and quotations are key to ensuring ethical, competitive, and compliant supply chains. These activities help ensure alignment with organisational goals, supplier diversity, and sustainability objectives.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - sourcing activities within the procurement cycle.
NEW QUESTION # 162
What is a risk of pre-warning a supplier that you will conduct an audit of their facilities?
Answer: D
Explanation:
A risk of pre-planning an audit is the supplier has time to prepare for it. It's a good thing in that they can get their paperwork in order but the downside is they can overprepare so you don't get a realis-tic representation of what they're doing. One way they can do this is coaching staff in what to say to the auditors.
NEW QUESTION # 163
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Students are given a fixed amount of time to complete each test, thus CIPS Exam Questions candidate's ability to control their time and finish the CIPS L4M4 exam in the allocated time is a crucial qualification. Obviously, this calls for lots of practice. Taking Pass4SureQuiz L4M4 Practice Exam helps you get familiar with the Ethical and Responsible Sourcing (L4M4) exam questions and work on your time management skills in preparation for the real Ethical and Responsible Sourcing (L4M4) exam.
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