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CIPS L4M4 Exam Syllabus Topics:

Section	Weight	Objectives
Understand key processes to analyse potential external suppliers	25%	- Market analysis and intelligence 1. Collecting and interpreting market data 2. Supplier capacity and capability assessment - Supplier appraisal and evaluation 1. Financial stability and risk assessment 2. Quality and performance standards 3. Technical and operational capability
Understand ethical and responsible sourcing principles and practices	25%	- Sustainable and responsible sourcing 1. Supplier development and collaboration 2. Social, environmental and economic impact 3. Audit, monitoring and improvement - Ethical frameworks and concepts 1. Fairness, integrity and accountability 2. CIPS Code of Ethics 3. Conflict of interest and transparency
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
Understand compliance issues when sourcing from suppliers	25%	- Legislative and regulatory requirements 1. Environmental regulations and sustainability 2. Labour laws, human rights and anti-corruption 3. Ethical standards and codes of conduct - Organisational policies and procedures 1. Code of ethics and professional conduct 2. Governance and accountability frameworks

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CIPS Ethical and Responsible Sourcing Sample Questions (Q77-Q82):

NEW QUESTION # 77
In which circumstances would a procurement manager effectively use competitive tendering for the award of contracts?

A. When the requirement is needed urgently and price is not the most important factor
B. When the value of the procurement is high and special tooling is a major factor
C. When the suppliers have technical expertise, and the value of the procurement is relatively high
D. When the specification is likely to be continuously reviewed as the contract progresses

Answer: C

Explanation:
Competitive tendering is ideal for high-value contracts where technical expertise is essential. This method supports responsible sourcing by ensuring quality and aligning the supplier's capabilities with the buyer's needs, as required in more complex procurement scenarios.

NEW QUESTION # 78
Pre-qualification of suppliers is used to determine if the suppliers meet the basic requirements of the buying organisation. Which of the following is assessed at the pre-qualification stage?

A. pricing structure, ethics and financial stability
B. financial stability, capacity and capability
C. capability, culture and pricing schedules
D. capacity, capability and pricing structure

Answer: B

Explanation:
The correct answer is financial stability (this is done by using all of those lovely ratios in chapter 1.3) and capacity and capability (which are part of Carter's 10 Cs).
At PQQ stage you're looking purely at whether the supplier is good or bad (to put it simply). You don't give them details of your requirement yet, so they're not providing a quote / pricing structure / price schedule at this point in time. That would be at the next stage, IF they pass PQQ, when you issue the tender competition.

NEW QUESTION # 79
A "carnet" provides evidence of the origin of goods shipped in international trade. Is this correct?

A. Yes, only used when exporting goods from Europe
B. Yes, a widely used import document confirming origin
C. No, it is a type of insurance cover
D. No, it allows temporary free movement of goods

Answer: D

Explanation:
An ATA Carnet is an international customs document that allows temporary duty-free movement of goods for exhibitions, trade fairs, or professional use. It is not a certificate of origin, which proves where goods are manufactured, nor is it insurance. Carnets reduce administrative barriers and duties for temporary imports
/exports. Responsible sourcing requires buyers to understand the correct use of trade documents to ensure compliance and avoid penalties, while distinguishing between documents that confirm origin, provide insurance, or facilitate temporary movement.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - international trade documentation.

NEW QUESTION # 80
Azram, a facilities category buyer for UK police, is sourcing uniforms internationally. Concerned about exchange rate risk, how can Azram remove this risk?

A. Request to use the exchange rate applicable at time of delivery
B. Evaluate international supplier's financial accounts
C. Carry out a competitive tender exercise process
D. Ask suppliers to quote in GBP Sterling

Answer: D

Explanation:
Exchange rate fluctuations can significantly affect the cost of international contracts. The most direct way to eliminate this risk is to agree prices in the buyer's home currency (GBP Sterling). This passes the risk to the supplier, who must manage currency exposures through hedging or local arrangements. Using the exchange rate at delivery (C) retains exposure for the buyer, while financial analysis (A) and competitive tendering (B) don't address exchange risk. Responsible sourcing requires buyers to consider financial risk-sharing mechanisms as part of contract negotiations.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - managing exchange rate risk in international sourcing.

NEW QUESTION # 81
A supplier operates in a monopolistic market where the threat of entry is low. The product that they offer is key in manufacturing certain types of submarines and there is no known substitute for the product at present.
What type of sourcing relationship is a buyer likely to have with this supplier?

A. multiple sourced
B. sole sourced
C. dual sourced
D. single sourced

Answer: B

Explanation:
This is sole sourcing as there is only one supplier in the marketplace.
Be careful not to confuse single sourcing and sole sourcing. Single sourcing is when a buyer chooses to work with only one supplier (usually to achieve economies of scale), sole sourcing, on the other hand, is when the buyer doesn't have a choice- they work with one supplier because there is only one supplier in the market.
Types of sourcing is a key concept for this exam.

NEW QUESTION # 82
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