CIPS L4M4 Latest Test Vce, Brain L4M4 Exam

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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	Understand the key processes that can be applied to the analysis of potential external suppliers:
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 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 4	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.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q233-Q238):

NEW QUESTION # 233
Which of the following is not a type of fraud that procurement professionals should be vigilant for?

A. coersion
B. kickback
C. identity theft
D. phishing

Answer: A

Explanation:
Coercion is not a type of fraud. The other three are.

NEW QUESTION # 234
In a negotiation, a supplier does not want to upset or offend the buyer, so concedes their own requirement in order to ensure harmony. Which negotiation tactic is the supplier using?

A. accommodating
B. collaborative
C. competitive
D. compromising

Answer: A

Explanation:
This is accommodating: the supplier puts the buyer's interest above his own.
This is from the Thomas Killman model of conflict resolution. There are 5 strategies; competitive, collaborative, avoiding, accommodating and compromising. In the study guide it doesn't mention the name of the model but you do need to know the 5 strategies. The model comes up a lot in other modules so is a good one to learn. Particularly L5M1 which is about management theory.

NEW QUESTION # 235
A procurement manager who works in the public sector has received 8 submissions to a tender op-port unity that was advertised on OJEU. The average price submission for the contract was £1m but one supplier has submitted a price of £200,000, which the procurement manager has identified as being 'an abnormally low tender'. What should be the procurement manager's course of action?

A. investigate the low bid
B. award the bid a 0 for price
C. automatically dismiss the low bid
D. award the contract to the low bid as this represents better value for money

Answer: A

Explanation:
You should investigate automatically low tenders by clarifying the bid with the supplier. It could be they have misunderstood the requirement. Or the bid could be genuine and they can really provide best value for money.
But without enquiring, you just don't know.

NEW QUESTION # 236
The bill of lading is one of the main documents in sea freight. Which of the following statements represent its uses? (Select TWO)

A. It provides evidence of the contract of carriage for the goods
B. It provides evidence guaranteeing the use of Incoterms
C. It provides evidence of the country of origin of the goods
D. It provides evidence that the goods are fully insured in transit
E. It provides evidence of the title of ownership of the goods

Answer: A,E

Explanation:
A bill of lading serves as:
* Evidence of the contract of carriage between shipper and carrier.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - international trade documentation, bills of lading.

NEW QUESTION # 237
During which stage of the procurement cycle would you remove suppliers that do not add value, or could pose a risk to the buying organisation?

A. asset management
B. contract award
C. supplier selection
D. develop strategy

Answer: C

Explanation:
At supplier selection stage, unsuitable suppliers should be removed (those that do not add value or pose a risk). At develop strategy stage you're not even looking at suppliers yet- you're just deciding what you need.
At contract award and asset management it's too late.
CIPS procurement cycle - Procurement Supply Cycle | CIPS

NEW QUESTION # 238
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