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CIPS L4M4 Exam Syllabus Topics:

Section	Objectives
Topic 1: Responsible Sourcing	- Environmental considerations and impacts - Social responsibility and human rights - Sustainability in supply chains
Topic 2: Corporate Social Responsibility (CSR)	- Stakeholder expectations and governance - CSR frameworks and standards
Topic 3: Supply Chain Risk and Compliance	- Supplier compliance and monitoring - Managing ethical risks in sourcing
Topic 4: Ethics in Procurement and Supply	- Principles of professional ethics - Codes of conduct and ethical decision-making

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Ethical and Responsible Sourcing Updated Study Material & L4M4 Online Test Simulator & Ethical and Responsible Sourcing Valid Exam Answers

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CIPS Ethical and Responsible Sourcing Sample Questions (Q46-Q51):

NEW QUESTION # 46
Sourcing can be tactical or strategic. Which of the following might be classified withinstrategic sourcing?
* Stakeholder meetings to review product design modifications
* Open tendering to provide new office chairs
* Evaluating quotations for the latest accounting software
* Regular stationery orders for the managing director's office

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

Answer: B

Explanation:
Strategic sourcing focuses onlong-term value creation, alignment with organisational objectives, and cross- functional stakeholder involvement. Reviewing product design modifications with stakeholders directly influences cost, sustainability, quality, and supply risk over the product lifecycle. Similarly, evaluating quotations for major systems such as accounting software represents a high-value, long-term sourcing decision with strategic impact. In contrast, sourcing office chairs and routine stationery purchases are low- value, repetitive activities and are therefore classified as tactical sourcing. Ethical and responsible sourcing requires procurement professionals to prioritise strategic activities that affect long-term performance, risk management, and sustainability outcomes.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - Tactical vs strategic sourcing; stakeholder engagement.

NEW QUESTION # 47
Liquidity is a solvency measure which determines whether an organisation is able to pay its debt. Which of the following would you use to assess a supplier's liquidity? Select TWO.

A. current assets
B. current liabilities
C. shareholder's equity
D. long-term debt

Answer: A,B

Explanation:
The correct answer is current assets and current liabilities. There are manyQuestionsabout financial ratios on the exam.
If you're unsure on them I suggest doing further reading outside of the study guide as this will help. I like this youtube video (I'm not associated with the makers of this video but think it's a great way to explain liquidity) Liquidity ratios (youtube.com) You can be asked to work out liquidity in the exam. If you are asked this, the numbers will be very simple to the point you may be able to do the sums in your head. There is also a calculator on the test app you can use.

NEW QUESTION # 48
A procurement manager has decided to use a local newspaper to source quotes from external suppliers. Why is it important to advertise tenders? Select TWO that apply.

A. To gain green procurement
B. To gain insights from the market
C. To gain tactical sourcing
D. To gain value for money
E. To avoid complex bids

Answer: B,C,D,E

Explanation:
Advertising tenders is crucial for achieving value for money by encouraging competitive bids, which can lead to better pricing and service offerings. It also provides insights into the market by revealing the capabilities and innovations of various suppliers, aiding in informed decision-making.
Exact Extract from Study Guide:
"Inviting suppliers to take part in a competitive tender may reduce the potential for the biased selection of a supplier. Time, money and resource could be saved..."

NEW QUESTION # 49
A buyer of bakery and cereal products is tracking wheat prices. Severe weather causes crop failure in a major wheat-producing country, creating global shortage while demand remains high. How can this research help the buyer?

A. The buyer will find it difficult to negotiate a lower price for products containing wheat-based ingredients
B. Bakery produce is likely to be at a lower price as there is less availability of wheat flour in the market
C. The price for wheat-based produce will not be affected by the global shortages as demand is still high
D. The buyer will be in a strong bargaining position to reduce the price of wheat-based food items

Answer: A

Explanation:
In situations of global commodity shortages, basic supply-and-demand principles mean that prices increase when demand remains constant or high. This reduces the buyer's bargaining power, making it difficult to negotiate lower prices (C). Instead, suppliers are likely to increase costs due to scarcity. Options A and D are incorrect because reduced availability drives prices up, not down. Option B is misleading - prices are affected by shortages. Responsible sourcing requires procurement professionals to anticipate such volatility through market intelligence, consider alternative supply sources, or explore hedging/forward contracts to mitigate risks.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implications" - commodity markets, supply/demand dynamics, negotiation power.

NEW QUESTION # 50
The procurement team received an urgent request from the business to source quotations for pestcontrol services. The team decided to use a local newspaper to advertise the requirements. Was this an appropriate approach to use in the circumstances?

A. No, because they might receive too many irrelevant proposals which may delay the assessing process
B. No, because international vendors must also be notified of the opportunity
C. Yes, they must seek as many bids as possible, even if it takes longer
D. Yes, so that the local pest control sector can decide between them who should bid

Answer: A

Explanation:
Advertising in a local newspaper for a specialized requirement can lead to irrelevant bids, delaying the process. Efficient sourcing practices recommend targeted advertising to reach qualified suppliers, ensuring timely responses and reducing assessment time, especially for urgent needs.

NEW QUESTION # 51
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