L4M4 New Dumps Questions - L4M4 Real Question

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CIPS L4M4 Exam Overview:

Certification Vendor:	CIPS
Exam Name:	Ethical and Responsible Sourcing
Exam Number:	L4M4
Passing Score:	70%
Real Exam Qty:	60
Exam Price:	$185.69
Available Languages:	English
Exam Format:	Multiple Choice Questions (MCQ), Multiple Selection Questions
Related Certifications:	CIPS Level 4 Diploma in Procurement and Supply
Exam Duration:	90 minutes
Certificate Validity Period:	N/A
Sample Questions:	CIPS L4M4 Sample Questions
Exam Way:	Computer-based exam at CIPS accredited exam centre
Pre Condition:	No mandatory pre-requisites, but candidates are typically working towards or enrolled in the CIPS Level 4 Diploma in Procurement and Supply.
Official Syllabus URL:	https://www.cips.org/students/level-4-diploma

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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.

CIPS Ethical and Responsible Sourcing Sample Questions (Q217-Q222):

NEW QUESTION # 217
Jack Green is using an open tender to source a new component for a product. What must be considered if using an open tender?

A. The tender will only be advertised in marketing journals
B. Price will be the only selection criterion
C. There must be an adequate number of suppliers in the market
D. Bidders must be pre-qualified prior to invitation

Answer: C

Explanation:
An open tender is advertised publicly and open to all interested suppliers. For it to be effective, there must be a sufficient supplier market (A) to justify competition. If supplier numbers are too low, restricted or negotiated procedures may be more appropriate. Pre-qualification applies to restricted tenders, not open ones.
Price-only evaluation breaches responsible sourcing principles, which require balanced criteria. Responsible sourcing highlights that open tendering ensures transparency and fairness but must be used appropriately depending on market conditions.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - tendering methods and considerations.

NEW QUESTION # 218
Which of the following are key areas of regulations that govern organisations in responsible procurement and supply?

A. Ethical practice, data protection and marketplace competition
B. Competitive pricing, unsecured business loans and threats of new entrants
C. Digitisation, artificial intelligence and innovations
D. Company culture, product branding and staff uniforms

Answer: A

Explanation:
Responsible procurement and supply are governed by several key regulatory areas to ensure ethical and fair practices. These include:
* Ethical Practice:Ensures that organisations conduct business in a manner that is ethical and free from corruption.
* Data Protection:Involves safeguarding personal and sensitive information, ensuring compliance with laws such as the General Data Protection Regulation (GDPR).
* Marketplace Competition:Ensures fair competition among businesses, preventing monopolies and promoting consumer choice.
These areas are critical in maintaining integrity, trust, and compliance within procurement activities.
Exact Extract from Study Guide:
"Key areas of regulation that organisations must follow include data protection, ethical practice, health, safety and environment, worker rights, marketplace competition, and product safety standards."

NEW QUESTION # 219
Elaine works for a British manufacturer of confectionary (sweets/ candy) items. One of the key ingredients is cocoa powder, which cannot be grown in the UK. Elaine therefore needs to look abroad for suppliers. Which of the following are risks that Elaine needs to consider when sourcing internationally? Select THREE

A. export tariffs
B. ethical behavior
C. currency exchange fluctuations
D. cultural differences
E. shortened lead times

Answer: B,C,D

Explanation:
The correct answers are; currency exchange fluctuations, ethical behavior and cultural differences.
Shortened lead times is not correct because sourcing internationally would result in longer lead times. Export tariffs is not correct as Elaine is importing the items into the UK, not exporting them.

NEW QUESTION # 220
Which of the following should be assessed in supplier proposals to check compliance with environmental, social, and governance (ESG) standards? Select THREE that apply.

A. The company's employee working conditions
B. The company's code of ethics
C. The company's criteria for make or buy decisions
D. Procedures on intra-company trading
E. The financial stability of the company
F. The company's policy on carbon emissions

Answer: A,B,F

Explanation:
Employee working conditions, a code of ethics, and a carbon emissions policy are all indicative of a supplier's commitment to ESG standards. Assessing these factors aligns with responsible sourcing practices, which prioritize sustainability and ethical considerations.

NEW QUESTION # 221
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 # 222
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