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CIPS L4M4 Exam Syllabus Topics:

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

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CIPS Ethical and Responsible Sourcing Sample Questions (Q226-Q231):

NEW QUESTION # 226
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 financial stability of the company
B. The company's code of ethics
C. Procedures on intra-company trading
D. The company's employee working conditions
E. The company's policy on carbon emissions
F. The company's criteria for make or buy decisions

Answer: B,D,E

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 # 227
Tracey Collum is a procurement professional and married to Nick Collum.
Tracey has been leading a tender for a new radar system, where four suppliers have submitted their bids.
After the bids were received, Nick joined one of the suppliers (Supplier X) as the project director for radar systems.
Nick has asked Tracey to award the contract to Supplier X. What should Tracey do?

A. Award the contract to Supplier X because Nick will be promoted if Supplier X wins the contract
B. Ask to be removed from the tender due to a conflict of interest and complete a conflict of interest form
C. Award the contract to Supplier X because Tracey can ask for a better price because they are married
D. Remove Supplier X from the tender due to a conflict of interest and continue with the tender

Answer: B

Explanation:
To maintain integrity and avoid conflicts of interest, Tracey should declare the conflict and remove herself from the tender process. Ethical sourcing practices emphasize transparency and fairness, which prevent potential biases and maintain trust within procurement processes.

NEW QUESTION # 228
What are the risks of outsourcing?
* Loss of control of project
* Loss of assets
* Loss of future business opportunities
* Loss of private information

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

Answer: D

Explanation:
Loss of control and loss of private information are significant risks in outsourcing. Responsible sourcing involves mitigating these risks by setting clear agreements, monitoring, and safeguarding sensitive information to maintain control over outsourced activities.

NEW QUESTION # 229
A buyer might opt to do an Invitation to Tender (ITT) rather than a Request for Quotation (RFQ) because ...

A. The supplier market is an oligopoly where a few large suppliers dominate the market
B. The contract will be low value and there are many suppliers, therefore a simpler approach is required
C. Time is of the essence and decisions need to be made quickly without additional stakeholder involvement
D. The nature of the goods or services being purchased is complex and high value

Answer: D

Explanation:
ITT is appropriate for complex/high-value procurements needing detailed submissions and robust evaluation.
RFQ suits simple, well-specified, lower-value buys where price comparison is primary.
Reference: CIPS L4M4 Study Guide (v2): LO "Implementation" - sourcing procedures (RFI/RFQ/ITT) matched to complexity and risk.

NEW QUESTION # 230
You have been asked to purchase 500 pens of a specific brand. You decided to use a weighted points system for assessment of proposals. Is this approach appropriate?

A. Yes, you should follow the same procurement process irrespective of the circumstances
B. Yes, a weighted points system is always the best way to evaluate suppliers' bids
C. No, it is not necessary, as in this case, you are mainly concerned with price
D. No, you should only use a weighted points system for high-spend procurement

Answer: C

Explanation:
For low-value, routine purchases where price is the primary consideration, employing a weighted points system may not be necessary. Such systems are more suitable for complex procurements where multiple factors, such as quality, delivery, and sustainability, need to be evaluated alongside price. In the case of purchasing standard items like pens, a straightforward price comparison is typically sufficient.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.3.2: The use of weighted points systems for assessment

NEW QUESTION # 231
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