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| Section | Objectives |
|---|---|
| Topic 1: Understand compliance issues when sourcing from suppliers | - Ethical sourcing and corporate social responsibility (CSR) - Regulatory and legal compliance - Modern slavery and human rights in supply chains - Sustainability and environmental considerations - Global sourcing considerations and Incoterms - Codes of conduct and ethical standards - Anti-bribery and anti-corruption measures |
| Topic 2: Understand options for sourcing of requirements from suppliers | - Single, dual and multiple sourcing - Factors influencing sourcing decisions - Insourcing vs outsourcing decisions - Sourcing strategies and approaches |
| Topic 3: Understand the key processes that can be applied to the analysis of potential external suppliers | - Supplier appraisal and evaluation methods - Risk assessment in supplier selection - Supplier audits and due diligence - Use of Request for Information (RFI), Request for Proposal (RFP) and Request for Quotation (RFQ) - Financial analysis of suppliers |
>> Certification CIPS L4M4 Dumps <<
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NEW QUESTION # 174
A buyer might opt to do an 'Invitation to Tender' rather than a 'Request for Quotation' process because ...
Answer: B
Explanation:
An Invitation to Tender (ITT) is typically used for complex, high-value procurements where the quality and specific features of the goods or services are of paramount importance. This approach ensures that ethical and responsible sourcing criteria are met, aligning with best practices in procuring specialised goods or services.
NEW QUESTION # 175
Placing varied importance on different sections of a tender submission is known as what?
Answer: B
Explanation:
Weightingis the process of assigning different levels of importance to evaluation criteria within a tender assessment, such as price, quality, sustainability, and delivery. This ensures that the final decision reflects organisational priorities and achieves best value rather than focusing on a single factor. Bias refers to unfair preference, compliance relates to meeting mandatory requirements, and scaling refers to scoring ranges rather than importance. Ethical and responsible sourcing promotes weighting as it supports transparent, objective, and defensible evaluation decisions aligned with value-for-money and sustainability objectives.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - evaluation methods; weighted scoring models.
NEW QUESTION # 176
The Freedom of Information Act is a piece of UK legislation which allows members of the public to request information on issues such as public sector sourcing. When a request is made, it is compulsory for the public sector to provide this information to the public. Is this statement true?
Answer: D
Explanation:
the correct answer is 'no- the public sector can choose not to publish information if it is not deemed to be in the public interest'.
They use something called the 'public interest test' to determine if the information should be re-leased or not.
For example they may not respond to a request asking how many bullets the UK Army has in storage, as that would be detrimental to national security interests.
Responses to requests are made within 21 days, not 28.
NEW QUESTION # 177
Which of the following Incoterms has the lowest risk for the supplier?
Answer: D
Explanation:
Ex-Works has the lowest risk to the supplier- in Exworks the buyer collects the items directly from the supplier - so they have all the issues and risks of transporting it back home.
There are many question on Incoterms CIPS can ask. But as there's such a huge bank of questions it's really hit or miss if you'll get one of those question. Two students sitting the exam at the same time in the same study centre can get different question sets. One person can get 3 Incoterm questions and the other gets 0.
I would learn the major ones- the ones at the ends of the table in particular because these are the ones question are likely to be about. Ex works / Free carrier and Delivered at Place Unloaded/ De-livered Duty Paid in particular.
I like this graph as I'm a visual person. I think it makes it easier to understand than the study guide:
Shipping Incoterms: the Complete Guide - Guided Imports
NEW QUESTION # 178
The bill of lading is one of the main documents associated with sea freight within international sourcing.
Which of the following statements represent some of the uses of the bill of lading? Select TWO that apply.
Answer: B,C
Explanation:
The bill of lading serves as both a receipt of goods and a document of title, which means it confirms the contract of carriage and can transfer ownership. Responsible sourcing in international trade requires precise documentation, which is why the bill of lading is critical in verifying both carriage and title.
NEW QUESTION # 179
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