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While making revisions and modifications to the CIPS L4M4 practice exam, our team takes reports from over 90,000 professionals worldwide to make the Ethical and Responsible Sourcing exam questions foolproof. To make you capable of preparing for the CIPS L4M4 Exam smoothly, we provide actual CIPS L4M4 exam dumps.
| Certification Vendor: | CIPS (Chartered Institute of Procurement & Supply) |
|---|---|
| Exam Name: | Ethical and Responsible Sourcing |
| Exam Number: | L4M4 |
| Passing Score: | 50% |
| Exam Format: | Scenario-based questions, Multiple choice questions, Computer-based exam |
| Exam Price: | Varies by region and assessment center (typically ~£70–£120 per module) |
| Related Certifications: | CIPS Level 4 Diploma in Procurement and Supply |
| Certificate Validity Period: | No fixed expiry (qualification remains valid once achieved) |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Real Exam Qty: | Approximately 60 questions |
| Recommended Training: | CIPS Study Hub CIPS Official Learning Resources |
| Exam Registration: | CIPS Exams and Assessment Information CIPS Official Qualifications Page |
| Sample Questions: | CIPS L4M4 Sample Questions |
| Exam Way: | Computer-based examination delivered via authorized test centers (e.g., Pearson VUE) and/or remote proctored options depending on region. |
| Pre Condition: | No formal prerequisites, but typically taken as part of CIPS Level 4 Diploma progression. Level 3 Diploma knowledge is recommended. |
| Official Syllabus URL: | https://www.cips.org |
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NEW QUESTION # 193
Azram, a facilities category buyer for UK police, is sourcing uniforms internationally. Concerned about exchange rate risk, how can Azram remove this risk?
Answer: B
Explanation:
Exchange rate fluctuations can significantly affect the cost of international contracts. The most direct way to eliminate this risk is to agree prices in the buyer's home currency (GBP Sterling). This passes the risk to the supplier, who must manage currency exposures through hedging or local arrangements. Using the exchange rate at delivery (C) retains exposure for the buyer, while financial analysis (A) and competitive tendering (B) don't address exchange risk. Responsible sourcing requires buyers to consider financial risk-sharing mechanisms as part of contract negotiations.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - managing exchange rate risk in international sourcing.
NEW QUESTION # 194
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?
Answer: D
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 # 195
What course of action should be taken when an audit of a supplier identifies evidence of human rights malpractice?
Answer: D
Explanation:
Addressing human rights issues collaboratively by developing an action plan allows for improvement and correction. This approach is consistent with ethical sourcing principles, which encourage responsible intervention to correct and improve supply chain practices rather than punitive measures that may not lead to long-term change.
NEW QUESTION # 196
Raja is a procurement manager who is keen to gain further insight into the current marketplace and whether local suppliers are capable to provide a service he is looking to procure. He wishes to test the market before he begins a formal tender process. What should Raja do?
Answer: B
Explanation:
Raja should send out a RFI- request for information; this will allow him to gain feedback from the marketplace prior to tender.
Speaking only with current suppliers will not provide all the information Raja requires.
He should not send out a request for quotation since he is still conducting market research An open competition would be how he can procure, after he's completed his research
NEW QUESTION # 197
One approach to managing supply risk is having multiple suppliers for a product. Which condition justifies multiple sourcing?
Answer: D
Explanation:
Multiple sourcing is most suitable for strategically important, high-value requirements such as raw materials.
This approach reduces dependency on a single supplier, improves resilience, and increases competition. One- off requirements like machinery (A) are not suited to multiple sourcing, while options B and D describe disadvantages, not benefits. Responsible sourcing requires risk mitigation strategies tailored to the category, and multiple sourcing is effective where continuity and bargaining power are critical.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - sourcing strategies and supply risk management.
NEW QUESTION # 198
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