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| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Ethical and Responsible Sourcing |
| Exam Number: | L4M4 |
| Certificate Validity Period: | 3 years |
| Related Certifications: | L4M6 Supplier Relationships L4M2 Defining Business Need L4M7 Whole Life Asset Management L4M5 Commercial Negotiation L4M1 Scope and Influence of Procurement and Supply L4M8 Procurement and Supply in Practice L4M3 Commercial Contracting |
| Exam Duration: | 90 minutes |
| Available Languages: | Chinese, Spanish, Arabic, French, English |
| Exam Format: | Objective Response, Multiple Choice, Scenario-based |
| Exam Price: | USD 230 - 280 |
| Passing Score: | 70% |
| Real Exam Qty: | 60 |
| Recommended Training: | CIPS Official Study Guide & Learning Materials CIPS Approved Training Providers |
| Exam Registration: | CIPS Official Registration |
| Sample Questions: | CIPS L4M4 Sample Questions |
| Exam Way: | Computer-based online or on-site at authorized test centers |
| Pre Condition: | No formal prerequisites; suitable for professionals with 1โ2 years of procurement experience or relevant education |
| Official Syllabus URL: | https://www.cips.org/qualifications/diploma-in-procurement-supply/ethical-and-responsible-sourcing |
There is no doubt that we all dream of working for top companies around the globe. Some people make it through but some keep on thinking about how to break that glass. If you are among those who belong to the latter category, you should start the preparations for the Ethical and Responsible Sourcing (L4M4) certification exam to improve your knowledge, expertise and crack even the toughest interview easily.
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NEW QUESTION # 281
Which of the following are key areas of regulations that govern organisations in responsible procurement and supply?
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 # 282
Which of the following areas of legislative and regulatory requirements prevent the deliberate limit-ing of supply and the formation of cartels?
Answer: A
Explanation:
the correct answer is 'marketplace competition'.
Ethical practice is about prohibiting corrupt and unfair practice, rather than issues of supply and demand.
Although being in a cartel is 'unethical behavior' this option doesn't fully answer the question which talks about limiting supply- this is related to marketplace competition.
NEW QUESTION # 283
Which of the following are procurement procedures permissible under EU Public Procurement rules? Select TWO that apply.
Answer: C,D
Explanation:
Under EU Public Procurement rules, the permissible procurement procedures include the Open Procedure and the Restricted Procedure. The Open Procedure allows any interested party to submit a tender, while the Restricted Procedure involves a two-stage process where only selected candidates are invited to submit tenders. These procedures are designed to ensure transparency, competition, and equal treatment in public procurement.
Exact Extract from Study Guide:
"The EU Public Procurement Directive outlines several procedures including Open Procedure and Restricted Procedure, which are designed to facilitate fair and transparent procurement processes."
NEW QUESTION # 284
Jack Green is planning to use competitive tendering to source a new component for a new product that the customer research department has been developing for the domestic market. Jack is intending to use an open tender process. Which of the following aspects must Jack consider if an open tender procedure is to be used?
Answer: C
Explanation:
In an open tender process, any supplier can submit a bid, and there is no pre-qualification stage. This approach is suitable when the requirements are well-defined, and there is a sufficient number of suppliers in the market to ensure competition. However, if too many suppliers respond, it can lead to an overwhelming number of bids to evaluate. Therefore, it's essential to consider the number of potential suppliers in the market before opting for an open tender.
Exact Extract from Study Guide:
"Open procedure - used for well-specified requirements and there is no pre-qualification of bidders. Many suppliers could submit a bid, which could result in lots of bids to assess, so the open procedure is normally only used where the number of potential bidders is expected to be relatively low."
NEW QUESTION # 285
Which remedial actions may be undertaken by a purchasing organisation following a supplier audit? (Select TWO)
Answer: B,E
Explanation:
When supplier audits reveal issues, buyers should implement constructive measures. Supplier development programmes (A) help improve performance through training, mentoring, and joint improvement initiatives.
Corrective action plans (E) outline specific steps and timelines to address identified gaps. Options like hiring supplier staff or informal brainstorming do not provide structured improvements, while violating contracts would undermine governance. Responsible sourcing emphasises supplier engagement and continuous improvement, ensuring suppliers meet ethical, quality, and sustainability expectations rather than simply penalising them.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - supplier audits and corrective actions.
NEW QUESTION # 286
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