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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 2	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 3	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.
Topic 4	Understand the key processes that can be applied to the analysis of potential external suppliers:

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CIPS Ethical and Responsible Sourcing Sample Questions (Q150-Q155):

NEW QUESTION # 150
A buyer might opt to do an 'Invitation to Tender' (ITT) rather than a 'Request for Quotation' (RFQ) process because ...

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

Answer: D

Explanation:
An Invitation to Tender (ITT) is used when requirements are complex, high-value, or strategic, requiring detailed supplier submissions, robust evaluation, and structured governance. RFQs are better for low-value, straightforward purchases where price is the main factor. ITTs ensure fairness, transparency, and comprehensive evaluation when the stakes are high. It is not chosen simply because of oligopolies or time pressure. Responsible sourcing requires matching the sourcing process to the complexity and risk of the procurement, ensuring appropriate competition and governance.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - sourcing procedures and their application.

NEW QUESTION # 151
A procurement manager who works in the public sector has received 8 submissions to a tender op-port unity that was advertised on OJEU. The average price submission for the contract was £1m but one supplier has submitted a price of £200,000, which the procurement manager has identified as being 'an abnormally low tender'. What should be the procurement manager's course of action?

A. award the contract to the low bid as this represents better value for money
B. award the bid a 0 for price
C. investigate the low bid
D. automatically dismiss the low bid

Answer: C

Explanation:
You should investigate automatically low tenders by clarifying the bid with the supplier. It could be they have misunderstood the requirement. Or the bid could be genuine and they can really provide best value for money.
But without enquiring, you just don't know.

NEW QUESTION # 152
Ivan is an investor who is looking to invest in new businesses. He is reviewing several companies and working out what his equity would be. Which of the following does Ivan need to know tocalculate shareholder equity? Select TWO.

A. net profit
B. total assets
C. total liabilities
D. net income

Answer: B,C

Explanation:
Shareholder Equity = Total Assets - Total Liabilities

NEW QUESTION # 153
Compared with single sourcing, what is a key advantage to dual or multiple sourcing? Select TWO

A. Economies of scale
B. Supplier Loyalty
C. It is easy to drive down costs
D. There is a risk of failure to supply
E. Low risk of failure to supply

Answer: C,E

Explanation:
The correct answers are 'it is easy to drive down costs' (as you can pit the suppliers against each other) and
'low risk of failure to supply' (if one supplier can't provide what you need, the other supplier might be able to).
Economies of scale and supplier loyalty are advantages of single-sourcing.
There is a risk of failure to supply is a risk associated with single sourcing.
There's a useful table of advantages and disadvantages of single / multi sourcing on p.22. Types of sourcing is a key topic for the exam.

NEW QUESTION # 154
Foresttors Plc is negotiating a new contract for the procurement of timber, a crucial component of its production operations. The company has incorporated environmental, social, and governance (ESG) reporting requirements into the contractual terms. Is this a valid approach?

A. Yes. This helps to demonstrate the importance of compliance with ESG
B. No. Suppliers cannot be legally responsible for ESG compliance; this should be the buying organisation
C. No. ESG is not within the scope of a contractual document and should always be treated informally
D. Yes, providing the contract does not require a supplier to do anything differently for ESG than they have done previously

Answer: A

Explanation:
Embedding ESG/ethical clauses and reporting in contracts is a key mechanism to implement responsible sourcing, set clear expectations, and enable monitoring and remedies. Suppliers can be held to contractual ESG obligations where these are defined and agreed.
Reference: CIPS L4M4 Study Guide (v2): LO "Implementation" - contractual clauses for ethics/ESG, monitoring and enforcement.

NEW QUESTION # 155
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