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CIPS L4M4 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Understand options for sourcing requirements from suppliers	25%	- Tendering and selection processes 1. Open, restricted and negotiated procedures 2. Award criteria and evaluation methods - Sourcing approaches and strategies 1. Insourcing, outsourcing and offshoring 2. Domestic vs international sourcing 3. Single, multiple and sole sourcing
Topic 2: Understand compliance issues when sourcing from suppliers	25%	- Legislative and regulatory requirements 1. Ethical standards and codes of conduct 2. Environmental regulations and sustainability 3. Labour laws, human rights and anti-corruption - Organisational policies and procedures 1. Code of ethics and professional conduct 2. Governance and accountability frameworks
Topic 3: Understand ethical and responsible sourcing principles and practices	25%	- Ethical frameworks and concepts 1. Conflict of interest and transparency 2. Fairness, integrity and accountability 3. CIPS Code of Ethics - Sustainable and responsible sourcing 1. Social, environmental and economic impact 2. Supplier development and collaboration 3. Audit, monitoring and improvement
Topic 4: Understand key processes to analyse potential external suppliers	25%	- Supplier appraisal and evaluation 1. Financial stability and risk assessment 2. Quality and performance standards 3. Technical and operational capability - Market analysis and intelligence 1. Collecting and interpreting market data 2. Supplier capacity and capability assessment

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CIPS Ethical and Responsible Sourcing Sample Questions (Q122-Q127):

NEW QUESTION # 122
Phishing is a type of fraud that is commonly associated with which industry?

A. Construction
B. Agriculture
C. IT
D. Mining

Answer: C

Explanation:
Phishing is a type of fraud where IT users are sent a link (usually by email) which exposes them to activities of expert cybercriminals.

NEW QUESTION # 123
If a commodity index shows that the price of a commodity is continually rising, what does this indicate about the market?

A. there is a threat of substitution
B. demand is exceeding supply
C. that there is little demand in the marketplace
D. the marketplace is a monopoly

Answer: B

Explanation:
The correct answer is 'demand is exceeding supply'- If everyone wants to buy something, the sup-pliers will likely increase the price.
If there was little demand or there were threats of substitutions, this would likely result in a price decrease.

NEW QUESTION # 124
Why would you use a credit score to appraise a supplier?

A. to understand the level of risk the supplier poses to your organisation
B. to understand if their prices reflect market value
C. to find out if the supplier has any unethical business practices
D. to find out how much money the supplier has in the bank

Answer: A

Explanation:
A credit rating generates a score which reflects 'the level of risk an organisation poses when dealing with other businesses'. It's saying how risky it is to loan them money or do business with them by looking at how good they are at paying people. So a high credit rating will say they're good at paying back their loans and paying their suppliers on time. A poor credit rating will say they often miss payments or pay late.
A credit rating will not tell you how much money they have, or details on their prices. Credit scores looks at purely financial data so wouldn't help you analyse whether their business practices are ethical or not.

NEW QUESTION # 125
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 4 only
B. 2 and 3 only
C. 3 and 4 only
D. 1 and 2 only

Answer: A

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 # 126
When sourcing an item of strategic importance and high value in the public sector, is it important to advertise this publicly?

A. no- buyers can approach known contractors
B. no- buyers in the public sector do not source strategic items
C. yes- the public sector should advertise through the Freedom of Information Act
D. yes- the public sector should advertise the opportunity as a call for competition

Answer: D

Explanation:
The correct answer is 'yes- the public sector should advertise as a call for competition'. They do this in the Official Journal of the European Union (OJEU). Public Sector has to be transparent about everything and treat all suppliers equally. So they can't just approach the ones they like.
In the study guide it says OIEU and this is a typo. It's OJEU.
What is The OJEU in 2 minutes or less (trackerintelligence.com)

NEW QUESTION # 127
......

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