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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 the key processes that can be applied to the analysis of potential external suppliers:
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 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.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q77-Q82):

NEW QUESTION # 77
The procurement manager has received the following data from the supplier's accounts to facilitate the calculation of the supplier's current ratio:
Current Assets: Stock $200; Debtors $60; Cash $40; Total $300
Short Term Liabilities: Bank overdraft $150
Which calculation will the procurement manager use to find out the current ratio?

A. 300÷200×150300 ÷ 200 × 150300÷200×150
B. (300#200#150)×100(300 - 200 - 150) × 100(300#200#150)×100
C. (300#150)×100(300 - 150) × 100(300#150)×100
D. 300÷150300 ÷ 150300÷150

Answer: D

Explanation:
The current ratio is calculated by dividing total current assets by total current liabilities. Here, dividing $300 by $150 gives a current ratio of 2.0, indicating that the supplier has adequate current assets to cover its short- term obligations, an important factor in supplier evaluation.

NEW QUESTION # 78
Faisal is a medical equipment maintenance services procurement specialist within a local hospital. Faisal is responsible for ensuring contracts are in place that will ensure operational continuity of high-value pieces such as radiology equipment. When carrying out tender opportunities for these services, Faisal will specify, as an essential requirement, that certain standards are adhered to. Which of the following is a benefit of incorporating standards as a requirement within a specification?

A. Standards will ensure low pricing is submitted in the tender response
B. Standards will ensure suppliers meet all the buyer's requirements
C. Standards will mirror the buyer's requirements in its entirety
D. Standards provide clear guidelines and remove the risk of ambiguity

Answer: D

Explanation:
Incorporating standards within specifications provides clear guidelines for suppliers, reducing ambiguity and helping ensure consistency in quality and performance. This aligns with ethical and responsible sourcing practices by promoting transparency and setting consistent expectations for suppliers.

NEW QUESTION # 79
A buyer has been working with their business managers on a tender. The buyer is now assessing the tender proposals from the external market. Is it good practice for the procurement buyer to makesourcing recommendations?

A. No, it is a lengthy, costly, and unnecessary step for the procurement buyer to engage business managers
B. Yes, the procurement buyer should assess and take all decisions to award the tender independently of the business managers to avoid conflict of interest
C. Yes, the procurement buyer can advise on the competitive proposal but should engage with the business managers about the decision to award the tender
D. No, the buyer's recommendations are not relevant to the final sourcing decision, which must be taken by the business managers

Answer: C

Explanation:
Engaging with business managers while making sourcing recommendations ensures that the buyer considers multiple perspectives, reducing potential biases and improving decision-making. This approach aligns with ethical sourcing practices by promoting collaboration and transparency in tender decisions.

NEW QUESTION # 80
A buyer is carrying out an assessment to identify the risk of unethical suppliers being selected for a new contract. Which of the following should the assessment include in order to protect the organisation against ethical reputational risks?

A. Whether the suppliers have received negative press around their fair treatment of subcontracted staff
B. The likelihood of suppliers becoming insolvent in the future due to unforeseen circumstances
C. The average staff retention levels experienced by the suppliers
D. Performance records (late deliveries/poor quality) of agreed contract deliverables

Answer: A

Explanation:
Assessing the ethical reputation of suppliers is crucial to mitigate risks associated with unethical practices.
Negative media coverage regarding the fair treatment of subcontracted staff is a significant indicator of potential ethical issues within a supplier's operations. Such information can highlight concerns related to labor rights violations, discrimination, or unsafe working conditions, which can adversely affect the buying organization's reputation if not addressed.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 3.3.1: Application of the CIPS Code of Conduct

NEW QUESTION # 81
A buyer of bakery and cereal products is tracking wheat prices. Severe weather causes crop failure in a major wheat-producing country, creating global shortage while demand remains high. How can this research help the buyer?

A. The buyer will be in a strong bargaining position to reduce the price of wheat-based food items
B. The price for wheat-based produce will not be affected by the global shortages as demand is still high
C. Bakery produce is likely to be at a lower price as there is less availability of wheat flour in the market
D. The buyer will find it difficult to negotiate a lower price for products containing wheat-based ingredients

Answer: D

Explanation:
In situations of global commodity shortages, basic supply-and-demand principles mean that prices increase when demand remains constant or high. This reduces the buyer's bargaining power, making it difficult to negotiate lower prices (C). Instead, suppliers are likely to increase costs due to scarcity. Options A and D are incorrect because reduced availability drives prices up, not down. Option B is misleading - prices are affected by shortages. Responsible sourcing requires procurement professionals to anticipate such volatility through market intelligence, consider alternative supply sources, or explore hedging/forward contracts to mitigate risks.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implications" - commodity markets, supply/demand dynamics, negotiation power.

NEW QUESTION # 82
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