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CIPS L4M4 Exam Overview:

Certification Vendor:	CIPS
Exam Name:	Ethical and Responsible Sourcing
Exam Number:	L4M4
Real Exam Qty:	60
Certificate Validity Period:	3 years
Related Certifications:	L4M6 Supplier Relationships L4M8 Procurement and Supply in Practice L4M1 Scope and Influence of Procurement and Supply L4M7 Whole Life Asset Management L4M5 Commercial Negotiation L4M3 Commercial Contracting L4M2 Defining Business Need
Exam Format:	Multiple Choice, Scenario-based, Objective Response
Passing Score:	70%
Exam Price:	USD 230 - 280
Available Languages:	Arabic, English, Chinese, Spanish, French
Exam Duration:	90 minutes
Recommended Training:	CIPS Approved Training Providers CIPS Official Study Guide & Learning Materials
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 1–2 years of procurement experience or relevant education
Official Syllabus URL:	https://www.cips.org/qualifications/diploma-in-procurement-supply/ethical-and-responsible-sourcing

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CIPS L4M4 Exam Syllabus Topics:

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

CIPS Ethical and Responsible Sourcing Sample Questions (Q239-Q244):

NEW QUESTION # 239
A buyer might opt to do an Invitation to Tender (ITT) rather than a Request for Quotation (RFQ) because ...

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

Answer: A

Explanation:
ITT is appropriate for complex/high-value procurements needing detailed submissions and robust evaluation.
RFQ suits simple, well-specified, lower-value buys where price comparison is primary.
Reference: CIPS L4M4 Study Guide (v2): LO "Implementation" - sourcing procedures (RFI/RFQ/ITT) matched to complexity and risk.

NEW QUESTION # 240
A balance sheet will show a company's assets, liabilities and shareholder equity. What is share-holder equity?

A. the amount of money held in the company's bank account
B. the profit from sales once tax has been deducted
C. the owners' residual claim once all debt has been paid
D. the amount of money from retained earnings

Answer: C

Explanation:
shareholder equity = the owner/s of the organisation's residual claim once all debts have been paid. What Is Shareholder Equity (SE) and How Is It Calculated? (investopedia.com)

NEW QUESTION # 241
Jamilla is looking to find a new supplier who can deliver raw materials of wood and paper to her company Woody Manufacturing Incorporated. The requirement is for regular orders of high volume. She has issued a Request for Quotation. What will this assess the suppliers on?

A. who can deliver the items the cheapest
B. the five rights of procurement
C. which price is the most ethical
D. who can deliver the highest quality items

Answer: B

Explanation:
According to p.75 "a RFQ attempts to assess which supplier can achieve the Five Rights of Procurement".
Although price is the only factor considered when using a RFQ- it's important to consider this price in detail; can the supplier deliver the right QUALITY of product for this price?, can they deliver the item WHEN we need it for this price? etc.
The answer is not 'who will deliver it the cheapest' because Jamilla might not pick the cheapest sup-plier. If the cheapest supplier has inferior quality paper, or can only make deliveries every other Tuesday then Jamilla may not select them.

NEW QUESTION # 242
Which of the following can be undertaken by the buyer in relation to the governance of a supplier's ethical and sustainable behaviours?
* Review the insurance clauses in the contract
* Check that the supplier's internal policies are up to date
* Check the supplier's conflict of interest register for their contract
* Review the non-disclosure agreement for their contract

A. 1 and 4 only
B. 2 and 3 only
C. 2 and 4 only
D. 1 and 3 only

Answer: B

Explanation:
Regularly checking supplier policies and conflict of interest registers helps ensure that suppliers are upholding ethical standards, which supports responsible sourcing practices. This governance activity aligns with ethical guidelines to promote transparency and prevent conflicts that could affect the integrity of the supply chain.

NEW QUESTION # 243
Scott is a procurement manager who is evaluating a bid from a supplier to provide a new IT system to his office that will be used by 100 employees. He is considering the total life-cycle costs. Which of the following should Scott consider? Select THREE

A. Acquisition Costs
B. Training
C. Maintenance
D. Functional Fit
E. Added value

Answer: A,B,E

Explanation:
total life-cycle costs include; acquisition costs, maintenance and training.
Added value and functional fit are quality criteria that should also be evaluated when selecting a supplier, but do not fall under total life-cycle costs.
Note: total life cycle costs and whole life asset management are the same thing. You may see both terms used in the exam. I think CIPS is moving more towards Whole Life Asset Management now as the preferred vocabulary but they're the same thing.

NEW QUESTION # 244
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