L4M4 Exam Braindumps & L4M4 Test Quiz & L4M4 Practice Material

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CIPS L4M4 Exam Syllabus Topics:

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

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L4M4 Exam Questions Dumps, Ethical and Responsible Sourcing VCE Collection

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CIPS Ethical and Responsible Sourcing Sample Questions (Q261-Q266):

NEW QUESTION # 261
Tracey Collum is a procurement professional and married to Nick Collum. Tracey has been leading a tender for a new radar system, where four suppliers have submitted their bids. After the bids were received, Nick joined one of the suppliers (Supplier X) as the project director for radar systems. Nick has asked Tracey to award the contract to Supplier X. What should Tracey do?

Answer: A

Explanation:
To maintain integrity and avoid conflicts of interest, Tracey should declare the conflict and remove herself from the tender process. Ethical sourcing practices emphasize transparency and fairness, which prevent potential biases and maintain trust within procurement processes.


NEW QUESTION # 262
What type of relationship should a buyer seek when making strategic sourcing for their business?

Answer: B

Explanation:
The buyer should seek a 'collaborative' relationship. Transactional and arms-length relationships are more suited to tactical sourcing. Partnerships are reserved for joint-ventures.


NEW QUESTION # 263
One approach to managing supply risk is having multiple suppliers for a product. Which condition justifies multiple sourcing?

Answer: A

Explanation:
Multiple sourcing is most suitable for strategically important, high-value requirements such as raw materials.
This approach reduces dependency on a single supplier, improves resilience, and increases competition. One- off requirements like machinery (A) are not suited to multiple sourcing, while options B and D describe disadvantages, not benefits. Responsible sourcing requires risk mitigation strategies tailored to the category, and multiple sourcing is effective where continuity and bargaining power are critical.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - sourcing strategies and supply risk management.


NEW QUESTION # 264
A company has actively included supporting of disadvantaged groups within their ESG commitment. Which of the following groups are considered disadvantaged?

Answer: C

Explanation:
Pregnant women and children are considered 'disadvantaged' by the UN. The other groups the UN call disadvantaged include; the elderly, the immunocompromised, those with disabilities and those living in poverty. This is the list given in the study guide.
A company could help disadvantaged groups in several ways. Firstly by offering employment (obviously not to the children). It could also include helping these groups as part of a Social Value out-come or community benefit scheme.


NEW QUESTION # 265
You have been asked to purchase 500 pens of a specific brand. You decided to use a weighted points system for assessment of proposals. Is this approach appropriate?

Answer: C

Explanation:
For low-value, routine purchases where price is the primary consideration, employing a weighted points system may not be necessary. Such systems are more suitable for complex procurements where multiple factors, such as quality, delivery, and sustainability, need to be evaluated alongside price. In the case of purchasing standard items like pens, a straightforward price comparison is typically sufficient.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.3.2: The use of weighted points systems for assessment


NEW QUESTION # 266
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