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CIPS L4M4 Exam Overview:

Certification Vendor:	CIPS (Chartered Institute of Procurement & Supply)
Exam Name:	Ethical and Responsible Sourcing
Exam Number:	L4M4
Related Certifications:	CIPS Level 4 Diploma in Procurement and Supply
Exam Price:	Varies by region and assessment center (typically ~£70–£120 per module)
Passing Score:	50%
Exam Duration:	120 minutes
Exam Format:	Scenario-based questions, Multiple choice questions, Computer-based exam
Available Languages:	English
Real Exam Qty:	Approximately 60 questions
Certificate Validity Period:	No fixed expiry (qualification remains valid once achieved)
Recommended Training:	CIPS Study Hub CIPS Official Learning Resources
Exam Registration:	CIPS Official Qualifications Page CIPS Exams and Assessment Information
Sample Questions:	CIPS L4M4 Sample Questions
Exam Way:	Computer-based examination delivered via authorized test centers (e.g., Pearson VUE) and/or remote proctored options depending on region.
Pre Condition:	No formal prerequisites, but typically taken as part of CIPS Level 4 Diploma progression. Level 3 Diploma knowledge is recommended.
Official Syllabus URL:	https://www.cips.org

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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 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.

CIPS Ethical and Responsible Sourcing Sample Questions (Q267-Q272):

NEW QUESTION # 267
Which of the following characteristics are likely to be required within sourcing processes undertaken in the public sector?
* An emphasis on long-term supplier relationships where possible
* Maintaining service levels within value and cost parameters
* All dealings between buyers and suppliers are kept confidential
* A competitive tendering process is usually encouraged

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

Answer: B

Explanation:
In public sector procurement, maintaining service levels within value and cost parameters is essential to ensure efficient use of public funds. Additionally, a competitive tendering process is encouraged to promote transparency, fairness, and value for money. While long-term supplier relationships can be beneficial, they are not always feasible or emphasized in the public sector due to regulations requiring periodic re-tendering.
Confidentiality is important, but public sector procurement often requires a degree of transparency that precludes complete confidentiality in dealings.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 1.4: Public Sector Procurement Characteristics

NEW QUESTION # 268
Which of the following payment mechanisms is most beneficial to the buyer?

A. open/ credit account
B. term / time draft
C. cash in advance
D. sight draft

Answer: A

Explanation:
Open account (aka credit account) is most beneficial to the buyer. The supplier delivers the goods then the buyer pays.
Cash in advance is most beneficial to the supplier. The buyer pays for the item before receiving it.
This is a known exam topic.

NEW QUESTION # 269
The use of Incoterms will eliminate all risks involved in international trade transactions. Is this statement true?

A. Yes, they are popular because all risks are avoided
B. No, they can reduce risks but will not eliminate them
C. Yes, they eliminate all the risks of buying from an overseas supplier
D. No, they will only provide assurance about the quality of goods

Answer: B

Explanation:
Incoterms clarify responsibilities between buyers and sellers, reducing certain risks but not eliminating them entirely. Responsible sourcing requires recognising that Incoterms are only part of risk management in international trade, and other factors, such as supplier reliability and quality, must be considered.

NEW QUESTION # 270
A procurement manager has decided to use a local newspaper to source quotes from external suppliers. Why is it important to advertise tenders? Select TWO that apply.

A. To gain tactical sourcing
B. To gain green procurement
C. To gain insights from the market
D. To gain value for money
E. To avoid complex bids

Answer: A,C,D,E

Explanation:
Advertising tenders is crucial for achieving value for money by encouraging competitive bids, which can lead to better pricing and service offerings. It also provides insights into the market by revealing the capabilities and innovations of various suppliers, aiding in informed decision-making.
Exact Extract from Study Guide:
"Inviting suppliers to take part in a competitive tender may reduce the potential for the biased selection of a supplier. Time, money and resource could be saved..."

NEW QUESTION # 271
Incoterms are designed to be understood and interpreted on a worldwide basis. What is the interpretation for FOB (Free on Board)?

A. The buyer takes responsibility for taking the goods from the departure quayside to the ship, plus all subsequent costs
B. The buyer takes responsibility for the goods after they are loaded on the ship, plus all subsequent costs including freight charges
C. The buyer takes responsibility for the goods after they are loaded on the ship, plus subsequent costs excluding freight charges
D. The buyer takes responsibility for transferring the goods from the seller's premises to the ship, plus all subsequent costs

Answer: B

Explanation:
Under theFOB (Free on Board)Incoterm, the seller is responsible for delivering the goods onto the vessel at the named port of shipment. Once the goods are on board, the risk and responsibility transfer to the buyer.
From that point onward, the buyer assumes all costs and risks associated with the transportation of the goods, including freight charges, insurance, unloading, and delivery to the final destination.
This interpretation aligns with the Incoterms 2020 rules set by the International Chamber of Commerce (ICC). It's crucial to note that FOB is applicable only for sea or inland waterway transport and is not suitable for containerized cargo, where theFCA (Free Carrier)term is more appropriate.
References:
Trade Finance Global: FOB (Free on Board) - Incoterms 2020 Rule
Maersk: FOB Incoterms meaning | Free on Board shipping

NEW QUESTION # 272
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