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CIPS L4M4 Exam Syllabus Topics:

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

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CIPS Ethical and Responsible Sourcing Sample Questions (Q262-Q267):

NEW QUESTION # 262
A chief procurement officer (CPO) reviews a tender process and recommendation before making the final submission to the board of directors for approval. The CPO notices that the evaluation team assessed technical and financial capacity but did not conduct an assessment and due diligence on the supplier's environmental, social, governance, anti-bribery, and corruption practices and processes. The CPO has decided to forward the report to the board for approval and seek reassurance from the supplier at a later date once the contract has been signed. Was the CPO's decision the correct one?

Answer: D

Explanation:
Ethical and responsible sourcing requires that environmental, social, governance, anti-bribery and corruption (ESG/ABC) considerations are assessed before contract award, not after. Failure to conduct due diligence exposes the buying organisation to reputational damage, legal sanctions, financial losses, and supply chain disruption. Seeking reassurance post-contract removes leverage and weakens governance controls. CIPS guidance stresses that supplier evaluation must be holistic, covering technical, financial, and ethical compliance to ensure risks are identified and mitigated early. Strategic contracts, in particular, demand robust due diligence to protect organisational integrity and stakeholder trust.
Reference: CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - supplier due diligence; ESG and reputational risk management.


NEW QUESTION # 263
Bribery is considered an unethical business practice. What constitutes a bribe?

Answer: A

Explanation:
A bribe is anything that is of value to the recipient. It's commonly money, but could also be an item such as a car, or doing someone a favour such as hiring their son.


NEW QUESTION # 264
The balance sheet (statement of financial position) is one of the financial statements used in assessing a supplier's financial stability. The balance sheet contains information on such items as ...

Answer: D

Explanation:
A balance sheet sets out assets, liabilities and equity at a point in time. Current (short-term) liabilities such as overdrafts and tax creditors are part of it. Cash receipts (A) sit in cash-flow statements; expenses and profit (B) are in the income statement; ratios (C) are derived metrics, not items on the statement.
Reference: CIPS L4M4 Study Guide (v2): LO "Application" - supplier financial appraisal; interpreting the statement of financial position.


NEW QUESTION # 265
The bill of lading is one of the main documents in sea freight. Which of the following statements represent its uses? (Select TWO)

Answer: A,D

Explanation:
A bill of lading serves as:
* Evidence of the contract of carriage between shipper and carrier.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - international trade documentation, bills of lading.


NEW QUESTION # 266
A supplier of copper cable has notified the buyer that the price of the cable is increasing by 6% due to increases in the cost of copper, a key component of the cable.
Which of the following indices could be utilised to check the validity of the supplier's proposed changes in the price of the cable?

Answer: A

Explanation:
Commodity Price Indices track movements in the prices of raw materials such as metals, oil, and agricultural products. Since copper is a traded commodity, changes in its market price can be independently verified through commodity indices. This allows buyers to validate supplier claims objectively and ensure price increases are justified and transparent. Purchasing Managers' Index measures business confidence, CPI measures consumer inflation, and stock indices reflect equity performance rather than raw material costs.
Ethical and responsible sourcing requires procurement professionals to use reliable market data to challenge unjustified price increases and maintain fairness in supplier negotiations.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - market analysis, price indices, cost drivers.


NEW QUESTION # 267
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