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CIPS L4M4 Exam Overview:

Certification Vendor:	CIPS
Exam Name:	Ethical and Responsible Sourcing
Exam Number:	L4M4
Certificate Validity Period:	N/A
Exam Duration:	90 minutes
Available Languages:	English
Passing Score:	70%
Real Exam Qty:	60
Related Certifications:	CIPS Level 4 Diploma in Procurement and Supply
Exam Price:	$185.69
Exam Format:	Multiple Choice Questions (MCQ), Multiple Selection Questions
Sample Questions:	CIPS L4M4 Sample Questions
Exam Way:	Computer-based exam at CIPS accredited exam centre
Pre Condition:	No mandatory pre-requisites, but candidates are typically working towards or enrolled in the CIPS Level 4 Diploma in Procurement and Supply.
Official Syllabus URL:	https://www.cips.org/students/level-4-diploma

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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 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 (Q48-Q53):

NEW QUESTION # 48
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 mirror the buyer's requirements in its entirety
B. Standards will ensure low pricing is submitted in the tender response
C. Standards provide clear guidelines and remove the risk of ambiguity
D. Standards will ensure suppliers meet all the buyer's requirements

Answer: C

Explanation:
Incorporating recognized standards into procurement specifications provides clear guidelines for suppliers, reducing ambiguity and ensuring that products or services meet predefined quality and safety criteria. This is particularly important in sectors like healthcare, where equipment must adhere to strict standards to ensure patient safety and operational efficiency.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 1.3: Specifications and Standards

NEW QUESTION # 49
Which of the following items would you expect to find on a balance sheet? Select THREE

A. current liabilities
B. gross product sales
C. stockholders' equity
D. current assets
E. net product sales

Answer: A,C,D

Explanation:
current assets, current liabilities and equity can be found on a balance sheet. Net and gross sales will be found on a profit and loss account.

NEW QUESTION # 50
Using a weighted scorecard to assess and compare supplier proposals is beneficial for which of the following reasons?

A. It increases bias towards suppliers who otherwise might not have been awarded the contract
B. Deciding on what score to give each criterion is subjective and can avoid transparency in the selection process
C. It provides an objective and consistent approach to evaluating bids and ensures that best value for money is achieved
D. The focus on price simplifies the assessment process, making it easier to select the lowest cost supplier

Answer: C

Explanation:
A weighted scorecard provides astructured, objective, and transparentmethod of evaluating supplier bids against pre-agreed criteria such as price, quality, sustainability, and delivery. Weightings reflect the relative importance of each criterion, ensuring decisions are aligned with organisational priorities and value-for- money principles. This approach reduces bias, improves consistency, and creates an auditable record of the decision-making process. It does not focus solely on price, nor does it increase subjectivity when designed correctly. Ethical and responsible sourcing promotes the use of weighted scorecards to support fair competition, transparency, and defensible procurement decisions.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - evaluation methodologies; weighted scoring models.

NEW QUESTION # 51
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. 1 and 3 only
D. 2 and 4 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 # 52
Achieving the 'five rights of procurement' is one of the key objectives of procurement managers. Which of the following are not considered one of the 5 rights? Select TWO.

A. quantity
B. environment
C. ethics
D. time
E. quality

Answer: B,C

Explanation:
ethics and environment are not a 'right of procurement'.
The 5 rights are price, quality, quantity, time and place.

NEW QUESTION # 53
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