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| Section | Objectives |
|---|---|
| Supply Chain Risk and Compliance | - Managing ethical risks in sourcing - Supplier compliance and monitoring |
| Corporate Social Responsibility (CSR) | - CSR frameworks and standards - Stakeholder expectations and governance |
| Ethics in Procurement and Supply | - Codes of conduct and ethical decision-making - Principles of professional ethics |
| Responsible Sourcing | - Sustainability in supply chains - Social responsibility and human rights - Environmental considerations and impacts |
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NEW QUESTION # 247
A procurement manager analyses total company expenditure on goods and services. What can expenditure by product category or supplier achieve? (Select TWO)
Answer: A,B
Explanation:
Expenditure analysis by category/supplier enables buyers to track trends over time (A), supporting benchmarking and financial control. It also identifies opportunities for negotiation (C) by highlighting concentration of spend and potential leverage with suppliers. Marketing strategy, production scheduling, and stock disposal are outside procurement's primary scope. Responsible sourcing relies on robust spend analysis to identify efficiency opportunities, reduce wasteful expenditure, and support supplier relationship management strategies, all while aligning with sustainability and compliance goals.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - spend analysis and its role in responsible sourcing.
NEW QUESTION # 248
Why is it specifically important for public sector organisations to use a competitive tendering process?
Answer: A
Explanation:
Public sector organisations are required to demonstratevalue for money, transparency, and fairnessin the use of public funds. Competitive tendering ensures procurement decisions are objective, auditable, and based on pre-defined criteria. While competition and market access are benefits, the primary obligation is to ensure taxpayer money is spent responsibly and ethically. Competitive tendering reduces the risk of corruption, bias, and inefficiency, supporting accountability to stakeholders and the public. Ethical and responsible sourcing in the public sector is therefore closely linked to transparent procurement processes and regulatory compliance.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - public sector procurement principles, transparency and value for money.
NEW QUESTION # 249
A buyer has been working with their business managers on a tender. The buyer is now assessing the tender proposals from the external market. Is it good practice for the procurement buyer to makesourcing recommendations?
Answer: C
Explanation:
Engaging with business managers while making sourcing recommendations ensures that the buyer considers multiple perspectives, reducing potential biases and improving decision-making. This approach aligns with ethical sourcing practices by promoting collaboration and transparency in tender decisions.
NEW QUESTION # 250
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: A
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 # 251
Tulip Rose Industries is using a restricted approach to tendering for a new contract for the facilities management of their seven factories which produce furniture made of organic materials. What is likely to be the reason they are using a restricted approach?
Answer: D
Explanation:
you would use a restricted approach when interest is likely to be high. The buyer needs a method of de-selecting unsuitable bidders and creating a shortlist of acceptable organisations.
For complex requirements you could use both an open or restrictive tender- the difference between the approaches is about how many bids you're likely to get rather than the complexity of it.
NEW QUESTION # 252
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