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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 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 3	Understand the key processes that can be applied to the analysis of potential external 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 (Q144-Q149):

NEW QUESTION # 144
What is a risk of pre-warning a supplier that you will conduct an audit of their facilities?

A. they will not achieve KPIs
B. they will not perform regular duties that day
C. they will not be able to make that time and date
D. they may coach staff in what to say

Answer: D

NEW QUESTION # 145
What is the best way to demonstrate that your organisation does not tolerate bribery and corruption?

A. Requesting suppliers' ethical policies annually
B. Having full anti-bribery training, policies, and procedures in place
C. Not working with suppliers who have a reputation for bribery
D. Asking all suppliers to read your organisation's anti-bribery policy

Answer: B

Explanation:
The most effective way to demonstrate zero tolerance is by embedding a comprehensive anti-bribery framework: clear policies, mandatory staff and supplier training, reporting channels, and monitoring. Simply requesting suppliers' policies or avoiding known offenders is reactive, not proactive. Requiring suppliers to read policies without internal enforcement lacks substance. CIPS highlights that robust governance structures, supported by recognised frameworks such as the UK Bribery Act or FCPA, reinforce organisational credibility, protect reputation, and ensure compliance. This builds trust across supply chains and ensures ethical standards are maintained.
Reference: CIPS L4M4 Study Guide (v2), LO: "Concepts" - ethics, anti-bribery and corruption frameworks.

NEW QUESTION # 146
What are some of the benefits of conducting unscheduled supplier audits? Select TWO that apply.

A. Unscheduled audits help to identify non-compliance issues
B. Unscheduled audits help to achieve an unbiased assessment
C. Unscheduled audits increase the risk of providing misinformation
D. Unscheduled audits significantly reduce costs compared to scheduled visits
E. Unscheduled audits are more time-efficient than scheduled audits

Answer: A,B

Explanation:
Unscheduled audits can provide an unbiased view of supplier practices and help identify compliance issues that might be hidden during scheduled audits. This approach supports responsible sourcing by ensuring accurate assessments of ethical and quality standards.

NEW QUESTION # 147
A buyer of bakery and cereal products has tracked wheat prices. Severe weather has reduced wheat supply globally, but demand remains high. How can this research help the buyer?

A. The buyer will be in a strong bargaining position to reduce prices
B. Bakery produce is likely to be at a lower price as there is less wheat flour available
C. The buyer will find it difficult to negotiate a lower price for wheat-based ingredients
D. The price for wheat-based produce will not be affected as demand is still high

Answer: C

Explanation:
Global shortages combined with steady or high demand create upward price pressure. This reduces the buyer' s bargaining power, making it difficult to negotiate lower prices. Instead, suppliers are justified in raising prices to reflect scarcity. Options A and C are contradictory to economic principles, while B ignores the impact of shortages on pricing. Responsible sourcing requires buyers to anticipate such conditions using market intelligence and mitigate risks through forward contracts, alternative sourcing, or hedging strategies, rather than relying on negotiation leverage during shortages.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implications" - commodity volatility and negotiation power.

NEW QUESTION # 148
A procurement manager for a major retail group is using ratio analysis to assess the financial viability of suppliers who have tendered for a logistics services tender. The recommended supplier has a current ratio of
0.6. What are the potential consequences of awarding the contract to this supplier, given their current ratio is below 1?

A. The supplier will have cash reserves to cover unexpected expenses
B. The supplier will be unable to pay its short-term liabilities using current assets
C. The supplier will be unable to cover long-term liabilities from revenues
D. The results of the current ratio do not mean anything as long as the supplier has proven technical merit

Answer: B

Explanation:
A current ratio below 1 suggests that the supplier may not have sufficient current assets to cover short-term liabilities, which could pose a risk to the buyer. Assessing financial stability aligns with responsible sourcing practices, as it ensures suppliers can fulfill contracts without disruption.

NEW QUESTION # 149
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