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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.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q247-Q252):

NEW QUESTION # 247
FTSE100 and Sensex are examples of what?

A. public sector organisations
B. financial reports
C. commodity indices
D. stock markets

Answer: D

Explanation:
they are stock markets.
What is the FTSE 100 Index? Complete Beginner's Guide (moneycheck.com)
BSE SENSEX - Wikipedia

NEW QUESTION # 248
An organisation is keep to include Social Outcomes in it's assessment for Value for Money for a new tender.
Which of the following should be considered?

A. use of local labour to deliver the contract
B. accreditations such as Fair Trade
C. supplier's ESG policy
D. CO2 emissions of the supplier's delivery vehicles

Answer: A

Explanation:
Social value is about benefitting the local community / society. Therefore of those options listed, use of local labour is the most appropriate to consider.

NEW QUESTION # 249
Private sector procurement organisations should always allow suppliers at least 35 days to respond to invitations to tender. Is this statement true?

A. No, because this timeframe will cause delays that are unacceptable to stakeholders
B. Yes, because it helps suppliers to plan and prioritise their work
C. No, because the complexity of the tender should inform the response timescale
D. Yes, because that timeframe is internationally recognised as being appropriate

Answer: C

Explanation:
Response times should be tailored to the complexity of the tender. Responsible sourcing encourages flexibility in setting realistic timelines that allow suppliers adequate time to prepare, supporting efficient and effective sourcing without unnecessary delays.

NEW QUESTION # 250
Tracey Collum is a procurement professional and married to Nick Collum.
Tracey has been leading a tender for a new radar system, where four suppliers have submitted their bids.
After the bids were received, Nick joined one of the suppliers (Supplier X) as the project director for radar systems.
Nick has asked Tracey to award the contract to Supplier X. What should Tracey do?

A. Ask to be removed from the tender due to a conflict of interest and complete a conflict of interest form
B. Remove Supplier X from the tender due to a conflict of interest and continue with the tender
C. Award the contract to Supplier X because Tracey can ask for a better price because they are married
D. Award the contract to Supplier X because Nick will be promoted if Supplier X wins the contract

Answer: A

Explanation:
To maintain integrity and avoid conflicts of interest, Tracey should declare the conflict and remove herself from the tender process. Ethical sourcing practices emphasize transparency and fairness, which prevent potential biases and maintain trust within procurement processes.

NEW QUESTION # 251
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:
Public sector sourcing prioritises maintaining service levels within budget constraints and often mandates competitive tendering to promote transparency and fairness. These principles align with ethical sourcing practices, ensuring responsible expenditure and fair competition among suppliers.

NEW QUESTION # 252
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