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| Section | Objectives |
|---|---|
| Understand compliance issues when sourcing from suppliers | - Global sourcing considerations and Incoterms - Sustainability and environmental considerations - Modern slavery and human rights in supply chains - Anti-bribery and anti-corruption measures - Codes of conduct and ethical standards - Ethical sourcing and corporate social responsibility (CSR) - Regulatory and legal compliance |
| Understand the key processes that can be applied to the analysis of potential external suppliers | - Use of Request for Information (RFI), Request for Proposal (RFP) and Request for Quotation (RFQ) - Supplier appraisal and evaluation methods - Financial analysis of suppliers - Risk assessment in supplier selection - Supplier audits and due diligence |
| Understand options for sourcing of requirements from suppliers | - Insourcing vs outsourcing decisions - Sourcing strategies and approaches - Single, dual and multiple sourcing - Factors influencing sourcing decisions |
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NEW QUESTION # 226
As a procurement officer for a large organisation, a supplier approaches you on social media offering to take you out for dinner to discuss a recent open opportunity and mentions a financial reward if you help them win the business. You accept the invite. Was this the right thing to do?
Answer: B
Explanation:
Accepting an invitation under such circumstances would violate ethical standards, as it could create a conflict of interest. Ethical sourcing and procurement practices require impartiality, and any perceived favoritism or bias can harm the organisation's integrity.
NEW QUESTION # 227
Which remedial actions may be undertaken by a purchasing organisation following a supplier audit? (Select TWO)
Answer: A,E
Explanation:
When supplier audits reveal issues, buyers should implement constructive measures. Supplier development programmes (A) help improve performance through training, mentoring, and joint improvement initiatives.
Corrective action plans (E) outline specific steps and timelines to address identified gaps. Options like hiring supplier staff or informal brainstorming do not provide structured improvements, while violating contracts would undermine governance. Responsible sourcing emphasises supplier engagement and continuous improvement, ensuring suppliers meet ethical, quality, and sustainability expectations rather than simply penalising them.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - supplier audits and corrective actions.
NEW QUESTION # 228
What are the risks of outsourcing?
* Loss of control of project
* Loss of assets
* Loss of future business opportunities
* Loss of private information
Answer: B
Explanation:
Loss of control and loss of private information are significant risks in outsourcing. Responsible sourcing involves mitigating these risks by setting clear agreements, monitoring, and safeguarding sensitive information to maintain control over outsourced activities.
NEW QUESTION # 229
Why is it important to consider factors such as environmental, social, governance, and ethics (ESG) when analysing tenders?
* To ensure adherence to sustainability initiatives
* To improve process workflow
* To perform supplier spend and monitoring
* To identify potential risks within the supply chain
Answer: B
Explanation:
Including ESG criteria in tender analysis helps ensure suppliers align with the buyer's sustainability initiatives (1) and helps identify risks within the supply chain (4), such as unethical labour practices or environmental harm. Improving workflow (2) and spend monitoring (3) are operational concerns but not ESG drivers.
Responsible sourcing requires procurement professionals to integrate ESG into decision-making, ensuring not only cost-efficiency but also ethical compliance, resilience, and long-term value. This reflects the growing importance of corporate social responsibility (CSR) and stakeholder expectations.
Reference: CIPS L4M4 Study Guide (v2), LO: "Concepts" - ESG in sourcing decisions.
NEW QUESTION # 230
What course of action should be taken when an audit of a supplier identifies evidence of human rights malpractice?
Answer: B
Explanation:
CIPS promotes a constructive and corrective approach when suppliers fall short of ethical standards, especially on critical issues like human rights. Immediately cutting ties can harm workers further and disrupt supply without addressing root causes. A responsible sourcing approach requires buyers to engage suppliers, escalate the concern, and establish a corrective action plan with monitoring to ensure compliance. Only if the supplier refuses to act or breaches persist should termination occur. This supports continuous improvement, supplier development, and ethical due diligence, reflecting global standards such as the UN Guiding Principles on Business and Human Rights.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - audits, corrective action plans, ethical risk management.
NEW QUESTION # 231
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