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CIPS L4M4 Exam Syllabus Topics:

Section	Weight	Objectives
Understand ethical and responsible sourcing principles and practices	25%	- Ethical frameworks and concepts 1. Fairness, integrity and accountability 2. CIPS Code of Ethics 3. Conflict of interest and transparency - Sustainable and responsible sourcing 1. Social, environmental and economic impact 2. Supplier development and collaboration 3. Audit, monitoring and improvement
Understand compliance issues when sourcing from suppliers	25%	- Organisational policies and procedures 1. Governance and accountability frameworks 2. Code of ethics and professional conduct - Legislative and regulatory requirements 1. Environmental regulations and sustainability 2. Ethical standards and codes of conduct 3. Labour laws, human rights and anti-corruption
Understand options for sourcing requirements from suppliers	25%	- Tendering and selection processes 1. Open, restricted and negotiated procedures 2. Award criteria and evaluation methods - Sourcing approaches and strategies 1. Domestic vs international sourcing 2. Single, multiple and sole sourcing 3. Insourcing, outsourcing and offshoring
Understand key processes to analyse potential external suppliers	25%	- Market analysis and intelligence 1. Supplier capacity and capability assessment 2. Collecting and interpreting market data - Supplier appraisal and evaluation 1. Technical and operational capability 2. Financial stability and risk assessment 3. Quality and performance standards

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CIPS Ethical and Responsible Sourcing Sample Questions (Q235-Q240):

NEW QUESTION # 235
A buyer is only interested in working with suppliers who have strong Environmental and Social Governance practices. It is therefore using ethical criteria as supplier selection stage to determine which suppliers to work with. Which of the following statements is true?

A. ethical behaviour is impossible to determine as issues such as Modern Slavery often go undetected
B. compliance with Codes of Conduct from professional bodies is mandatory
C. the buyer should ask suppliers to be accredited to ISO9001a supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs

Answer: C

Explanation:
A supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs is the correct answer.
The other options are wrong:
1) Compliance with Codes of Conduct from professional bodies is optional. E.g. CIPS - no organi-sation is forced to comply with CIPS.
2) Unethical behaviour is not impossible to detect, it may be difficult but with correct due diligence and things like audits it's completely possible
3) ISO 14001 is quality management so is irelevent.

NEW QUESTION # 236
Which of the following can be interpreted as a normal business practice by some cultures but a form of bribery by others?

A. facilitation payment
B. golden handshake
C. phishing
D. verbal contracts

Answer: A

Explanation:
This is a facilitation payment. It's when a sum of money is given for 'helping to facilitate' a contract. E.g. a procurement manager may accept a facilitation payment from a supplier for selecting him to be a new supplier for a big contract.
In the UK this is definitely considered a bribe. It's also against the CIPS Code of Conflict

NEW QUESTION # 237
A company's balance sheet will show you which of the following?

A. profit, loss and assets
B. cash coming in and out of the business
C. revenue, profit and expenses
D. equity, assets and liabilities

Answer: D

Explanation:
a balance sheet shows 'equity, assets and liabilities'. The other financial statements you need to know for this exam are cash flow statements and and income statements.
If you're not familiar with these three I strongly recommend you do some further reading on this before the exam if you can. This is helpful: How the 3 Financial Statements are Linked Together - Step by Step (corporatefinanceinstitute.com)

NEW QUESTION # 238
Robert is appraising suppliers and is keen to evaluate suppliers' contribution to the community and the environment. Which of the following should Robert look at?

A. Anti-Slavery Policy
B. ISO9001
C. ESG Policy
D. ISO27000

Answer: C

Explanation:
Robert should look at the supplier's ESG policy. This stands for Environmental Social Governance. So covers both his requirements for community (social) and environmental factors.
ISO 9001 is about Quality Management and ISO27000 about Information Security so these are in-correct answers. An Anti-Slavery Policy would not discuss the environment.

NEW QUESTION # 239
Which of the following is a regulatory body which protects the rights of workers?

A. ISO
B. ILO
C. WWF
D. FairTrade

Answer: B

Explanation:
ILO = the International Labour Organisation.
ISO is the International Standardisation Organisation- they also come up in this exam.
Fair Trade is about paying suppliers properly.
WWF is the World Wildlife Foundation, or if you watched wrestling in the 90s, the original WWE. You do not need to know about wildlife or wrestling for this exam.

NEW QUESTION # 240
......

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