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| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Ethical and Responsible Sourcing |
| Exam Number: | L4M4 |
| Real Exam Qty: | 60 |
| Related Certifications: | L4M6 Supplier Relationships L4M7 Whole Life Asset Management L4M5 Commercial Negotiation L4M1 Scope and Influence of Procurement and Supply L4M8 Procurement and Supply in Practice L4M2 Defining Business Need L4M3 Commercial Contracting |
| Exam Format: | Scenario-based, Objective Response, Multiple Choice |
| Passing Score: | 70% |
| Exam Duration: | 90 minutes |
| Exam Price: | USD 230 - 280 |
| Certificate Validity Period: | 3 years |
| Available Languages: | French, Spanish, Arabic, Chinese, English |
| Recommended Training: | CIPS Official Study Guide & Learning Materials CIPS Approved Training Providers |
| Exam Registration: | CIPS Official Registration |
| Sample Questions: | CIPS L4M4 Sample Questions |
| Exam Way: | Computer-based online or on-site at authorized test centers |
| Pre Condition: | No formal prerequisites; suitable for professionals with 1–2 years of procurement experience or relevant education |
| Official Syllabus URL: | https://www.cips.org/qualifications/diploma-in-procurement-supply/ethical-and-responsible-sourcing |
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질문 # 141
Ji Yuan is a procurement manager who is looking for a new supplier to complete reactive maintenance activities throughout his property portfolio. The reactive maintenance will include an array of plumbing tasks as well as fixing electrical items. Suppliers therefore need to be extremely skilled and knowledgeable about a variety of tasks. Ji Yuan has done some initial research and doesn't believe that there are many suppliers who can complete this type of contract. What type of tender should he use?
정답:A
설명:
Open tenders should be used when the buyer expects there to be little interest / fewer bids. The opportunity is advertised widely allowing any supplier that wishes to submit a bid the opportunity.
The other options limit the number of suppliers and Ji Yuan doesn't want to do that, because he risks getting no interest and no supplier.
P.23
질문 # 142
Many organisations prefer a multi-sourcing approach because of the advantages it provides. Which of the following might be an advantage of multi-sourcing?
정답:C
설명:
Multi-sourcing allows organisations to diversify their supply base, providing flexibility, and reducing risk by having multiple suppliers. It is an effective strategy to prevent over-dependence on a single source and allows for competition among suppliers, promoting quality and ethical standards in the supply chain.
질문 # 143
The procurement manager has received the following data from the supplier's accounts to facilitate the calculation of the supplier's current ratio:
Current Assets: Stock $200; Debtors $60; Cash $40; Total $300
Short Term Liabilities: Bank overdraft $150
Which calculation will the procurement manager use to find out the current ratio?
정답:B
설명:
The current ratio is calculated by dividing total current assets by total current liabilities. Here, dividing $300 by $150 gives a current ratio of 2.0, indicating that the supplier has adequate current assets to cover its short- term obligations, an important factor in supplier evaluation.
질문 # 144
Which of the following would you use to determine the outcome of a competitive tender? Select TWO.
정답:B,C
설명:
Price and Quality are the two considerations when marking a competitive tender.
Location, distribution and reputation may be considered for SOME tenders, but these would be sub-categories that fall under 'quality questions.
질문 # 145
A buyer might opt to do an 'Invitation to Tender' rather than a 'Request for Quotation' process because ...
정답:D
설명:
An Invitation to Tender (ITT) is typically used for complex, high-value procurements where the quality and specific features of the goods or services are of paramount importance. This approach ensures that ethical and responsible sourcing criteria are met, aligning with best practices in procuring specialised goods or services.
질문 # 146
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