Exam L4M4 Introduction | Dumps L4M4 Download

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CIPS L4M4 Exam Overview:

Certification Vendor:	CIPS
Exam Name:	Ethical and Responsible Sourcing
Exam Number:	L4M4
Real Exam Qty:	60
Available Languages:	English
Exam Duration:	90 minutes
Exam Price:	$185.69
Certificate Validity Period:	N/A
Exam Format:	Multiple Choice Questions (MCQ), Multiple Selection Questions
Passing Score:	70%
Related Certifications:	CIPS Level 4 Diploma in Procurement and Supply
Sample Questions:	CIPS L4M4 Sample Questions
Exam Way:	Computer-based exam at CIPS accredited exam centre
Pre Condition:	No mandatory pre-requisites, but candidates are typically working towards or enrolled in the CIPS Level 4 Diploma in Procurement and Supply.
Official Syllabus URL:	https://www.cips.org/students/level-4-diploma

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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	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 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	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.

CIPS Ethical and Responsible Sourcing Sample Questions (Q221-Q226):

NEW QUESTION # 221
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 be unable to cover long-term liabilities from revenues
B. The supplier will be unable to pay its short-term liabilities using current assets
C. The supplier will have cash reserves to cover unexpected expenses
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 # 222
Why is it specifically important for public sector organisations to use a competitive tendering process?

A. Increase competition in markets
B. To allow all organisations to tender
C. To drive down costs of production
D. Value for money and transparency

Answer: D

Explanation:
Public sector organisations are required to demonstratevalue for money, transparency, and fairnessin the use of public funds. Competitive tendering ensures procurement decisions are objective, auditable, and based on pre-defined criteria. While competition and market access are benefits, the primary obligation is to ensure taxpayer money is spent responsibly and ethically. Competitive tendering reduces the risk of corruption, bias, and inefficiency, supporting accountability to stakeholders and the public. Ethical and responsible sourcing in the public sector is therefore closely linked to transparent procurement processes and regulatory compliance.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - public sector procurement principles, transparency and value for money.

NEW QUESTION # 223
A buyer might opt to do an 'Invitation to Tender' (ITT) rather than a 'Request for Quotation' (RFQ) process because ...

A. Time is of the essence and decisions need to be made quickly without additional stakeholder involvement
B. The contract will be low value and there are many suppliers, therefore a simpler approach is required
C. The nature of the goods or services being purchased are complex and high value
D. The supplier market is an oligopoly where a few large suppliers dominate the market

Answer: C

Explanation:
An Invitation to Tender (ITT) is used when requirements are complex, high-value, or strategic, requiring detailed supplier submissions, robust evaluation, and structured governance. RFQs are better for low-value, straightforward purchases where price is the main factor. ITTs ensure fairness, transparency, and comprehensive evaluation when the stakes are high. It is not chosen simply because of oligopolies or time pressure. Responsible sourcing requires matching the sourcing process to the complexity and risk of the procurement, ensuring appropriate competition and governance.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - sourcing procedures and their application.

NEW QUESTION # 224
Amnesty International, Oxfam and CIPS are examples of what type of organisation?

A. public limited companies
B. partnerships
C. not-for-profit
D. limited liability

Answer: C

Explanation:
These are 'not-for-profit' organisations. You don't need to know much on not-for-profit procurement for this exam. Just that procurement can be regulated in this sector by bodies such as Charities Commission.

NEW QUESTION # 225
When looking at credit scores, a supplier may be classified as a high risk for reasons that are not linked to poor credit. Which of the following could these be? Select TWO

A. The organisation does not employ many people
B. The organisation has no loans or credit cards
C. The organisation has lots of fixed assets
D. The organisation is new

Answer: B,C

Explanation:
New organisations or those with no loans/ credit cards may have low credit scores. This is simply because they do not have enough financial history to make their scores good. That means banks au-tomatically class them as higher risk, because they simply don't know that they're trustworthy yet.

NEW QUESTION # 226
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