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CIPS L4M4 Exam Overview:

Certification Vendor:CIPS
Exam Name:Ethical and Responsible Sourcing
Exam Number:L4M4
Related Certifications:L4M3 Commercial Contracting
L4M2 Defining Business Need
L4M6 Supplier Relationships
L4M7 Whole Life Asset Management
L4M8 Procurement and Supply in Practice
L4M5 Commercial Negotiation
L4M1 Scope and Influence of Procurement and Supply
Exam Format:Objective Response, Scenario-based, Multiple Choice
Exam Price:USD 230 - 280
Exam Duration:90 minutes
Passing Score:70%
Available Languages:Chinese, French, Arabic, Spanish, English
Real Exam Qty:60
Certificate Validity Period:3 years
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 1โ€“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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CIPS L4M4 Exam Syllabus Topics:

TopicDetails
Topic 1
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 2
  • Understand the key processes that can be applied to the analysis of potential external 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.

CIPS Ethical and Responsible Sourcing Sample Questions (Q66-Q71):

NEW QUESTION # 66
A procurement manager analyses total company expenditure on goods and services. What can expenditure by product category or supplier achieve? (Select TWO)

Answer: B,E

Explanation:
Expenditure analysis by category/supplier enables buyers to track trends over time (A), supporting benchmarking and financial control. It also identifies opportunities for negotiation (C) by highlighting concentration of spend and potential leverage with suppliers. Marketing strategy, production scheduling, and stock disposal are outside procurement's primary scope. Responsible sourcing relies on robust spend analysis to identify efficiency opportunities, reduce wasteful expenditure, and support supplier relationship management strategies, all while aligning with sustainability and compliance goals.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - spend analysis and its role in responsible sourcing.


NEW QUESTION # 67
Which of the incoterms listed are suitable for transporting goods via train?

Answer: C

Explanation:
EXW- exworks is a suitable incoterm for transporting goods both by rail and boat. It can be used regardless of the mode of transport.
The other three are for transport over water. P. 143 Shipping Incoterms: the Complete Guide - Guided Imports Some students report a lot of questions on Incoterms in the exam, some say they only had 1. Best bet is to learn them if you possibly can.


NEW QUESTION # 68
What are some of the benefits of conducting unscheduled supplier audits? Select TWO that apply.

Answer: A,E

Explanation:
Unscheduled audits can provide an unbiased view of supplier practices and help identify compliance issues that might be hidden during scheduled audits. This approach supports responsible sourcing by ensuring accurate assessments of ethical and quality standards.


NEW QUESTION # 69
A buyer is considering trading with a new supplier who is based in a country they have not traded with before.
The buyer needs to understand the anti-bribery risks in the country. Which of the following sources of information would be useful in this regard? Select TWO that apply.

Answer: C,E

Explanation:
Transparency International provides the Corruption Perceptions Index, which ranks countries based on perceived levels of public sector corruption, offering valuable insights into the anti-bribery risks of a specific country. Additionally, understanding the local anti-corruption legislation helps the buyer assess the legal framework and enforcement mechanisms in place, which is crucial when entering into contracts with suppliers in new jurisdictions.
Exact Extract from Study Guide:
"Transparency International's Corruption Perceptions Index is a key resource for assessing the risk of corruption in different countries. Local anti-corruption legislation provides the legal context within which suppliers operate, and understanding these laws is essential for ensuring compliance and ethical sourcing."


NEW QUESTION # 70
A business may be faced with the challenge of deciding whether to source some of its requirements from external suppliers or whether to make them internally. There are many factors that need to be considered before arriving at such a decision. Which of the following factors is likely to justify the decision to make the requirements internally?

Answer: A

Explanation:
The decision to make a product internally rather than sourcing it externally is influenced by several factors.
One of the primary considerations is the availability of in-house competencies and capacity. If an organisation possesses the necessary skills, technology, and resources to produce the required goods or services efficiently, it may opt for internal production to maintain control over quality, reduce costs, and protect proprietary information.
Exact Extract from Study Guide:
"Make or buy decisions take into account: product/service is core, the organisation's capacity to make, current market (cost saving with economy of scales and/or logistics), amount of competition."


NEW QUESTION # 71
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