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| Section | Objectives |
|---|---|
| Topic 1: Understand the key processes that can be applied to the analysis of potential external suppliers | - Risk assessment in supplier selection - Supplier appraisal and evaluation methods - Use of Request for Information (RFI), Request for Proposal (RFP) and Request for Quotation (RFQ) - Supplier audits and due diligence - Financial analysis of suppliers |
| Topic 2: Understand compliance issues when sourcing from suppliers | - Sustainability and environmental considerations - Global sourcing considerations and Incoterms - Modern slavery and human rights in supply chains - Ethical sourcing and corporate social responsibility (CSR) - Codes of conduct and ethical standards - Regulatory and legal compliance - Anti-bribery and anti-corruption measures |
| Topic 3: Understand options for sourcing of requirements from suppliers | - Factors influencing sourcing decisions - Insourcing vs outsourcing decisions - Sourcing strategies and approaches - Single, dual and multiple sourcing |
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NEW QUESTION # 101
A procurement manager suggests implementing an ISO environmental standard to improve procurement practices. Some colleagues worry about complexity and resistance. Should the company proceed?
Answer: B
Explanation:
ISO environmental standards (e.g., ISO 14001) provide a structured framework for managing environmental responsibilities. They support sustainability goals by embedding continual improvement, legal compliance, and stakeholder trust. They are relevant to organisations of all sizes and sectors, not just large firms. While they do not automatically guarantee compliance, they enhance systematic control, training, and supplier engagement. Resistance and complexity can be overcome with phased implementation and awareness- building. CIPS emphasises that adoption of recognised standards demonstrates responsible sourcing, aligns with CSR strategies, and reassures stakeholders about commitment to sustainability.
Reference: CIPS L4M4 Study Guide (v2), LO: "Concepts" - standards, sustainability frameworks, ISO principles.
NEW QUESTION # 102
Using a weighted scorecard to assess and compare supplier proposals is beneficial for which of the following reasons?
Answer: A
Explanation:
A weighted scorecard provides astructured, objective, and transparentmethod of evaluating supplier bids against pre-agreed criteria such as price, quality, sustainability, and delivery. Weightings reflect the relative importance of each criterion, ensuring decisions are aligned with organisational priorities and value-for- money principles. This approach reduces bias, improves consistency, and creates an auditable record of the decision-making process. It does not focus solely on price, nor does it increase subjectivity when designed correctly. Ethical and responsible sourcing promotes the use of weighted scorecards to support fair competition, transparency, and defensible procurement decisions.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - evaluation methodologies; weighted scoring models.
NEW QUESTION # 103
The procurement team received an urgent request from the business to source quotations forpest control services. The team decided to use a local newspaper to advertise the requirements. Was this an appropriate approach to use in the circumstance?
Answer: A
Explanation:
Advertising in a local newspaper for urgent services like pest control may not be the most efficient approach.
It can lead to an overwhelming number of responses, many of which may not meet the specific requirements, thereby delaying the evaluation process. For urgent needs, direct sourcing from pre-qualified suppliers or using existing frameworks is often more effective.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.2: Tendering Procedures
NEW QUESTION # 104
Which of the following should be assessed in supplier proposals to check compliance with environmental, social, and governance (ESG) standards? Select THREE that apply.
Answer: B,C,D
Explanation:
Employee working conditions, a code of ethics, and a carbon emissions policy are all indicative of a supplier's commitment to ESG standards. Assessing these factors aligns with responsible sourcing practices, which prioritize sustainability and ethical considerations.
NEW QUESTION # 105
What would an EBITDA ratio show you?
Answer: B
Explanation:
EBITDA stands for 'earnings before interest, tax, depreciation and amortization'. This is a profitability ratio and would show how profitable a business is.
EBITDA: Definition, Calculation Formulas, History, and Criticisms (investopedia.com)
NEW QUESTION # 106
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