BONUS!!! Download part of TestSimulate L4M4 dumps for free: https://drive.google.com/open?id=1MQtsi3SKGSyNXHtJQV6zKgp4-8ZbEVkn
All these three L4M4 exam questions formats are easy to use and compatible with all devices, operating systems, and web browsers. Just choose the best L4M4 exam questions format and start CIPS L4M4 exam preparation without wasting further time. As far as the price of Ethical and Responsible Sourcing exam practice test questions is concerned, these exam practice test questions are being offered at a discounted price. Get benefits from L4M4 Exam Questions at discounted prices and download them quickly. Best of luck in L4M4 exam and career!!!
| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Ethical and Responsible Sourcing |
| Exam Number: | L4M4 |
| Passing Score: | 70% |
| Available Languages: | Arabic, French, English, Spanish, Chinese |
| Exam Format: | Multiple Choice, Objective Response, Scenario-based |
| Certificate Validity Period: | 3 years |
| Exam Duration: | 90 minutes |
| Exam Price: | USD 230 - 280 |
| Related Certifications: | L4M6 Supplier Relationships L4M2 Defining Business Need L4M1 Scope and Influence of Procurement and Supply L4M8 Procurement and Supply in Practice L4M5 Commercial Negotiation L4M7 Whole Life Asset Management L4M3 Commercial Contracting |
| Real Exam Qty: | 60 |
| 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 |
Almost every Ethical and Responsible Sourcing (L4M4) test candidate nowadays is confused about the Ethical and Responsible Sourcing (L4M4) study material. They don't know where to download updated L4M4 questions that can help them prepare quickly for the Ethical and Responsible Sourcing (L4M4) test. Some rely on outdated Ethical and Responsible Sourcing (L4M4) questions and suffer from the loss of money and time.
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
NEW QUESTION # 99
Why should procurement collate and review the buying organisation's historic supplier spend data prior to tendering?
* To identify opportunities where savings can be achieved
* To ensure suppliers deliver goods and services on time
* To eliminate supplier corruption and favouritism
* To make informed decisions about the suppliers to work with
Answer: D
Explanation:
Reviewing historical supplier spend data enables procurement professionals to identify areas wherecost savings can be achieved by analyzing past expenditures and supplier performance. This analysis also aids in making informed decisions about future supplier engagements by understanding previous spending patterns and supplier reliability.
Exact Extract from Study Guide:
"Spend analysis is a process that analyses the historical spend data of your organisation to provide answers to questions concerning spend visibility, compliance, and cost-saving opportunities."
NEW QUESTION # 100
A procurement manager is undertaking a financial due diligence of potential suppliers.
Which of the following financial elements are used in the calculation ofgearing?
Select TWO that apply.
Answer: D,E
Explanation:
Gearing is a measure of a supplier'slong-term financial riskand indicates the proportion of debt used to finance the organisation compared with equity. It is calculated usinglong-term debt (such as long-term loans)in relation toshareholders' equity (ordinary share capital). High gearing suggests greater reliance on borrowed funds, increasing the risk of financial instability and potential supply disruption. Cost of sales and operating costs relate to profitability, while current liabilities are short-term obligations assessed through liquidity ratios, not gearing. Procurement professionals must understand gearing when conducting financial due diligence to ensure suppliers are financially sustainable and capable of meeting long-term contractual commitments.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - Financial appraisal of suppliers; gearing and solvency analysis.
NEW QUESTION # 101
A procurement manager who works in the public sector has received 8 submissions to a tender op-port unity that was advertised on OJEU. The average price submission for the contract was £1m but one supplier has submitted a price of £200,000, which the procurement manager has identified as being 'an abnormally low tender'. What should be the procurement manager's course of action?
Answer: D
Explanation:
You should investigate automatically low tenders by clarifying the bid with the supplier. It could be they have misunderstood the requirement. Or the bid could be genuine and they can really provide best value for money.
But without enquiring, you just don't know.
NEW QUESTION # 102
Which of the following are signs that modern-day slavery might be taking place within the supply chain?
Select THREE.
Answer: A,B,C
Explanation:
The correct answers are; suspiciously low labour costs, workers living on site and poor quality products (as this signals that the workforce may be unskilled).
A low score on the CPI is a good thing (high scores are more likely to signify slavery concerns) and just because someone speaks English as a second language doesn't mean you automatically need to be suspicious.
That would be prejudice.
NEW QUESTION # 103
Which of the following Incoterms has the lowest risk for the supplier?
Answer: A
Explanation:
Ex-Works has the lowest risk to the supplier- in Exworks the buyer collects the items directly from the supplier - so they have all the issues and risks of transporting it back home.
There are many question on Incoterms CIPS can ask. But as there's such a huge bank of questions it's really hit or miss if you'll get one of those question. Two students sitting the exam at the same time in the same study centre can get different question sets. One person can get 3 Incoterm questions and the other gets 0.
I would learn the major ones- the ones at the ends of the table in particular because these are the ones question are likely to be about. Ex works / Free carrier and Delivered at Place Unloaded/ De-livered Duty Paid in particular.
I like this graph as I'm a visual person. I think it makes it easier to understand than the study guide:
Shipping Incoterms: the Complete Guide - Guided Imports
NEW QUESTION # 104
......
Exam L4M4 Pattern: https://www.testsimulate.com/L4M4-study-materials.html
BTW, DOWNLOAD part of TestSimulate L4M4 dumps from Cloud Storage: https://drive.google.com/open?id=1MQtsi3SKGSyNXHtJQV6zKgp4-8ZbEVkn