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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	Understand the key processes that can be applied to the analysis of potential external suppliers:
Topic 3	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 4	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q36-Q41):

NEW QUESTION # 36
Yolo Inc. have recently run a tender opportunity to find a suitable supplier of yoyos and they have received a number of bids. The supplier will become a strategic partner to the business as yoyos are vital to the success to Yolo Inc. The tender asked for both price submissions and had a number of quality questions. Eamon is the Procurement Manager of Yolo Inc and is responsible for selectingthe most appropriate supplier. How should Eamon appraise the bids?

A. evaluate the bids himself as this is a complex requirement
B. organise a cross-functional team to assess the bids as people from other departments may have important information and experience of yoyos
C. organise a cross-functional team of procurement personnel as they will have experience in assessing price and quality of bids
D. evaluate the bids himself as this is a strategic purchase

Answer: B

Explanation:
Eamon should use a cross-functional team (this rules out two of the options). The purpose of using a cross-functional team is to use the knowledge of people from other departments as they may better understand the service required and help assess any technical questions. Therefore a cross-functional team of procurement personnel, isn't cross-functional (they're all the same function). Yoyos is a bit of a silly example, the exam questions are a little more serious- but the learning outcome is the same; use a cross-functional team to evaluate bids.

NEW QUESTION # 37
Commodities are items which can be traded on the stock exchange. These are generally divided into four categories. What are these four categories?

A. energy, agriculture, metals, livestock
B. fruit, vegetables, meat and dairy
C. chemicals, agriculture, metals and livestock
D. metals, energy, elements and agriculture

Answer: A

Explanation:
energy, agriculture, metals, livestock are the four trading categories on the stock exchange. Some-times there's a 5th category added which is 'environmental credits'. This is a fairly new thing and you don't need to know anything about this for this exam.
Question no commodities will mainly centre around characteristics of commodities and factors that affect pricing.
Commodities are discussed much more in detail in L5M4. At level 4 you just need a basic overview.

NEW QUESTION # 38
A procurement manager of a medium-sized company has suggested to their executive board that implementing an ISO environmental standard would improve procurement practices and reduce environmental and social impacts. However, some colleagues are concerned about the potential complexity and supplier resistance. Should the company go ahead with the recommendation?

A. Yes, implementation would guarantee that the company is compliant with all environmental laws
B. No, because ISO standards are only relevant to large organisations
C. Yes, as it would align with, and help to achieve, sustainability goals
D. No, ISO standards are too complex for staff and suppliers to understand and follow

Answer: C

Explanation:
Adopting ISO environmental standards aligns procurement practices with sustainability goals and helps reduce environmental and social impacts. Although implementing ISO standards may require initial adjustments, they foster long-term benefits by promoting responsible and ethical sourcing practices across the supply chain.

NEW QUESTION # 39
When conducting an ABC analysis- what category of items and type of suppliers would you typically find in the A category?

A. high value items, transactional suppliers
B. low value items, strategic suppliers
C. high value items, strategic suppliers
D. low value items, transactional suppliers

Answer: C

Explanation:
A Category spend is high value and strategic suppliers. C category is low value, high volume of spend aka tail spend. The bits in the middle are B category.
For example when you have a baby you have to buy lots of stuff for it. Your A spend is the big, important and expensive purchases like the pram, cot, carseat. You spend a lot of time in this category because they're important purchases you want to get right. The Tail Spend / C are all the little bits like nappies, baby shampoo, sippy cups. The B category are the bits in between - the purchases are kinda important but aren't as strategic or important as A category. Toys may fall into this category.

NEW QUESTION # 40
When selecting a supplier on technical merit, its important that the supplier is a good 'functional fit' for the organisation. What is meant by 'functional fit'?

A. the supplier is able to work at the same technical level as the buyer
B. the supplier shares a common supply chain
C. the supplier is able to adhere to the same ethical standards
D. the supplier makes a similar profit to that of the buyer

Answer: A

Explanation:
The correct answer is 'the supplier is able to work at the same technical level as the buyer'. It's aboutbeing able to integrate the businesses together in terms of IT systems and such like.

NEW QUESTION # 41
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