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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
- This section examines analyzing market data, obtaining quotations
- tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential 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
- 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.
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CIPS Ethical and Responsible Sourcing Sample Questions (Q174-Q179):
NEW QUESTION # 174
Procurement professionals should never appoint any suppliers that have a low credit rating. Is this statement TRUE?
- A. Yes, because this rating means that insolvency or liquidation is imminent
- B. No, because a credit rating is only one financial tool to be used in determining financial competence
- C. Yes, because this rating indicates poor financial management practices
- D. No, because a credit rating is not an appropriate decision-making tool
Answer: B
Explanation:
A credit rating is one of many tools used to assess a supplier's financial health. Responsible sourcing requires a comprehensive assessment of suppliers, considering multiple factors, to ensure a balanced and ethical approach to supplier selection.
NEW QUESTION # 175
Roberto is running a tender in which his main concern is price. However he is keen to hear also about the companies' Corporate Social Responsibility Policies and how this will impact their delivery. Roberto is considering awarding the CSRquestion4 points in a weighted point system. If he does this, what weight should be given to the price?
Answer: B
Explanation:
96 is the correct answer- weighted point systems should add up to 100 (as in 100%)
NEW QUESTION # 176
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. Which of the following factors is likely to justify the decision to make the requirements internally?
- A. The availability of in-house competencies and capacity to carry out the production
- B. External sourcing involves cumbersome tendering procedures
- C. External suppliers are likely to be overcharging
- D. The other suppliers are using older technology
Answer: A
Explanation:
Internal production is often justified when a company has the necessary competencies and capacity. This approach aligns with responsible sourcing by leveraging internal capabilities for better control over quality, cost, and compliance with ethical and environmental standards.
NEW QUESTION # 177
Which of the following can be interpreted as a normal business practice by some cultures but a form of bribery by others?
- A. facilitation payment
- B. verbal contracts
- C. phishing
- D. golden handshake
Answer: A
Explanation:
This is a facilitation payment. It's when a sum of money is given for 'helping to facilitate' a contract. E.g. a procurement manager may accept a facilitation payment from a supplier for selecting him to be a new supplier for a big contract.
In the UK this is definitely considered a bribe. It's also against the CIPS Code of Conflict
NEW QUESTION # 178
A buyer has been tasked with placing an order for steel from another country and using Incoterms for the delivery. The buyer's organisation has an in-house transportation and export clearance department. During negotiations, the buyer achieved a 25% cost reduction by accepting responsibility to arrange loading, transportation, and export clearance. Which Incoterm has been agreed?
- A. EXW - Ex Works
- B. FOB - Free on Board
- C. CIP - Carriage and Insurance Paid
- D. FCA - Free Carrier
Answer: A
Explanation:
Under the EXW (Ex Works) Incoterm, the buyer assumes responsibility for transportation and export clearance from the seller's premises. This term aligns with cost-saving measures and the buyer's internal capabilities for logistics, supporting efficient and responsible sourcing.
NEW QUESTION # 179
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