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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	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 3	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
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 (Q180-Q185):

NEW QUESTION # 180
Which of the following are signs that modern-day slavery might be taking place within the supply chain?
Select THREE.

A. supplier based in a country with a low score on the Corruption Perception Index
B. workers that live on-site
C. suspiciously low labour costs
D. suppliers who speak English as a second language
E. poor quality products

Answer: B,C,E

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 # 181
The International Chamber of Commerce (ICC) publish a list of commercial rules known as Inco-terms. What is the purpose of these rules?

A. to describe the point at which an item is considered delivered
B. to provide internationally recognized product descriptions
C. to ensure buyers and suppliers pay the correct level of tax on imported and exported goods
D. to state which products can be exported from which countries

Answer: A

Explanation:
Incoterms describe the point at which an item is considered 'delivered' and explains who has the risk of what during the transport of the goods.

NEW QUESTION # 182
Polygon Incorporated is a new company in the mining industry, which often gets bad press due to issues of sustainability. Which of the following should Polygon Incorporated consider when developing sustainable business practices?

A. people, profit, planet
B. economic, ethical and environmental
C. efficiency, effectiveness, impact
D. fraud, bribery and corruption

Answer: A

Explanation:
The three pillars of sustainability are profit, people and planet. This may also be referred to as social, economic and environmental.

NEW QUESTION # 183
Jack Green is planning to use competitive tendering to source a new component for a new product that the customer research department has been developing for the domestic market. Jack is intending to use an open tender process. Which of the following aspects must Jack consider if an open tender procedure is to be used?

A. The tender will only be advertised in marketing journals
B. The price will be the only criterion for supplier selection
C. There must be an adequate number of suppliers in the market
D. The bidders must be pre-qualified prior to invitation to tender

Answer: C

Explanation:
In an open tender process, any supplier can submit a bid, and there is no pre-qualification stage. This approach is suitable when the requirements are well-defined, and there is a sufficient number of suppliers in the market to ensure competition. However, if too many suppliers respond, it can lead to an overwhelming number of bids to evaluate. Therefore, it's essential to consider the number of potential suppliers in the market before opting for an open tender.
Exact Extract from Study Guide:
"Open procedure - used for well-specified requirements and there is no pre-qualification of bidders. Many suppliers could submit a bid, which could result in lots of bids to assess, so the open procedure is normally only used where the number of potential bidders is expected to be relatively low."

NEW QUESTION # 184
What information would you expect to find on a supplier's response to a 'Request for Information'? Select TWO

A. their ethical and sustainability policies
B. their capability and capacity to fulfil a contract
C. their marketing strategy
D. detailed information regarding their costing structure

Answer: B,D

Explanation:
A RFI typically finds the following information from potential suppliers; ethical and sustainability policies and their capacity / capability to fulfil a contract. It could also include financial position, mission and vision.

NEW QUESTION # 185
......

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L4M4 valid exam format & L4M4 free practice pdf & L4M4 latest study material

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CIPS Ethical and Responsible Sourcing Sample Questions (Q180-Q185):

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