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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 (Q141-Q146):

NEW QUESTION # 141
A supplier operates in a monopolistic market where the threat of entry is low. The product that they offer is key in manufacturing certain types of submarines and there is no known substitute for the product at present.
What type of sourcing relationship is a buyer likely to have with this supplier?

A. dual sourced
B. multiple sourced
C. sole sourced
D. single sourced

Answer: C

NEW QUESTION # 142
Which award criteria can be applied when sourcing requirements from external suppliers?

A. Understanding of supplier operations
B. Plans and manpower numbers
C. Delivery promises of goods
D. Price and total life-cycle costs

Answer: D

Explanation:
Evaluating total life-cycle costs, including initial purchase price and long-term maintenance, aligns with ethical sourcing by promoting cost-effective and sustainable procurement. It ensures value for money and supports environmentally and financially responsible sourcing practices.

NEW QUESTION # 143
A procurement manager for a major retail group is using ratio analysis to assess the financial viability of suppliers who have tendered for a logistics services tender. The recommended supplier has a current ratio of
0.6. What are the potential consequences of awarding the contract to this supplier, given their current ratio is below 1?

A. The supplier will be unable to cover long-term liabilities from revenues
B. The supplier will have cash reserves to cover unexpected expenses
C. The supplier will be unable to pay its short-term liabilities using current assets
D. The results of the current ratio do not mean anything as long as the supplier has proven technical merit

Answer: C

Explanation:
A current ratio below 1 suggests that the supplier may not have sufficient current assets to cover short-term liabilities, which could pose a risk to the buyer. Assessing financial stability aligns with responsible sourcing practices, as it ensures suppliers can fulfill contracts without disruption.

NEW QUESTION # 144
It is important that buyers take an approach that is reasonable and fair when selecting suppliers to work with.
Which of the following is a voluntary document which can help procurement professionals treat suppliers respectfully?

A. ISO 9001
B. ILO is an organization
C. CIPS Code of Conduct
D. EU Procurement Directive 2014

Answer: C

Explanation:
The correct answer is the CIPS Code of Conduct. This is a voluntary document about doing 'good procurement' i.e. treating suppliers with respect.
EU Procurement Directive is legislation, so isn't voluntary
ISO9001 is about quality management
ILO is an organisation rather than a document

NEW QUESTION # 145
The use of Incoterms will eliminate all risks involved in international trade transactions. Is this statement true?

A. Yes, they are popular because all risks are avoided
B. Yes, they eliminate all the risks of buying from an overseas supplier
C. No, they can reduce risks but will not eliminate them
D. No, they will only provide assurance about the quality of goods

Answer: C

Explanation:
Incoterms clarify responsibilities between buyers and sellers, reducing certain risks but not eliminating them entirely. Responsible sourcing requires recognising that Incoterms are only part of risk management in international trade, and other factors, such as supplier reliability and quality, must be considered.

NEW QUESTION # 146
......

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