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Reliable CIPS L4M4 Test Online - Vce L4M4 Files

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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

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 the key processes that can be applied to the analysis of potential external suppliers:

Topic 4

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.

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Reliable L4M4 Test Online - Pass Guaranteed 2025 First-grade L4M4: Vce Ethical and Responsible Sourcing Files

As practice makes perfect, we offer three different formats of CIPS L4M4 exam study material to practice and prepare for the Ethical and Responsible Sourcing (L4M4) exam. Our CIPS L4M4 practice test simulates the real L4M4exam and helps applicants kill exam anxiety. These L4M4 practice exams provide candidates with an accurate assessment of their readiness for the L4M4 test.

CIPS Ethical and Responsible Sourcing Sample Questions (Q173-Q178):

NEW QUESTION # 173
A buyer for a large manufacturing organisation is assessing a sole supplier tender opportunity. The buyer is finding it challenging to differentiate the proposals on unit purchase price. Are there any added values that the procurement manager can use to leverage the sole supplier proposal?

A. No, the buyer must make the decision based on the existing information
B. Yes, but only if the buyer decides to re-start the tender opportunity
C. Yes, the buyer can negotiate on aspects such as after-sales service
D. No, because a buyer has no leverage over a sole supplier

Answer: C

Explanation:
In cases where price differentiation is minimal, negotiating on added-value services like after-sales support can offer additional benefits. This aligns with responsible sourcing by focusing on long-term value and fostering a cooperative relationship with the supplier.

NEW QUESTION # 174
Ali is the Category Manager at an airplane manufacturing factory. He works with many different suppliers who provide different components for the planes. The company is investing heavily in Environmental and Social Governance and Ali has been asked by the CEO what the best practice is to ensure ethical behaviour from suppliers. Ali has suggested completing Audits. Is this the right thing to do?

A. No- Ali should simply ask the supplier's about their ethical practices
B. No- audits will only reveal financial issues not ethical ones
C. yes - these can be completed without warning which would give Ali an accurate picture of the supplier's operations
D. Yes- audits always uncover ethical violations such as modern day slavery

Answer: C

Explanation:
The correct answer is 'yes - these can be completed without warning which would give Ali an accurate picture of the supplier's operations'. The other options are incorrect:
1) you can do many types of audit- financial, ethical, Health and Safety etc
2) asking a supplier about their ethical practices isn't likely going to get you accurate information. They'll just tell you what they think you want to hear
3) audits are great- but they don't ALWAYS uncover issues. Always is the key word in that sentence which makes it incorrect.

NEW QUESTION # 175
A buyer has been working with their business managers on a tender. The buyer is now assessing the tender proposals from the external market. Is it good practice for the procurement buyer to makesourcing recommendations?

A. Yes, the procurement buyer can advise on the competitive proposal but should engage with the business managers about the decision to award the tender
B. Yes, the procurement buyer should assess and take all decisions to award the tender independently of the business managers to avoid conflict of interest
C. No, it is a lengthy, costly, and unnecessary step for the procurement buyer to engage business managers
D. No, the buyer's recommendations are not relevant to the final sourcing decision, which must be taken by the business managers

Answer: A

Explanation:
Engaging with business managers while making sourcing recommendations ensures that the buyer considers multiple perspectives, reducing potential biases and improving decision-making. This approach aligns with ethical sourcing practices by promoting collaboration and transparency in tender decisions.

NEW QUESTION # 176
A procurement manager has decided to use a local newspaper to source quotes from external suppliers. Why is it important to advertise tenders? Select TWO that apply.

A. To gain value for money
B. To gain tactical sourcing
C. To avoid complex bids
D. To gain green procurement
E. To gain insights from the market

Answer: A,B,C,E

Explanation:
Advertising tenders is crucial for achieving value for money by encouraging competitive bids, which can lead to better pricing and service offerings. It also provides insights into the market by revealing the capabilities and innovations of various suppliers, aiding in informed decision-making.
Exact Extract from Study Guide:
"Inviting suppliers to take part in a competitive tender may reduce the potential for the biased selection of a supplier. Time, money and resource could be saved..."

NEW QUESTION # 177
What type of relationship should a buyer seek when making strategic sourcing for their business?

A. partnership
B. collaborative
C. arms-length
D. transactional

Answer: B

Explanation:
The buyer should seek a 'collaborative' relationship. Transactional and arms-length relationships are more suited to tactical sourcing. Partnerships are reserved for joint-ventures.

NEW QUESTION # 178
......

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