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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 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 the key processes that can be applied to the analysis of potential external suppliers:

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CIPS Ethical and Responsible Sourcing Sample Questions (Q126-Q131):

NEW QUESTION # 126
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. No, the buyer's recommendations are not relevant to the final sourcing decision, which must be taken by the business managers
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. Yes, the procurement buyer can advise on the competitive proposal but should engage with the business managers about the decision to award the tender
D. No, it is a lengthy, costly, and unnecessary step for the procurement buyer to engage business managers

Answer: C

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 # 127
Other than price, what should a buyer consider when evaluating supplier quotations?
* Lead times
* Add-on costs
* Wastage rates
* Past performance

A. 1, 2, and 4 only
B. 1, 2, and 3 only
C. 2, 3, and 4 only
D. 1, 3, and 4 only

Answer: A

Explanation:
In addition to price, factors like lead times, add-on costs, and past performance are important to ensure the supplier meets the buyer's requirements sustainably and reliably. These criteria align with ethical sourcing by promoting value and accountability beyond just cost considerations.

NEW QUESTION # 128
Which of the following financial documents would show whether a supplier has sufficient funds to pay their subcontractors in the short term?

A. balance sheet
B. ESG policy
C. profit and loss account
D. cash flow statement

Answer: D

Explanation:
A cash flow statement shows the money coming in and out. This would therefore show whether a supplier has enough money coming in, to be able to pay some of it out to a subcontractor.
P&L and Balance Sheets look more broadly at finances, rather than saying what's physically in the bank at a specific given time.
Do learn the difference between these three financial documents for the exam.
Balance Sheet: Explanation, Components, and Examples (investopedia.com) Profit and Loss Statement Meaning, Importance, Types, and Examples (investopedia.com) Cash Flow Statement: How to Read and Understand It (investopedia.com)

NEW QUESTION # 129
Which models would be appropriate for analysis of the supply market?
* Porter's Five Forces
* Porter's Value Chain
* STEEPLED
* Ishikawa Fishbone

A. 1 and 3 only
B. 2 and 3 only
C. 3 and 4 only
D. 1 and 2 only

Answer: A

Explanation:
Porter's Five Forces and the STEEPLED model are valuable tools for analyzing supply markets. These models help identify external pressures and market dynamics, supporting responsible sourcing by enabling buyers to understand and respond to market influences effectively.

NEW QUESTION # 130
When sourcing an item of strategic importance and high value in the public sector, is it important to advertise this publicly?

A. yes- the public sector should advertise the opportunity as a call for competition
B. no- buyers in the public sector do not source strategic items
C. no- buyers can approach known contractors
D. yes- the public sector should advertise through the Freedom of Information Act

Answer: A

Explanation:
The correct answer is 'yes- the public sector should advertise as a call for competition'. They do this in the Official Journal of the European Union (OJEU). Public Sector has to be transparent about everything and treat all suppliers equally. So they can't just approach the ones they like.
In the study guide it says OIEU and this is a typo. It's OJEU.
What is The OJEU in 2 minutes or less (trackerintelligence.com)

NEW QUESTION # 131
......

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Providing You Perfect Valid L4M4 Test Question with 100% Passing Guarantee

CIPS L4M4 Exam Syllabus Topics:

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CIPS Ethical and Responsible Sourcing Sample Questions (Q126-Q131):

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