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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

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

Topic 4

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

CIPS Ethical and Responsible Sourcing Sample Questions (Q159-Q164):

NEW QUESTION # 159
Sourcing aims to achieve the best value for money by taking into account several factors. Freddy is sourcing a new component for his company which manufactures tractors. Should Freddy take into consideration ethics and sustainability?

A. no- 'value for money' only concerns price and if the product is fit for purpose
B. yes- ethics and sustainability form part of 'value for money'
C. no- 'value for money' is concerned with achieving the lowest price
D. yes- ethics and sustainability show that the products are fit for purpose

Answer: B

Explanation:
"yes- ethics and sustainability form part of 'value for money' " is the correct answer.
There are several factors that represent value for money and these are listed on p.3. These include; price, delivery, quality, ethics, sustainability and availability.

NEW QUESTION # 160
Commodities can be traded on a stock exchange and are generally divided into one of four categories. Which of the following is not one of these four categories?

A. metals
B. plastics
C. energy
D. livestock

Answer: B

Explanation:
Plastic is not a commodity. A commodity is something that is naturally occurring and plastic is manufactured.
The other category of commodity is agriculture.

NEW QUESTION # 161
A buyer is carrying out an assessment to identify the risk of unethical suppliers being selected for a new contract. Which of the following should the assessment include in order to protect the organisation against ethical reputational risks?

A. The likelihood of suppliers becoming insolvent in the future due to unforeseen circumstances
B. Performance records (late deliveries/poor quality) of agreed contract deliverables
C. The average staff retention levels experienced by the suppliers
D. Whether the suppliers have received negative press around their fair treatment of subcontracted staff

Answer: D

Explanation:
Assessing the ethical reputation of suppliers is crucial to mitigate risks associated with unethical practices.
Negative media coverage regarding the fair treatment of subcontracted staff is a significant indicator of potential ethical issues within a supplier's operations. Such information can highlight concerns related to labor rights violations, discrimination, or unsafe working conditions, which can adversely affect the buying organization's reputation if not addressed.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 3.3.1: Application of the CIPS Code of Conduct

NEW QUESTION # 162
Which of the following are primary sources of data? Select TWO.

A. trade fairs and exibits
B. economic indices such as PPI or CPI
C. phone calls with current suppliers
D. market reasearch commissioned by a rival company
E. published price lists

Answer: A,C

Explanation:
Primary data includes trade fairs and exhibits, and phone calls to current suppliers. The others are examples of secondary data.
Remember primary= you do it yourself, Secondary = someone else did it.

NEW QUESTION # 163
In which instance would multiple sourcing be the most applicable approach?

A. Sourcing for the provision of a service, where close relationship management is required
B. Sourcing for high-cost, strategically important components
C. Sourcing for components required at short notice
D. Sourcing a specialised, unique component where the supplier's knowledge is key

Answer: C

Explanation:
Multiple sourcing is particularly advantageous for ensuring quick delivery and preventing stock-outs, as it provides the flexibility to source from multiple suppliers. This approach aligns with responsible sourcing by ensuring continuity and reducing risks in the supply chain.

NEW QUESTION # 164
......

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