L4M4 LATEST EXAM REGISTRATION–LATEST UPDATED RELIABLE EXAM TESTKING PROVIDER FOR L4M4: ETHICAL AND RESPONSIBLE SOURCING

L4M4 Latest Exam Registration–Latest updated Reliable Exam Testking Provider for L4M4: Ethical and Responsible Sourcing

L4M4 Latest Exam Registration–Latest updated Reliable Exam Testking Provider for L4M4: Ethical and Responsible Sourcing

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CIPS L4M4 Exam Syllabus Topics:

TopicDetails
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
  • Understand the key processes that can be applied to the analysis of potential external suppliers:
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 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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CIPS Ethical and Responsible Sourcing Sample Questions (Q162-Q167):

NEW QUESTION # 162
FTSE100 and Sensex are examples of what?

  • A. commodity indices
  • B. financial reports
  • C. stock markets
  • D. public sector organisations

Answer: C

Explanation:
they are stock markets.
What is the FTSE 100 Index? Complete Beginner's Guide (moneycheck.com)
BSE SENSEX - Wikipedia


NEW QUESTION # 163
What is a risk of pre-warning a supplier that you will conduct an audit of their facilities?

  • A. they will not be able to make that time and date
  • B. they may coach staff in what to say
  • C. they will not achieve KPIs
  • D. they will not perform regular duties that day

Answer: B


NEW QUESTION # 164
During which stage of the procurement cycle would you remove suppliers that do not add value, or could pose a risk to the buying organisation?

  • A. asset management
  • B. contract award
  • C. supplier selection
  • D. develop strategy

Answer: C

Explanation:
At supplier selection stage, unsuitable suppliers should be removed (those that do not add value or pose a risk). At develop strategy stage you're not even looking at suppliers yet- you're just deciding what you need.
At contract award and asset management it's too late.
CIPS procurement cycle - Procurement Supply Cycle | CIPS


NEW QUESTION # 165
Roberto is running a tender in which his main concern is price. However he is keen to hear also about the companies' Corporate Social Responsibility Policies and how this will impact their delivery. Roberto is considering awarding the CSRquestion4 points in a weighted point system. If he does this, what weight should be given to the price?

  • A. 0
  • B. 1
  • C. 2
  • D. 3

Answer: A

Explanation:
96 is the correct answer- weighted point systems should add up to 100 (as in 100%)


NEW QUESTION # 166
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- audits will only reveal financial issues not ethical ones
  • B. Yes- audits always uncover ethical violations such as modern day slavery
  • C. No- Ali should simply ask the supplier's about their ethical practices
  • D. yes - these can be completed without warning which would give Ali an accurate picture of the supplier's operations

Answer: D

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 # 167
......

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