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[General] CIPS Exam L4M4 Book Exam Latest Release | Updated L4M4: Ethical and Responsible

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【General】 CIPS Exam L4M4 Book Exam Latest Release | Updated L4M4: Ethical and Responsible

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CIPS L4M4 Exam Syllabus Topics:
TopicDetails
Topic 1
  • Understand the key processes that can be applied to the analysis of potential external suppliers:
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 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 4
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.

L4M4 Exam Questions | L4M4 Valid Dumps FilesCIPS L4M4 exam include all the important concepts leaving behind the stories to tell for some other time. For the complete and quick CIPS L4M4 preparation the CIPS L4M4 Exam Questions are the best study material. With CIPS L4M4 Exam Practice test questions you can ace your CIPS L4M4 exam preparation simply and quickly to pass the final L4M4 exam easily.
CIPS Ethical and Responsible Sourcing Sample Questions (Q159-Q164):NEW QUESTION # 159
Ramesh is an IT category manager within the UK's National Health Service and is responsible for the procurement of a new high-value network system, which will be used across multiple doctors'practices and community health centres. Ramesh has reviewed the different tender approaches and has concluded that the use of a restricted tender is the most appropriate. Which of the following statements is true for a restricted tender process?
  • A. It is only relevant when there are few suppliers in the market
  • B. Suppliers responding to the tender are pre-qualified
  • C. Direct negotiations occur prior to suppliers submitting their offer
  • D. The contract will be awarded strictly on pricing criteria
Answer: B
Explanation:
In a restricted tender process, suppliers are pre-qualified through a selection process before being invited to submit tenders. This approach is suitable when there is a need to ensure that only capable suppliers are considered, often due to the complexity or high value of the procurement. It is not limited to situations with few suppliers, and direct negotiations typically occur after tender submissions, not before. Contracts are awarded based on multiple criteria, not solely on price.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.2: Tendering Procedures

NEW QUESTION # 160
Tracey Collum is a procurement professional and married to Nick Collum.
Tracey has been leading a tender for a new radar system, where four suppliers have submitted their bids.
After the bids were received, Nick joined one of the suppliers (Supplier X) as the project director for radar systems.
Nick has asked Tracey to award the contract to Supplier X. What should Tracey do?
  • A. Award the contract to Supplier X because Nick will be promoted if Supplier X wins the contract
  • B. Ask to be removed from the tender due to a conflict of interest and complete a conflict of interest form
  • C. Remove Supplier X from the tender due to a conflict of interest and continue with the tender
  • D. Award the contract to Supplier X because Tracey can ask for a better price because they are married
Answer: B
Explanation:
To maintain integrity and avoid conflicts of interest, Tracey should declare the conflict and remove herself from the tender process. Ethical sourcing practices emphasize transparency and fairness, which prevent potential biases and maintain trust within procurement processes.

NEW QUESTION # 161
Which of the following are secondary research sources that can be used when investigating markets and suppliers? Select THREE that apply.
  • A. Supplier websites
  • B. Economic indices
  • C. Professional magazines
  • D. Direct conversations
  • E. Focus groups
  • F. Supplier interviews
Answer: A,B,C
Explanation:
Professional magazines, economic indices, and supplier websites provide secondary data that can be useful in understanding market trends and supplier performance. Responsible sourcing often relies on a mix of primary and secondary data sources to make informed decisions about supplier selection.

NEW QUESTION # 162
Weighted points systems can be applied to evaluate and compare potential suppliers. For which of the following factors would it be appropriate to use this method?
* Financial stability
* Supplier reliability
* Market demand
* Negotiation styles
  • A. 3 and 4 only
  • B. 2 and 3 only
  • C. 1 and 4 only
  • D. 1 and 2 only
Answer: D
Explanation:
Financial stability and supplier reliability are quantifiable factors suited to weighted points systems, allowing procurement professionals to objectively assess and compare suppliers. This method aligns with ethical sourcing practices by promoting fairness and transparency in supplier selection.

NEW QUESTION # 163
Which of the following should be considered when calculating ratios relating to a supplier's liquidity?
  • A. inventory
  • B. receivables
  • C. reserves
  • D. profit
Answer: A

NEW QUESTION # 164
......
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L4M4 Exam Questions: https://www.actual4exams.com/L4M4-valid-dump.html
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