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Free PDF Quiz The Best CIPS - L4M4 - Pdf Ethical and Responsible Sourcing Braind

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Free PDF Quiz The Best CIPS - L4M4 - Pdf Ethical and Responsible Sourcing Braind

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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 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 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:

CIPS Ethical and Responsible Sourcing Sample Questions (Q209-Q214):NEW QUESTION # 209
What is a risk of pre-warning a supplier that you will conduct an audit of their facilities?
  • A. they will not achieve KPIs
  • B. they will not be able to make that time and date
  • C. they may coach staff in what to say
  • D. they will not perform regular duties that day
Answer: C
Explanation:
A risk of pre-planning an audit is the supplier has time to prepare for it. It's a good thing in that they can get their paperwork in order but the downside is they can overprepare so you don't get a realis-tic representation of what they're doing. One way they can do this is coaching staff in what to say to the auditors.

NEW QUESTION # 210
The procurement team received an urgent request from the business to source quotations forpest control services. The team decided to use a local newspaper to advertise the requirements. Was this an appropriate approach to use in the circumstance?
  • A. No, because they might receive too many irrelevant proposals which may delay the assessing process
  • B. Yes, they must seek as many bids as possible even if it takes longer
  • C. No, because international vendors must also be notified of the opportunity
  • D. Yes, so that the local pest control sector can decide between them who should bid
Answer: A
Explanation:
Advertising in a local newspaper for urgent services like pest control may not be the most efficient approach.
It can lead to an overwhelming number of responses, many of which may not meet the specific requirements, thereby delaying the evaluation process. For urgent needs, direct sourcing from pre-qualified suppliers or using existing frameworks is often more effective.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.2: Tendering Procedures

NEW QUESTION # 211
When working closely with a supplier, waste can be reduced which can lead to improved business functions and cost savings. Which of the following are wastes that can be removed from the supply chain? Select THREE.
  • A. Over-analyzing
  • B. Barriers
  • C. Inventory
  • D. Motion
  • E. Waiting
Answer: A,C,E
Explanation:
The correct answers are; motion, waiting and inventory.
This is part of Ohno's 8 Wastes. You can remember this with the acronym Tim Woods; transportation, inventory, motion, waiting, over-production, over-processing, defects, skills.
This is only mentioned briefly in this module but comes up in other modules more in depth, so is worth memorising if you can.

NEW QUESTION # 212
A business may be faced with the challenge of deciding whether to source some of its requirements from external suppliers or whether to make them internally. Which of the following factors is likely to justify the decision to make the requirements internally?
  • A. External sourcing involves cumbersome tendering procedures
  • B. The other suppliers are using older technology
  • C. External suppliers are likely to be overcharging
  • D. The availability of in-house competencies and capacity to carry out the production
Answer: D
Explanation:
Internal production is often justified when a company has the necessary competencies and capacity. This approach aligns with responsible sourcing by leveraging internal capabilities for better control over quality, cost, and compliance with ethical and environmental standards.

NEW QUESTION # 213
If a commodity index shows that the price of a commodity is continually rising, what does this indicate about the market?
  • A. there is a threat of substitution
  • B. demand is exceeding supply
  • C. the marketplace is a monopoly
  • D. that there is little demand in the marketplace
Answer: B
Explanation:
The correct answer is 'demand is exceeding supply'- If everyone wants to buy something, the sup-pliers will likely increase the price.
If there was little demand or there were threats of substitutions, this would likely result in a price decrease.

NEW QUESTION # 214
......
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