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[General] L4M4 Study Plan, L4M4 Valid Test Experience

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【General】 L4M4 Study Plan, L4M4 Valid Test Experience

Posted at yesterday 16:52      View：17 | Replies：0        Print      Only Author   [Copy Link] 1#
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CIPS L4M4 Exam Syllabus Topics:
TopicDetails
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.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q258-Q263):NEW QUESTION # 258
Which of the following payment mechanisms is most beneficial to the buyer?
  • A. term / time draft
  • B. open/ credit account
  • C. sight draft
  • D. cash in advance
Answer: B
Explanation:
Open account (aka credit account) is most beneficial to the buyer. The supplier delivers the goods then the buyer pays.
Cash in advance is most beneficial to the supplier. The buyer pays for the item before receiving it.
This is a known exam topic.

NEW QUESTION # 259
Which of the following is considered as part of ESG?
  • A. economic and social governance
  • B. bribery, corruption and the environment
  • C. market conditions and product lifecycle
  • D. liquidity, gearing and profitability
Answer: C
Explanation:
The correct answer is bribery, corruption and the environment.
ESG stands for environmental and social governance. It's the new buzzword for CIPS and is basically everything to do with ethical procurement- so areas such as bribery and corruption are included as well as the environment.
Option 4 is incorrect as economic doesn't come into it.

NEW QUESTION # 260
Avram is a buyer for a private sector electrical components company and is promoting the advantages of competitive bidding.
When is competitive bidding appropriate?
Select TWO that apply.
  • A. When changes to the specification are likely as the contract progresses
  • B. When there are adequate numbers of potential suppliers in the market
  • C. When price is not the most important award criterion
  • D. When there is sufficient time to conduct the procedure
  • E. When it is impossible to estimate production costs accurately
Answer: B,D
Explanation:
Competitive bidding is most appropriate when there is asufficient number of capable suppliersto create genuine competition and whenadequate timeis available to conduct the process fairly and transparently.
These conditions allow suppliers to prepare robust bids and enable buyers to evaluate proposals properly.
Competitive bidding is less suitable where specifications are unstable or urgent decisions are required. Ethical and responsible sourcing emphasises proportionality and fairness, ensuring competition is used where it adds value and does not compromise delivery, governance, or stakeholder needs.
Reference:CIPS L4M4 Ethical & Responsible Sourcing Study Guide (v2) - competitive tendering; appropriateness of sourcing routes.

NEW QUESTION # 261
Which of the following is not a Human Rights as protected by the UN Declaration on Human Rights?
  • A. the right to free speech
  • B. freedom of Belief and to change beliefs
  • C. the right to change nationality
  • D. the right to be treated equally
Answer: C
Explanation:
the right to change nationality is not included in the UN Declaration of Human Rights. There are 30 in total but you're not expected to know them all. You should know the big ones though which are; life, security, belief, equal treatment, free speech and expression. A summary can be found here: Universal Declaration of Human Rights | United Nations

NEW QUESTION # 262
What course of action should be taken when an audit of a supplier identifies evidence of human rights malpractice?
  • A. Immediately raise the issue with the supplier and jointly develop a timely action plan to be implemented before a repeat audit
  • B. Remove all business and inform press organisations, who will in turn bring the issue to the attention of formal governmental organisations who can take action
  • C. Allow the supplier to complete current orders placed, while pursuing an alternative source to change to as soon as approved
  • D. Immediately halt all orders with the supplier, make a record of the violation in the supplier database, and switch to an alternative source of supply
Answer: A
Explanation:
Addressing human rights issues collaboratively by developing an action plan allows for improvement and correction. This approach is consistent with ethical sourcing principles, which encourage responsible intervention to correct and improve supply chain practices rather than punitive measures that may not lead to long-term change.

NEW QUESTION # 263
......
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