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Updated L4M4 Dumps - L4M4 Latest Exam Question
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L4M4 Latest Exam Question & New L4M4 Exam DurationCIPS L4M4 exams play a significant role to verify skills, experience, and knowledge in a specific technology. Enrollment in the Ethical and Responsible Sourcing L4M4 is open to everyone. Upon completion of Ethical and Responsible Sourcing L4M4 Exam Questions' particular criteria. Participants in the L4M4 Dumps come from all over the world and receive the credentials for the Ethical and Responsible Sourcing L4M4 Questions. They can quickly advance their careers in the fiercely competitive market and benefit from certification after earning the L4M4 Questions badge.
CIPS L4M4 Exam Syllabus Topics:| Topic | Details | | 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 | - This section examines analyzing market data, obtaining quotations
- tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
| | 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 | - Understand the key processes that can be applied to the analysis of potential external suppliers:
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CIPS Ethical and Responsible Sourcing Sample Questions (Q101-Q106):NEW QUESTION # 101
A buyer has discovered their supplier has taken the passports of some of their workforce. The supplier has offered the buyer a discount against the contract, but the discount only applies if the buyer does not report this finding. Which ethical concerns should the buyer report to the necessary stakeholders?
* Fraudulent activity
* Bribery
* Modern slavery
* Breach of confidentiality
- A. 2 and 3 only
- B. 1 and 3 only
- C. 1 and 4 only
- D. 2 and 4 only
Answer: A
Explanation:
The withholding of passports is a potential indication of modern slavery, and the offer of a discount to avoid reporting this is a form of bribery. Reporting these ethical concerns aligns with responsiblesourcing practices and is critical for maintaining a supply chain free from human rights abuses.
NEW QUESTION # 102
According to the CIPS code of conduct, which laws should a procurement professional adhere to?
- A. all laws within the country they work in
- B. all laws published by international organisations such as ILO
- C. all laws within countries they have business and contracts in
- D. all international procurement legislation
Answer: C
Explanation:
The CIPS Code of Conduct says to adhere to all laws of countries in which I practice. So if you're in the UK and procure stuff from China, you need to abide by both UK and Chinese laws, not just UK laws.
There's no international procurement laws- these are all different for different countries.
ILO doesn't publish laws.
NEW QUESTION # 103
Which of the following would you expect to find in an Invitation to Tender? Select THREE
- A. deadline
(Correct) - B. pricing schedule
- C. qualifications required
- D. risk assessments
- E. awarding body
Answer: C,E
Explanation:
An ITT would include details on the awarding body (usually a brief overview of the buyer), the deadline (bids must be received by a certain date) and qualifications required (such as ISO requirements or competency certificates of staff members if it's a service contract). You wouldn'tfind pricing schedules in an ITT (this would be provided by the supplier in response to the ITT), nor would you find risk assessments (a supplier might be asked to provide one as part of the quality assessment of the tender though).
Invitation To Tender Simply Explained I Thornton & Lowe (thorntonandlowe.com)
NEW QUESTION # 104
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- Ali should simply ask the supplier's about their ethical practices
- B. No- audits will only reveal financial issues not ethical ones
- C. yes - these can be completed without warning which would give Ali an accurate picture of the supplier's operations
- D. Yes- audits always uncover ethical violations such as modern day slavery
Answer: C
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 # 105
What are the risks of outsourcing?
* Loss of control of project
* Loss of assets
* Loss of future business opportunities
* Loss of private information
- A. 1 and 2 only
- B. 2 and 3 only
- C. 1 and 4 only
- D. 3 and 4 only
Answer: C
Explanation:
Loss of control and loss of private information are significant risks in outsourcing. Responsible sourcing involves mitigating these risks by setting clear agreements, monitoring, and safeguarding sensitive information to maintain control over outsourced activities.
NEW QUESTION # 106
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