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Study L4M4 Demo | L4M4 Latest Study Notes
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| 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.
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| Topic 2 |
- Understand the key processes that can be applied to the analysis of potential external suppliers:
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| 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.
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| 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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Pass Guaranteed 2025 L4M4: Latest Study Ethical and Responsible Sourcing Demo
There is no shortcut to CIPS L4M4 exam questions success except hard work. You cannot expect your dream of earning the Ethical and Responsible Sourcing CERTIFICATION EXAM come true without using updated study material Ethical and Responsible Sourcing (L4M4) exam questions. Success in the L4M4 exam adds more value to your resume and helps you land the best jobs in the industry.
CIPS Ethical and Responsible Sourcing Sample Questions (Q214-Q219):
NEW QUESTION # 214
When sourcing an item of strategic importance and high value in the public sector, is it important to advertise this publicly?
- A. no- buyers can approach known contractors
- B. yes- the public sector should advertise the opportunity as a call for competition
- C. no- buyers in the public sector do not source strategic items
- D. yes- the public sector should advertise through the Freedom of Information Act
Answer: B
Explanation:
The correct answer is 'yes- the public sector should advertise as a call for competition'. They do this in the Official Journal of the European Union (OJEU). Public Sector has to be transparent about everything and treat all suppliers equally. So they can't just approach the ones they like.
In the study guide it says OIEU and this is a typo. It's OJEU.
What is The OJEU in 2 minutes or less (trackerintelligence.com)
NEW QUESTION # 215
Why is it important, when awarding high-value contracts, for a buyer to conduct a financial assessment of a supplier?
- A. A supplier who is highly profitable will be charging prices higher than the average market rate
- B. If a supplier has a high credit score, this means it pays its own suppliers late, which could result in stock outs
- C. Financial assessments provide a holistic view of a company's capability, including quality and delivery performance
- D. The buyer must ensure continuity of supply because financial problems of a supplier could affect the supply
Answer: D
Explanation:
Financial assessments help ensure a supplier can meet the demands of a high-value contract without disruptions. This aligns with responsible sourcing principles by promoting stable supplier relationships and reducing the risk of supply chain interruptions due to financial instability.
NEW QUESTION # 216
A public sector buyer has run a competitive tender, for which there were eight bidders. All bidders have met the public sector organisation's minimum standards. In addition, they must also meet several other requirements. The buyer will make the contract award decision based on which of the following?
- A. Framework agreement terms
- B. The supplier location
- C. Weighted criteria
- D. The bidder's price
Answer: C
Explanation:
Weighted criteria allow the buyer to evaluate multiple factors, not just price, to make a fair and balanced decision. This approach ensures responsible sourcing by considering quality, sustainability, and other relevant factors alongside cost, which aligns with public procurement ethics and standards.
NEW QUESTION # 217
Curly Cake Incorporated makes lots of different types of confectionary items. Although they are most famous for their cakes, they also have a smaller line of cereal bars and biscuits. Which of the following would be the most appropriate items for Curly Cake Incorporated to outsource? Select TWO
- A. facilities management
- B. cakes
- C. cleaning
- D. cereal bars and biscuits
Answer: A,C
Explanation:
Cleaning and Facilities Management are the most appropriate items to outsource. They would not outsource the making of confectionary products as this is the 'core' business.
See p.4 for "what is outsourcing?"
NEW QUESTION # 218
A procurement manager for a major retail group is using ratio analysis to assess the financial viability of suppliers who have tendered for a logistics services tender. The recommended supplier has a current ratio of
0.6. What are the potential consequences of awarding the contract to this supplier, given their current ratio is below 1?
- A. The results of the current ratio do not mean anything as long as the supplier has proven technical merit
- B. The supplier will be unable to pay its short-term liabilities using current assets
- C. The supplier will be unable to cover long-term liabilities from revenues
- D. The supplier will have cash reserves to cover unexpected expenses
Answer: B
Explanation:
A current ratio below 1 suggests that the supplier may not have sufficient current assets to cover short-term liabilities, which could pose a risk to the buyer. Assessing financial stability aligns with responsible sourcing practices, as it ensures suppliers can fulfill contracts without disruption.
NEW QUESTION # 219
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