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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
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	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 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 (Q212-Q217):

NEW QUESTION # 212
A buyer is only interested in working with suppliers who have strong Environmental and Social Governance practices. It is therefore using ethical criteria as supplier selection stage to determine which suppliers to work with. Which of the following statements is true?

A. ethical behaviour is impossible to determine as issues such as Modern Slavery often go undetected
B. the buyer should ask suppliers to be accredited to ISO9001
a supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs
C. compliance with Codes of Conduct from professional bodies is mandatory

Answer: B

Explanation:
A supplier who follows the CIPS Code of Conduct is more likely to meet the buyer's needs is the correct answer.
The other options are wrong:
1) Compliance with Codes of Conduct from professional bodies is optional. E.g. CIPS - no organi-sation is forced to comply with CIPS.
2) Unethical behaviour is not impossible to detect, it may be difficult but with correct due diligence and things like audits it's completely possible
3) ISO 14001 is quality management so is irelevent.

NEW QUESTION # 213
For complex and high value tenders, which document is the most appropriate to send to those suppliers who have already been appraised and deemed suitable?

A. PQQ
B. ITT
C. RFQ
D. RFT

Answer: B

Explanation:
The correct answer is Invitation to Tender. This is sent out to suitable suppliers inviting them to bidfor the opportunity.
A PQQ - pre-qualification questions naire- is sent to suppliers to see if they are suitable. The question states these suppliers have already been deemed suitable, so they've already passed PQQ A RFQ - request for quotation- would be used when the only variable is price, so is not suitable for complex tenders.
RFT isn't a thing. I made the last one up.

NEW QUESTION # 214
Single sourcing is only used by buyers where the total requirement is too small to justify splitting orders among more suppliers. Is this statement correct?

A. No, because single sourcing may also be used when a requirement demands expensive set-up costs
B. Yes, because single sourcing works well within a volatile supply environment
C. No, because single sourcing should only be used where there is just one supplier in the market
D. Yes, because many suppliers tend to increase stock variety and stock proliferation

Answer: A

Explanation:
Single sourcing can be appropriate when set-up costs are high, making it impractical to involve multiple suppliers. This aligns with responsible sourcing principles, particularly for high-value or specialised items, where relationship management and collaboration with one supplier can enhance quality and efficiency.

NEW QUESTION # 215
Economic indices track a market's stability and health. One of these indices is the Consumer Price Index (CPI). Which of the following are aspects of the Consumer Price Index? Select TWO that apply.

A. The CPI tracks the performance of selected companies in different stock markets
B. The CPI tracks the weighted average prices of selected commodities within the country
C. The CPI tracks variations in prices in a particular geographical location
D. The CPI helps in calculating the exchange rates and tariffs used in setting prices for imports
E. The CPI shows that prices are influenced by tax thresholds rates rather than inflation rates

Answer: B,C

Explanation:
The Consumer Price Index (CPI) measures the average change over time in the prices paid by consumers for a market basket of goods and services. It reflects price variations in specific geographical locations and tracks the weighted average prices of selected commodities, providing insights into inflation and cost of living.
Exact Extract from Study Guide:
"The Consumer Price Index (CPI) tracks variations in prices for a range of consumer goods and services over time, in a particular geographic location."

NEW QUESTION # 216
A company has a low gearing of 20%. This shows that the company relies on equity capital and should therefore have less difficulty coping during tough economic times. Is this statement TRUE?

A. No- a low gearing shows you that a company isn't likely to be profitable
B. Yes- a low gearing ratio means the company's finances are made up of equity rather than debt
C. Yes- a low gearing ratio shows that the business is solvent and can deal with supply chain disruptions easily
D. No- a low gearing suggests that the company is financed by long-term debt rather than equity

Answer: B

Explanation:
the correct answer is 'Yes- a low gearing ratio means the company's finances are made up of equity rather than debt'.
Remember low gearing = good (based on equity), high gearing = bad (based on debt). Anything over 50% is considered high.
The two no answers are therefore incorrect and you can discount these straight away. The other yes answer is one of those answers which COULD be true, but isn't always true, and we'd need more information to know for sure. When you get options like this there will be one that is always right and one which is sometimes right - so always pick the always right one.
Dealing with supply chain disruptions is complex, and depending what the disruption is, how big it is, what the industry is etc determines whether a supplier can handle it or not. Because there's more factors to consider than just gearing, this isn't the right answer.

NEW QUESTION # 217
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Free PDF Quiz CIPS - High-quality L4M4 Reliable Exam Simulator

CIPS L4M4 Exam Syllabus Topics:

Renowned L4M4 Guide Exam: Ethical and Responsible Sourcing Carry You High-efficient Practice Materials

CIPS Ethical and Responsible Sourcing Sample Questions (Q212-Q217):

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