PASS GUARANTEED 2025 CIPS L4M4: PROFESSIONAL NEW ETHICAL AND RESPONSIBLE SOURCING EXAM VCE

Pass Guaranteed 2025 CIPS L4M4: Professional New Ethical and Responsible Sourcing Exam Vce

Pass Guaranteed 2025 CIPS L4M4: Professional New Ethical and Responsible Sourcing Exam Vce

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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
  • 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 (Q114-Q119):

NEW QUESTION # 114
Guillerme is a Category Manager within the procurement department of a Manufacturing company. In his Category there are 200 items he procures, and he has recently undertaken an ABC analysis of these. Which of the following items would be C category items?

  • A. tail spent
  • B. high value items
  • C. strategic sourcing
  • D. one-off purchases

Answer: A

Explanation:
The C category is the 'tail spend' - it represents a large number of suppliers of small value items.
I recommend giving this a read ABC Classification & ABC Method | CIPS


NEW QUESTION # 115
When evaluating a supplier's proposal in relation to ESC (Environmental, Social, Governance, and ethical elements), it is common to send questionnaires to suppliers requesting information, which can later be scored.
Which of the following questions would be assessing any of the ESC criteria?
* Could you provide details on your manufacturing and raw material costs as part of an open-book pricing contract?
* How do you promote equal opportunity for your employees, customers, and suppliers?
* What is the annual turnover and profitability of your company?
* Does your company have an anti-bribery policy?

  • A. 2 and 4
  • B. 1 and 3
  • C. 1 and 4
  • D. 2 and 3

Answer: A

Explanation:
Questions about equal opportunity and anti-bribery policies assess the supplier's commitment to social and ethical standards. These aspects are part of the ESC criteria, which align with responsible sourcing practices by ensuring suppliers maintain ethical workforce practices and governance.


NEW QUESTION # 116
When looking at credit scores, a supplier may be classified as a high risk for reasons that are not linked to poor credit. Which of the following could these be? Select TWO

  • A. The organisation is new
  • B. The organisation has no loans or credit cards
  • C. The organisation has lots of fixed assets
  • D. The organisation does not employ many people

Answer: B,C

Explanation:
New organisations or those with no loans/ credit cards may have low credit scores. This is simply because they do not have enough financial history to make their scores good. That means banks au-tomatically class them as higher risk, because they simply don't know that they're trustworthy yet.


NEW QUESTION # 117
Kiran is appraising some potential suppliers and has noticed that one of these suppliers has an extremely high gearing ratio. What would this suggest?

  • A. the supplier has a strong return on investment
  • B. the supplier has a high cost of sales
  • C. the supplier has a lot of long-term debt
  • D. the supplier is extremely profitable

Answer: C

Explanation:
The correct answer is 'the supplier has a lot of long-term debt'. Gearing is a measure of how the business is being funded and looks at the ratio of debt to equity. For example if they have taken out lots of loans and mortgages, this would equate to a lot of debt which means a poor gearing ratio.
Gearing is a hot topic for the exam.


NEW QUESTION # 118
A procurement manager who works in the public sector has received 8 submissions to a tender op-port unity that was advertised on OJEU. The average price submission for the contract was £1m but one supplier has submitted a price of £200,000, which the procurement manager has identified as being 'an abnormally low tender'. What should be the procurement manager's course of action?

  • A. automatically dismiss the low bid
  • B. investigate the low bid
  • C. award the bid a 0 for price
  • D. award the contract to the low bid as this represents better value for money

Answer: B

Explanation:
You should investigate automatically low tenders by clarifying the bid with the supplier. It could be they have misunderstood the requirement. Or the bid could be genuine and they can really provide best value for money.
But without enquiring, you just don't know.


NEW QUESTION # 119
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