VALID CIPS L4M4 TEST BOOK | RELIABLE L4M4 EXAM PREPARATION

Valid CIPS L4M4 Test Book | Reliable L4M4 Exam Preparation

Valid CIPS L4M4 Test Book | Reliable L4M4 Exam Preparation

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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 the key processes that can be applied to the analysis of potential external suppliers:
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
  • 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 (Q145-Q150):

NEW QUESTION # 145
A procurement manager of a medium-sized company has suggested to their executive board that implementing an ISO environmental standard would improve procurement practices and reduce environmental and social impacts. However, some colleagues are concerned about the potential complexity and supplier resistance. Should the company go ahead with the recommendation?

  • A. Yes, implementation would guarantee that the company is compliant with all environmental laws
  • B. Yes, as it would align with, and help to achieve, sustainability goals
  • C. No, because ISO standards are only relevant to large organisations
  • D. No, ISO standards are too complex for staff and suppliers to understand and follow

Answer: B

Explanation:
Adopting ISO environmental standards aligns procurement practices with sustainability goals and helps reduce environmental and social impacts. Although implementing ISO standards may require initial adjustments, they foster long-term benefits by promoting responsible and ethical sourcing practices across the supply chain.


NEW QUESTION # 146
The International Chamber of Commerce (ICC) publish a list of commercial rules known as Inco-terms. What is the purpose of these rules?

  • A. to ensure buyers and suppliers pay the correct level of tax on imported and exported goods
  • B. to describe the point at which an item is considered delivered
  • C. to state which products can be exported from which countries
  • D. to provide internationally recognized product descriptions

Answer: B

Explanation:
Incoterms describe the point at which an item is considered 'delivered' and explains who has the risk of what during the transport of the goods.


NEW QUESTION # 147
Intra-company trading allows business units within a large enterprise to supply goods or services to another.
What are the likely objectives of intra-company trading?
* Enhances production capacity utilisation
* Offsets some of the fixed costs of the supplying entity
* Compensates the supplying unit for the less effective technology applied
* Ensures internal technology always out-performs that of external suppliers

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

Answer: A

Explanation:
Intra-company trading aims to optimize internal resources by enhancing production capacity utilization and offsetting fixed costs. By supplying goods or services internally, organizations can achieve economies of scale and better allocate resources. However, compensating for less effective technology or ensuring superior internal technology over external suppliers are not primary objectives of intra-company trading.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 1.1.2: Make or buy decisions and the role of intra-company trading


NEW QUESTION # 148
It is important that buyers take an approach that is reasonable and fair when selecting suppliers to work with.
Which of the following is a voluntary document which can help procurement professionals treat suppliers respectfully?

  • A. ILO is an organization
  • B. EU Procurement Directive 2014
  • C. ISO 9001
  • D. CIPS Code of Conduct

Answer: D

Explanation:
The correct answer is the CIPS Code of Conduct. This is a voluntary document about doing 'good procurement' i.e. treating suppliers with respect.
EU Procurement Directive is legislation, so isn't voluntary
ISO9001 is about quality management
ILO is an organisation rather than a document


NEW QUESTION # 149
Which of the following factors are typically considered when assessing a supplier's financial capacity?

  • A. The supplier's compliance with regulations for minimum wages
  • B. The price quoted in the request for quotation
  • C. The supplier's costing methods and markup percentage
  • D. The supplier's profitability and asset levels

Answer: D

Explanation:
Profitability and asset levels indicate a supplier's financial stability and ability to meet contract demands.
Responsible sourcing practices include assessing financial capacity to reduce risk in the supply chain and ensure long-term supplier viability.


NEW QUESTION # 150
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