FREE PDF QUIZ 2025 CIPS L4M4: ETHICAL AND RESPONSIBLE SOURCING PERFECT VALID BRAINDUMPS SHEET

Free PDF Quiz 2025 CIPS L4M4: Ethical and Responsible Sourcing Perfect Valid Braindumps Sheet

Free PDF Quiz 2025 CIPS L4M4: Ethical and Responsible Sourcing Perfect Valid Braindumps Sheet

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Tags: Valid Braindumps L4M4 Sheet, Accurate L4M4 Test, Related L4M4 Exams, Valid L4M4 Exam Pdf, L4M4 Exam Training

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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 the key processes that can be applied to the analysis of potential external 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
  • 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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In the world of industry, CIPS Level 4 Diploma in Procurement and Supply certification is the key to a successful career. If you have achieved credential such as CIPS then it means a bright future is waiting for you. Avail the opportunity of L4M4 dumps at Actual4Exams that helps you in achieving good scores in the exam. Due to these innovative methodologies students get help online. The L4M4 Exam Questions Answers are very effective and greatly helpful in increasing the skills of students. They can easily cover the exam topics with more practice due to the unique set of L4M4 exam dumps. The L4M4 certification learning is getting popular with the passage of time.

CIPS Ethical and Responsible Sourcing Sample Questions (Q176-Q181):

NEW QUESTION # 176
Greg is doing some research on a potential supplier and is concerned that the supplier's funding is based on long-term debts and loans. Working with this supplier therefore might bring additional risks to Greg's business. What should Greg do about his concerns?

  • A. work out the supplier's EBITDA
  • B. work out the supplier's gearing ratio
  • C. use the Return on Investment Ratio
  • D. do an Acid Test

Answer: B

Explanation:
Greg needs to use a gearing ratio. Gearing is a measure of how the business is being funded and is based on the ratio of debt to equity Gearing comes up a lot in the exam. Also make sure you know what Return on Investment, Acid Test and EBITDA are.
Return on Investment (ROI): How to Calculate It and What It Means (investopedia.com) EBITDA: Definition, Calculation Formulas, History, and Criticisms (investopedia.com) Acid-Test Ratio: Definition, Formula, and Example (investopedia.com)


NEW QUESTION # 177
Achieving the 'five rights of procurement' is one of the key objectives of procurement managers. Which of the following are not considered one of the 5 rights? Select TWO.

  • A. quantity
  • B. quality
  • C. ethics
  • D. environment
  • E. time

Answer: C,D

Explanation:
ethics and environment are not a 'right of procurement'.
The 5 rights are price, quality, quantity, time and place.


NEW QUESTION # 178
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 3
  • B. 1 and 3
  • C. 2 and 4
  • D. 1 and 4

Answer: C

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 # 179
What is the best way to prevent potential issues of conflicts of interest?

  • A. create a risk register
  • B. do not hire family members
  • C. openly declare potential conflicts
  • D. do not work with suppliers who have relationships with the procurement team

Answer: C

Explanation:
The best way to deal with potential Conflicts of Interest is to openly declare these. Just because you have a relationship with someone doesn't mean this is going to be an issue or lead to fraud, but it is a good idea to keep a written record of these.
It wouldn't be a risk register, because how can you rate someone's risk of doing something dodgy? Risk registers are for objective risks such as Health and Safety.


NEW QUESTION # 180
When sourcing an item of strategic importance and high value in the public sector, is it important to advertise this publicly?

  • A. yes- the public sector should advertise the opportunity as a call for competition
  • B. no- buyers can approach known contractors
  • 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: A

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 # 181
......

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