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CIPS certification L4M4 exam questions and answers come out

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CIPS L4M4 Exam Syllabus Topics:

Topic
Details

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

This section examines analyzing market data, obtaining quotations
tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.

Topic 4

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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CIPS Ethical and Responsible Sourcing Sample Questions (Q210-Q215):

NEW QUESTION # 210
When selecting a supplier on technical merit, its important that the supplier is a good 'functional fit' for the organisation. What is meant by 'functional fit'?

A. the supplier is able to work at the same technical level as the buyer
B. the supplier shares a common supply chain
C. the supplier is able to adhere to the same ethical standards
D. the supplier makes a similar profit to that of the buyer

Answer: A

Explanation:
The correct answer is 'the supplier is able to work at the same technical level as the buyer'. It's aboutbeing able to integrate the businesses together in terms of IT systems and such like.

NEW QUESTION # 211
Which of the following factors are typically considered when assessing a supplier's financial capacity?

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

Answer: C

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 # 212
A buyer evaluates a supplier's ethical and social practices during the pre-qualification stage of the supplier onboarding process. Which of the following variables would trigger further follow-up activities?

A. On discovering that no employees can work without agreeing to the buyer organisation's code of conduct
B. If the supplier's employees have a good understanding of their employment rights
C. On discovering that trade (labour) union memberships are not permitted by the supplier in its place of work
D. When staff are unionised and appropriate time is provided for union activities

Answer: C

Explanation:
Prohibiting trade union membership is a violation of workers' rights and international labor standards. Such a practice indicates potential non-compliance with ethical sourcing principles and necessitates further investigation. Ensuring that suppliers respect workers' rights to association is fundamental to ethical procurement.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 3.3.1:Application of the CIPS Code of Conduct

NEW QUESTION # 213
Which of the following are reasons to outsource part of a business to an external supplier? Select TWO.

A. there are more resources in-house
B. overheads can be kept as effective as possible
C. the product or service is core to the organisation
D. the reduction in the need to continually invest in new machinery

Answer: B,D

Explanation:
Reasons to outsource include; 'overheads can be kept as effective as possible' and 'the reduction in the need to continually invest in new machinery'.
When you outsource, you transfer the costs of overheads to the supplier and it is their responsibility to buy new machinery as and when is required. For example if you outsource cleaning, the cleaning company is responsible for replacing the hoovers and floor cleaner The other two options would be reasons to keep something 'in-house'.

NEW QUESTION # 214
If a commodity index shows that the price of a commodity is continually rising, what does this indicate about the market?

A. that there is little demand in the marketplace
B. the marketplace is a monopoly
C. there is a threat of substitution
D. demand is exceeding supply

Answer: D

Explanation:
The correct answer is 'demand is exceeding supply'- If everyone wants to buy something, the sup-pliers will likely increase the price.
If there was little demand or there were threats of substitutions, this would likely result in a price decrease.

NEW QUESTION # 215
......

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