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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	Understand the key processes that can be applied to the analysis of potential external suppliers:
Topic 2	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential 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	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.

CIPS Ethical and Responsible Sourcing Sample Questions (Q12-Q17):

NEW QUESTION # 12
What is a risk of pre-warning a supplier that you will conduct an audit of their facilities?

A. they will not be able to make that time and date
B. they may coach staff in what to say
C. they will not achieve KPIs
D. they will not perform regular duties that day

Answer: B

Explanation:
A risk of pre-planning an audit is the supplier has time to prepare for it. It's a good thing in that they can get their paperwork in order but the downside is they can overprepare so you don't get a realis-tic representation of what they're doing. One way they can do this is coaching staff in what to say to the auditors.

NEW QUESTION # 13
Which of the following financial documents would show whether a supplier has sufficient funds to pay their subcontractors in the short term?

A. ESG policy
B. cash flow statement
C. profit and loss account
D. balance sheet

Answer: B

Explanation:
A cash flow statement shows the money coming in and out. This would therefore show whether a supplier has enough money coming in, to be able to pay some of it out to a subcontractor.
P&L and Balance Sheets look more broadly at finances, rather than saying what's physically in the bank at a specific given time.
Do learn the difference between these three financial documents for the exam.
Balance Sheet: Explanation, Components, and Examples (investopedia.com) Profit and Loss Statement Meaning, Importance, Types, and Examples (investopedia.com) Cash Flow Statement: How to Read and Understand It (investopedia.com)

NEW QUESTION # 14
A buyer has been working with their business managers on a tender. The buyer is now assessing the tender proposals from the external market. Is it good practice for the procurement buyer to makesourcing recommendations?

A. Yes, the procurement buyer should assess and take all decisions to award the tender independently of the business managers to avoid conflict of interest
B. Yes, the procurement buyer can advise on the competitive proposal but should engage with the business managers about the decision to award the tender
C. No, it is a lengthy, costly, and unnecessary step for the procurement buyer to engage business managers
D. No, the buyer's recommendations are not relevant to the final sourcing decision, which must be taken by the business managers

Answer: B

Explanation:
Engaging with business managers while making sourcing recommendations ensures that the buyer considers multiple perspectives, reducing potential biases and improving decision-making. This approach aligns with ethical sourcing practices by promoting collaboration and transparency in tender decisions.

NEW QUESTION # 15
Which of the following would you use to determine the outcome of a competitive tender? Select TWO.

A. distribution
B. quality
C. reputation
D. location
E. price

Answer: B,E

Explanation:
Price and Quality are the two considerations when marking a competitive tender.
Location, distribution and reputation may be considered for SOME tenders, but these would be sub-categories that fall under 'quality questions.

NEW QUESTION # 16
Ji Yuan is a procurement manager who is looking for a new supplier to complete reactive maintenance activities throughout his property portfolio. The reactive maintenance will include an array of plumbing tasks as well as fixing electrical items. Suppliers therefore need to be extremely skilled and knowledgeable about a variety of tasks. Ji Yuan has done some initial research and doesn't believe that there are many suppliers who can complete this type of contract. What type of tender should he use?

A. open
B. competitive dialogue
C. restricted
D. negotiated

Answer: A

Explanation:
Open tenders should be used when the buyer expects there to be little interest / fewer bids. The opportunity is advertised widely allowing any supplier that wishes to submit a bid the opportunity.
The other options limit the number of suppliers and Ji Yuan doesn't want to do that, because he risks getting no interest and no supplier.
P.23

NEW QUESTION # 17
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