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CIPS Study L4M4 Material - Correct Reliable L4M4 Test Camp and Verified Reliable Ethical and Responsible Sourcing Exam Tips
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| Topic |
Details |
| 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.
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| 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 |
- 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 the key processes that can be applied to the analysis of potential external suppliers:
|
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CIPS Ethical and Responsible Sourcing Sample Questions (Q133-Q138):
NEW QUESTION # 133
Ramesh is a procurement manager who is looking at his supplier base. He is pursuing a sourcing strategy with the aim of enabling logistical cost reductions. He has made the decision to scale-down his supplier base and purchase from one supplier.
Which type of sourcing arrangement has Ramesh began?
- A. single
- B. dual
- C. sole
- D. multiple
Answer: A
NEW QUESTION # 134
Tariffs and import duties imposed on a buying organisation for goods purchased from an international supplier provide benefit to ...
- A. The supplying organisation as they receive additional payment
- B. Local competitors through lower prices
- C. The domestic industry through reduced competition
- D. Consumers by having access to lower-priced goods
Answer: C
Explanation:
Tariffs/import duties increase the landed cost of imports, which shields domestic producers by making foreign alternatives relatively more expensive. They do not go to the foreign supplier and typically do not lower consumer prices.
Reference: CIPS L4M4 Study Guide (v2): LO "Implications of global sourcing" - trade barriers (tariffs/non- tariffs) and their market effects.
NEW QUESTION # 135
Which of the following incoterms relate specifically to transporting items over water?
- A. delivered duty paid
- B. cost and freight
- C. delivered at place
- D. ex works
Answer: B
Explanation:
cost and freight is specific to transport over water. The others relate to all types of transportation.
Incoterms_2020_chart | Intersped
Some students report a lot of questions on Incoterms in the exam, some say they only had 1. It real-ly is luck of the draw.
NEW QUESTION # 136
Ramesh is an IT category manager within the UK's National Health Service and is responsible for the procurement of a new high-value network system, which will spread across multiple doctors' practices and community health centres. Ramesh has reviewed different tender approaches and concluded that the use of a restricted tender is the most appropriate. Which of the following statements is true for a restricted tender process?
- A. The contract will be awarded strictly on pricing criteria
- B. Suppliers responding to the tender are pre-qualified
- C. It is only relevant when there are few suppliers in the market
- D. Direct negotiations occur prior to suppliers submitting their offer
Answer: B
Explanation:
In a restricted tender process, only pre-qualified suppliers are invited to bid, ensuring that participating suppliers have met necessary qualifications. This approach helps in managing high-value contracts by focusing on capable suppliers. Ethical and responsible sourcing in the public sector demands supplier pre- qualification to ensure compliance, transparency, and quality.
NEW QUESTION # 137
Which of the following is an example of intracompany trading? Select TWO
- A. a manufacturer in the UK buys raw copper from a supplier in Chile
- B. two companies owned by the same entity conduct business
- C. two companies join together to create a new product
- D. cleverness
- E. two departments within the same company collaborate on a project
Answer: B,E
Explanation:
Intracompany trading is when two departments in the same company do trading. AND when two companies owned by the same parent company do trading.
INTRA means 'within' - so it's doing business with yourself.
NEW QUESTION # 138
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