NEW L4M4 TEST DURATION & EXAM L4M4 OBJECTIVES

New L4M4 Test Duration & Exam L4M4 Objectives

New L4M4 Test Duration & Exam L4M4 Objectives

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Tags: New L4M4 Test Duration, Exam L4M4 Objectives, Trustworthy L4M4 Dumps, Valid Dumps L4M4 Sheet, L4M4 New Exam Materials

The CIPS L4M4 exam material is getting updated on a daily basis according to the real CIPS L4M4 exam questions so that the students don't face any issues while preparing themselves for the Ethical and Responsible Sourcing (L4M4) certification exam and pass it with ease. We guarantee our customers that they will pass L4M4 exam on the first try with our given L4M4 exam material.

CIPS L4M4 Exam Syllabus Topics:

TopicDetails
Topic 1
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
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
  • 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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Exam L4M4 Objectives - Trustworthy L4M4 Dumps

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CIPS Ethical and Responsible Sourcing Sample Questions (Q20-Q25):

NEW QUESTION # 20
Which of the following factors are typically considered when assessing a supplier's financial capacity?

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

Answer: A

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 # 21
Which of the following financial documents would show whether a supplier has sufficient funds to pay their subcontractors in the short term?

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

Answer: A

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 # 22
A buyer might opt to do an 'Invitation to Tender' rather than a 'Request for Quotation' process because ...

  • A. Time is of the essence, and decisions need to be made quickly without additional stakeholder involvement
  • B. The nature of the goods or services being purchased is complex and high value
  • C. The supplier market is an oligopoly where there are a few large suppliers dominating the market
  • D. The contract will be low value and there are many suppliers, so a simpler approach is required

Answer: B

Explanation:
An Invitation to Tender (ITT) is typically used for complex, high-value procurements where the quality and specific features of the goods or services are of paramount importance. This approach ensures that ethical and responsible sourcing criteria are met, aligning with best practices in procuring specialised goods or services.


NEW QUESTION # 23
A business may be faced with the challenge of deciding whether to source some of its requirements from external suppliers or whether to make them internally. Which of the following factors is likely to justify the decision to make the requirements internally?

  • A. External suppliers are likely to be overcharging
  • B. The availability of in-house competencies and capacity to carry out the production
  • C. External sourcing involves cumbersome tendering procedures
  • D. The other suppliers are using older technology

Answer: B

Explanation:
Internal production is often justified when a company has the necessary competencies and capacity. This approach aligns with responsible sourcing by leveraging internal capabilities for better control over quality, cost, and compliance with ethical and environmental standards.


NEW QUESTION # 24
Ali is the Category Manager at an airplane manufacturing factory. He works with many different suppliers who provide different components for the planes. The company is investing heavily in Environmental and Social Governance and Ali has been asked by the CEO what the best practice is to ensure ethical behaviour from suppliers. Ali has suggested completing Audits. Is this the right thing to do?

  • A. No- audits will only reveal financial issues not ethical ones
  • B. No- Ali should simply ask the supplier's about their ethical practices
  • C. Yes- audits always uncover ethical violations such as modern day slavery
  • D. yes - these can be completed without warning which would give Ali an accurate picture of the supplier's operations

Answer: D

Explanation:
The correct answer is 'yes - these can be completed without warning which would give Ali an accurate picture of the supplier's operations'. The other options are incorrect:
1) you can do many types of audit- financial, ethical, Health and Safety etc
2) asking a supplier about their ethical practices isn't likely going to get you accurate information. They'll just tell you what they think you want to hear
3) audits are great- but they don't ALWAYS uncover issues. Always is the key word in that sentence which makes it incorrect.


NEW QUESTION # 25
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