2025 L4M4 LATEST EXAM TIPS | HIGH-QUALITY L4M4 100% FREE VALID BRAINDUMPS EBOOK

2025 L4M4 Latest Exam Tips | High-quality L4M4 100% Free Valid Braindumps Ebook

2025 L4M4 Latest Exam Tips | High-quality L4M4 100% Free Valid Braindumps Ebook

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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
  • 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 the key processes that can be applied to the analysis of potential external suppliers:
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.

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Authorized test Ethical and Responsible Sourcing dumps Premium Files Test Engine pdf. Updated L4M4 training topics with question explanations. Free practice CIPS study demo with reasonable exam price. Guaranteed L4M4 Questions Answers 365 days free updates. pass L4M4 exam with excellect pass rate. Positive feedback fromPassLeaderVCE's customwrs. L4M4 sample questions answers has regualer updates.

CIPS Ethical and Responsible Sourcing Sample Questions (Q17-Q22):

NEW QUESTION # 17
Which of the following is considered as part of ESG?

  • A. market conditions and product lifecycle
  • B. bribery, corruption and the environment
  • C. economic and social governance
  • D. liquidity, gearing and profitability

Answer: A

Explanation:
The correct answer is bribery, corruption and the environment.
ESG stands for environmental and social governance. It's the new buzzword for CIPS and is basically everything to do with ethical procurement- so areas such as bribery and corruption are included as well as the environment.
Option 4 is incorrect as economic doesn't come into it.


NEW QUESTION # 18
There are a number of models that can be used to appraise suppliers before commencing a full tendering process. Which of the following could be considered when appraising a supplier?
* Capacity
* Control
* Compatibility
* Commodity

  • A. 1 and 2 only
  • B. 1 and 3 only
  • C. 2 and 3 only
  • D. 2 and 4 only

Answer: B

Explanation:
Capacity and compatibility are critical factors in supplier appraisal. Evaluating these factors ensures that the supplier can meet the buyer's requirements in terms of production capacity and aligns with responsible sourcing by ensuring the supplier's values and practices are compatible with the buyer's expectations.


NEW QUESTION # 19
Which of the following areas of legislative and regulatory requirements prevent the deliberate limit-ing of supply and the formation of cartels?

  • A. data protection
  • B. product safety standards
  • C. marketplace competition
  • D. ethical practice

Answer: B

Explanation:
the correct answer is 'marketplace competition'.
Ethical practice is about prohibiting corrupt and unfair practice, rather than issues of supply and demand.
Although being in a cartel is 'unethical behavior' this option doesn't fully answer the question which talks about limiting supply- this is related to marketplace competition.


NEW QUESTION # 20
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. negotiated
  • C. competitive dialogue
  • D. restricted

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 # 21
Economic indices track a market's stability and health. One of these indices is the Consumer Price Index (CPI). Which of the following are aspects of the Consumer Price Index? Select TWO that apply.

  • A. The CPI shows that prices are influenced by tax thresholds rates rather than inflation rates
  • B. The CPI helps in calculating the exchange rates and tariffs used in setting prices for imports
  • C. The CPI tracks the weighted average prices of selected commodities within the country
  • D. The CPI tracks the performance of selected companies in different stock markets
  • E. The CPI tracks variations in prices in a particular geographical location

Answer: C,E

Explanation:
The Consumer Price Index (CPI) measures the average change over time in the prices paid by consumers for a market basket of goods and services. It reflects price variations in specific geographical locations and tracks the weighted average prices of selected commodities, providing insights into inflation and cost of living.
Exact Extract from Study Guide:
"The Consumer Price Index (CPI) tracks variations in prices for a range of consumer goods and services over time, in a particular geographic location."


NEW QUESTION # 22
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