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Positive L4M4 Feedback & L4M4 Examcollection Questions Answers

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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

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 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 (Q272-Q277):

NEW QUESTION # 272
It is important that buyers take an approach that is reasonable and fair when selecting suppliers to work with.
Which of the following is a voluntary document which can help procurement professionals treat suppliers respectfully?

A. CIPS Code of Conduct
B. ILO is an organization
C. EU Procurement Directive 2014
D. ISO 9001

Answer: A

Explanation:
The correct answer is the CIPS Code of Conduct. This is a voluntary document about doing 'good procurement' i.e. treating suppliers with respect.
EU Procurement Directive is legislation, so isn't voluntary
ISO9001 is about quality management
ILO is an organisation rather than a document

NEW QUESTION # 273
When assessing social responsibility elements of a supplier's proposal, what type of supporting evidence could a supplier provide?

A. Quality control reports documenting quality checks in the manufacturing process
B. Financial statements detailing profit and loss accounts
C. Results of a customer service survey on delivery performance
D. Evidence of compliance with fair trade standards

Answer: D

Explanation:
Compliance with fair trade standards demonstrates the supplier's commitment to social responsibility, including fair wages and ethical working conditions. This aligns with responsible sourcing practices, ensuring that suppliers maintain ethical labor standards, as advocated in the principles of ethical sourcing.

NEW QUESTION # 274
A buyer might opt to do an 'Invitation to Tender' rather than a 'Request for Quotation' process because ...

A. The contract will be low value and there are many suppliers, so a simpler approach is required
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. Time is of the essence, and decisions need to be made quickly without additional stakeholder involvement

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 # 275
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 # 276
Which of the following are secondary research sources that can be used when investigating markets and suppliers? Select THREE that apply.

A. Supplier interviews
B. Direct conversations
C. Professional magazines
D. Economic indices
E. Focus groups
F. Supplier websites

Answer: C,D,F

Explanation:
Professional magazines, economic indices, and supplier websites provide secondary data that can be useful in understanding market trends and supplier performance. Responsible sourcing often relies on a mix of primary and secondary data sources to make informed decisions about supplier selection.

NEW QUESTION # 277
......

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