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L4M4 Reliable Exam Practice & L4M4 Interactive Questions

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The PDFBraindumps L4M4 exam practice test questions provide a way to assess your understanding of the material, identify areas for improvement, and build confidence and test-taking skills. The PDFBraindumps L4M4 exam practice test questions are real and verified by Ethical and Responsible Sourcing (L4M4) exam trainers. They work collectively and strive hard to ensure the top standard of Ethical and Responsible Sourcing (L4M4) exam practice questions all the time.

CIPS L4M4 Exam Syllabus Topics:

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.

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

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

Topic 4

This section examines analyzing market data, obtaining quotations
tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q34-Q39):

NEW QUESTION # 34
Ramesh is an IT category manager within the UK's NHS and is responsible for the procurement of a new high-value network system. Ramesh has 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:
Restricted tendering is a two-stage process: first, a pre-qualification stage to ensure only capable, compliant suppliers are invited; second, the issue of the ITT to that shortlist. This method is appropriate when requirements are complex, high-value, or where assurance of supplier competence is essential. It is not based solely on price and does not rely on limited supplier numbers but on filtering through qualification. This balances transparency and efficiency, avoiding wasteful evaluation of unsuitable suppliers while still maintaining competitive tension. CIPS L4M4 highlights that restricted tendering strengthens governance, improves efficiency, and ensures due diligence in supplier selection.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - tendering methods (open, restricted, negotiated).

NEW QUESTION # 35
Which remedial actions may be undertaken by a purchasing organisation following a supplier audit? (Select TWO)

A. Running supplier development programmes
B. Violating the terms of the supplier contract
C. Employing the supplier's staff for job training
D. Daily brainstorming meetings with the supplier
E. Defining corrective actions for the supplier

Answer: A,E

Explanation:
When supplier audits reveal issues, buyers should implement constructive measures. Supplier development programmes (A) help improve performance through training, mentoring, and joint improvement initiatives.
Corrective action plans (E) outline specific steps and timelines to address identified gaps. Options like hiring supplier staff or informal brainstorming do not provide structured improvements, while violating contracts would undermine governance. Responsible sourcing emphasises supplier engagement and continuous improvement, ensuring suppliers meet ethical, quality, and sustainability expectations rather than simply penalising them.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - supplier audits and corrective actions.

NEW QUESTION # 36
A procurement manager of a medium-sized company has suggested to their executive board that implementing an ISO environmental standard would improve procurement practices and reduce environmental and social impacts. However, some colleagues are concerned about the potential complexity and supplier resistance. Should the company go ahead with the recommendation?

A. No, ISO standards are too complex for staff and suppliers to understand and follow
B. No, because ISO standards are only relevant to large organisations
C. Yes, as it would align with, and help to achieve, sustainability goals
D. Yes, implementation would guarantee that the company is compliant with all environmental laws

Answer: C

Explanation:
Adopting ISO environmental standards aligns procurement practices with sustainability goals and helps reduce environmental and social impacts. Although implementing ISO standards may require initial adjustments, they foster long-term benefits by promoting responsible and ethical sourcing practices across the supply chain.

NEW QUESTION # 37
A company has a requirement for an item that has been identified as strategic on the positioning model. The company needs to invite competitive tenders and make sure the selected supplier of this item is in a good financial position. What should the company ask the suppliers to send to show that their current assets cover their current liabilities?

A. Annual turnover
B. Profit and loss account
C. Gearing ratio
D. Acid test

Answer: D

Explanation:
The acid test, also known as the quick ratio, measures a company's ability to cover its current liabilities with its most liquid assets, excluding inventory. It is a stringent indicator of short-term financial health. By requesting this ratio, the company can assess whether a potential supplier has sufficient liquidity to meet its obligations, which is crucial when procuring strategic items.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.3: Financial Appraisal of Suppliers

NEW QUESTION # 38
Philip is a procurement manager at XYZ Company which imports raw materials from abroad. Sup-pliers provide quotes to Philip in their local currency. Is this the best way to reduce the risk to XYZ Company of currency fluctuations?

A. yes- this puts the risk on the supplier
B. yes- this means the price won't go up or down
C. no- quoting in the supplier's currency increases the risk for the buyer
D. no- quoting in the supplier's currency does not affect the risk to the buying organisation

Answer: C

Explanation:
The correct answer is 'no- quoting in the supplier's currency increases the risk for the buyer'. This questions comes up in a variety of formats in the exam. Remember; if the price is in your own currency (most examples in the exam are given in £) there is less risk than if the prices are quoted in a foreign currency. This is because exchange rates fluctuate; if the price is in £ you always know what you're paying, if it's in another currency the price can change daily depending on if the exchange rate compared to £ has gone up or down.

NEW QUESTION # 39
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