ITEXAMDOWNLOAD CIPS L4M4 DUMPS PDF PREPARATION MATERIAL IS AVAILABLE

ITExamDownload CIPS L4M4 Dumps PDF Preparation Material is Available

ITExamDownload CIPS L4M4 Dumps PDF Preparation Material is Available

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P.S. Free 2025 CIPS L4M4 dumps are available on Google Drive shared by ITExamDownload: https://drive.google.com/open?id=14Ize9aygPn1S6iAnicNBn-PIXrPbP60-

With vast experience in this field, ITExamDownload always comes forward to provide its valued customers with authentic, actual, and genuine L4M4 exam dumps at an affordable cost. All the Ethical and Responsible Sourcing (L4M4) questions given in the product are based on actual examination topics. ITExamDownload provides three months of free updates if you purchase the CIPS L4M4 Questions and the content of the examination changes after that.

CIPS L4M4 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understand the key processes that can be applied to the analysis of potential external suppliers:
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 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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CIPS Ethical and Responsible Sourcing Sample Questions (Q104-Q109):

NEW QUESTION # 104
A buyer has been tasked with placing an order for steel from another country and using Incoterms for the delivery. The buyer's organisation has an in-house transportation and export clearance department. During negotiations, the buyer achieved a 25% cost reduction by accepting responsibility to arrange loading, transportation, and export clearance. Which Incoterm has been agreed?

  • A. EXW - Ex Works
  • B. CIP - Carriage and Insurance Paid
  • C. FCA - Free copyright
  • D. FOB - Free on Board

Answer: A

Explanation:
Under the EXW (Ex Works) Incoterm, the buyer assumes responsibility for transportation and export clearance from the seller's premises. This term aligns with cost-saving measures and the buyer's internal capabilities for logistics, supporting efficient and responsible sourcing.


NEW QUESTION # 105
Tracey Collum is a procurement professional and married to Nick Collum.
Tracey has been leading a tender for a new radar system, where four suppliers have submitted their bids.
After the bids were received, Nick joined one of the suppliers (Supplier X) as the project director for radar systems.
Nick has asked Tracey to award the contract to Supplier X. What should Tracey do?

  • A. Award the contract to Supplier X because Nick will be promoted if Supplier X wins the contract
  • B. Ask to be removed from the tender due to a conflict of interest and complete a conflict of interest form
  • C. Remove Supplier X from the tender due to a conflict of interest and continue with the tender
  • D. Award the contract to Supplier X because Tracey can ask for a better price because they are married

Answer: B

Explanation:
To maintain integrity and avoid conflicts of interest, Tracey should declare the conflict and remove herself from the tender process. Ethical sourcing practices emphasize transparency and fairness, which prevent potential biases and maintain trust within procurement processes.


NEW QUESTION # 106
Which of the following is a regulatory body which protects the rights of workers?

  • A. FairTrade
  • B. WWF
  • C. ISO
  • D. ILO

Answer: D

Explanation:
ILO = the International Labour Organisation.
ISO is the International Standardisation Organisation- they also come up in this exam.
Fair Trade is about paying suppliers properly.
WWF is the World Wildlife Foundation, or if you watched wrestling in the 90s, the original copyright. You do not need to know about wildlife or wrestling for this exam.


NEW QUESTION # 107
What would an EBITDA ratio show you?

  • A. how solvent a business is
  • B. how much of a business's funding is made up of long term debt
  • C. how effectively a business uses its assets to generate sales
  • D. how profitable a business is

Answer: D

Explanation:
EBITDA stands for 'earnings before interest, tax, depreciation and amortization'. This is a profitability ratio and would show how profitable a business is.
EBITDA: Definition, Calculation Formulas, History, and Criticisms (investopedia.com)


NEW QUESTION # 108
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. competitive dialogue
  • B. negotiated
  • C. restricted
  • D. open

Answer: D

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 # 109
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