DESKTOP-BASED CIPS L4M4 PRACTICE TEST SOFTWARE

Desktop-Based CIPS L4M4 Practice Test Software

Desktop-Based CIPS L4M4 Practice Test Software

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Keeping in view different preparation styles of CIPS L4M4 test applicant BraindumpsVCE has designed three easy-to-use formats for its product. Each format has a pool of Ethical and Responsible Sourcing (L4M4) actual questions which have been compiled under the guidance of thousands of professionals worldwide. Questions in this product will appear in the CIPS L4M4 final test.

CIPS L4M4 Exam Syllabus Topics:

TopicDetails
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
  • 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 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 (Q42-Q47):

NEW QUESTION # 42
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. restricted
  • B. competitive dialogue
  • C. open
  • D. negotiated

Answer: C

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 # 43
Which of the following are signs that modern-day slavery might be taking place within the supply chain?
Select THREE.

  • A. suppliers who speak English as a second language
  • B. workers that live on-site
  • C. suspiciously low labour costs
  • D. poor quality products
  • E. supplier based in a country with a low score on the Corruption Perception Index

Answer: B,C,D

Explanation:
The correct answers are; suspiciously low labour costs, workers living on site and poor quality products (as this signals that the workforce may be unskilled).
A low score on the CPI is a good thing (high scores are more likely to signify slavery concerns) and just because someone speaks English as a second language doesn't mean you automatically need to be suspicious.
That would be prejudice.


NEW QUESTION # 44
When assessing the financial performance of a potential supplier, it is important to understand how much gross profit they are making. The gross profit margin ratio uses which of the following pieces of information from the profit and loss (statement of financial performance)? Select TWO that apply.

  • A. Cost of goods sold
  • B. Income from sales
  • C. Value of equity capital
  • D. Total current assets
  • E. Current liabilities

Answer: A,B

Explanation:
The gross profit margin ratio is calculated by subtracting the cost of goods sold (COGS) from income from sales, then dividing by income from sales. This ratio indicates the profitability of a supplier, a critical factor in assessing financial health, which helps buyers ensure reliable supply continuity.


NEW QUESTION # 45
A procurement manager has a new contract to award. They know there will be considerable interest from potential suppliers, as there are approximately twelve companies in the market. Which of the following is a benefit of using a full competitive tendering process for this new contract?

  • A. It is a quick and informal process
  • B. All suppliers will know how much the others have bid
  • C. Only the procurement manager can decide who wins
  • D. All bidders will be treated equally

Answer: D

Explanation:
A full competitive tendering process ensures fairness by treating all suppliers equally, allowing them to compete on a level playing field. This aligns with ethical sourcing principles, especially in the public sector, where transparency and equal opportunity are paramount.


NEW QUESTION # 46
During which stage of the procurement cycle would you remove suppliers that do not add value, or could pose a risk to the buying organisation?

  • A. asset management
  • B. develop strategy
  • C. contract award
  • D. supplier selection

Answer: D

Explanation:
At supplier selection stage, unsuitable suppliers should be removed (those that do not add value or pose a risk). At develop strategy stage you're not even looking at suppliers yet- you're just deciding what you need.
At contract award and asset management it's too late.
CIPS procurement cycle - Procurement Supply Cycle | CIPS


NEW QUESTION # 47
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