L4M4 LATEST DEMO - PDF L4M4 VCE

L4M4 Latest Demo - PDF L4M4 VCE

L4M4 Latest Demo - PDF L4M4 VCE

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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
  • 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 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 (Q159-Q164):

NEW QUESTION # 159
When evaluating a supplier's proposal in relation to ESC (Environmental, Social, Governance, and ethical elements), it is common to send questionnaires to suppliers requesting information, which can later be scored.
Which of the following questions would be assessing any of the ESC criteria?
* Could you provide details on your manufacturing and raw material costs as part of an open-book pricing contract?
* How do you promote equal opportunity for your employees, customers, and suppliers?
* What is the annual turnover and profitability of your company?
* Does your company have an anti-bribery policy?

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

Answer: A

Explanation:
Questions about equal opportunity and anti-bribery policies assess the supplier's commitment to social and ethical standards. These aspects are part of the ESC criteria, which align with responsible sourcing practices by ensuring suppliers maintain ethical workforce practices and governance.


NEW QUESTION # 160
A Request for Quotation asks a supplier to submit a price only, with no other details provided. Is this TRUE?

  • A. Yes- this ensures the cheapest supplier is appointed
  • B. Yes- price is the only factor considered
  • C. No - specifications, technical details and quantities can also be provided
  • D. No - quotations provide samples too

Answer: C

Explanation:
Request for Quotations can include more details than just prices. They can include specs and technical drawings and samples. It's like saying 'we can give you this price with these conditions'.
The other no answer is wrong because RfQ don't always include samples. A sample wouldn't be possible for a quote for an IT consultancy piece of work.


NEW QUESTION # 161
Mark is a category manager responsible for buying large pieces of laboratory equipment in the public (government) sector. Which of the following Incoterms would ensure that an overseas supplier is responsible for paying all delivery costs, including import duties and taxes for these goods?

  • A. FAS
  • B. DDP
  • C. EXW
  • D. DPU

Answer: B

Explanation:
DDP (Delivered Duty Paid) requires the supplier to cover all delivery costs, including import duties and taxes.
This term ensures that the buyer receives the goods without additional charges, aligning with public sector procurement practices for cost-effective and transparent sourcing.


NEW QUESTION # 162
Which of the following payment mechanisms is most beneficial to the supplier?

  • A. letter of credit
  • B. sight draft
  • C. open account
  • D. cash in advance

Answer: D

Explanation:
cash in advance is the most beneficial to a supplier.
Open account /credit account is the most beneficial to the buyer. Learn this as it's a known exam topic.


NEW QUESTION # 163
Other than price, what should a buyer consider when evaluating supplier quotations?
* Lead times
* Add-on costs
* Wastage rates
* Past performance

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

Answer: C

Explanation:
In addition to price, factors like lead times, add-on costs, and past performance are important to ensure the supplier meets the buyer's requirements sustainably and reliably. These criteria align with ethical sourcing by promoting value and accountability beyond just cost considerations.


NEW QUESTION # 164
......

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