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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

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

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 (Q134-Q139):

NEW QUESTION # 134
Which of the following would be considered a strategic sourcing activity?

A. a factory ordering a new machine
B. a restaurant ordering plastic cups
C. an office ordering copier paper
D. a bakery ordering eggs

Answer: A

Explanation:
a factory ordering a new machine is the correct answer.
Strategic sourcing is for high value, high risk items. The other options given are tactical sourcing as they are low value (eggs, paper and plastic cups).
See p.3 for the differences between tactical and strategic sourcing

NEW QUESTION # 135
Which of the following are primary sources of data? Select TWO.

A. trade fairs and exibits
B. phone calls with current suppliers
C. published price lists
D. market reasearch commissioned by a rival company
E. economic indices such as PPI or CPI

Answer: A,B

Explanation:
Primary data includes trade fairs and exhibits, and phone calls to current suppliers. The others are examples of secondary data.
Remember primary= you do it yourself, Secondary = someone else did it.

NEW QUESTION # 136
Elaine works for a British manufacturer of confectionary (sweets/ candy) items. One of the key ingredients is cocoa powder, which cannot be grown in the UK. Elaine therefore needs to look abroad for suppliers. Which of the following are risks that Elaine needs to consider when sourcing internationally? Select THREE

A. shortened lead times
B. ethical behavior
C. currency exchange fluctuations
D. cultural differences
E. export tariffs

Answer: B,C,D

Explanation:
The correct answers are; currency exchange fluctuations, ethical behavior and cultural differences.
Shortened lead times is not correct because sourcing internationally would result in longer lead times. Export tariffs is not correct as Elaine is importing the items into the UK, not exporting them.

NEW QUESTION # 137
What are some of the benefits of conducting unscheduled supplier audits? Select TWO that apply.

A. Unscheduled audits increase the risk of providing misinformation
B. Unscheduled audits help to identify non-compliance issues
C. Unscheduled audits are more time-efficient than scheduled audits
D. Unscheduled audits help to achieve an unbiased assessment
E. Unscheduled audits significantly reduce costs compared to scheduled visits

Answer: B,D

Explanation:
Unscheduled audits can provide an unbiased view of supplier practices and help identify compliance issues that might be hidden during scheduled audits. This approach supports responsible sourcing by ensuring accurate assessments of ethical and quality standards.

NEW QUESTION # 138
Which of the following are procurement procedures permissible under EU Public Procurement rules? Select TWO that apply.

A. Complex procedure
B. Conformance procedure
C. Public procedure
D. Restricted procedure
E. Open procedure

Answer: D,E

Explanation:
Under EU Public Procurement rules, the permissible procurement procedures include the Open Procedure and the Restricted Procedure. The Open Procedure allows any interested party to submit a tender, while the Restricted Procedure involves a two-stage process where only selected candidates are invited to submit tenders. These procedures are designed to ensure transparency, competition, and equal treatment in public procurement.
Exact Extract from Study Guide:
"The EU Public Procurement Directive outlines several procedures including Open Procedure and Restricted Procedure, which are designed to facilitate fair and transparent procurement processes."

NEW QUESTION # 139
......

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