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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
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	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 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 (Q171-Q176):

NEW QUESTION # 171
Bob works in the procurement department of a construction firm. He has been asked to procure an item for a short-term project which is considered low risk. What type of sourcing will he be completing?

A. tactical
B. outsourcing
C. strategic
D. insourcing

Answer: A

Explanation:
tactical is the correct answer; items that are short-term or low value are considered tactical.
Strategic sourcing is long term and high value.
Outsourcing is moving a key business function to an external company.
Insourcing is bringing a previously outsourced part of the company back in-house.

NEW QUESTION # 172
If a company is concerned with ethical sourcing and has concerns about issues such as corruption and modern day slavery within the supply chain, what course of action should they take?

A. Only work with suppliers who have a published Anti-Slavery policy
B. Complete Due-Diligence on all new suppliers
C. Complete formal tenders to find the best suppliers
D. Only work with known suppliers

Answer: B

Explanation:
Completing Due Diligence checks will help guard against concerns about unethical business practices.
Not all companies will have a published Anti-Slavery policy- this is only required for large companies.
Known suppliers might have issues that you don't know about so you should always do due-diligence checks on everyone you work with Formal tenders won't sort out ethical issues unless specifically addressed within the tender and strong contract management is put in place afterwards.

NEW QUESTION # 173
A business may be faced with the challenge of deciding whether to source some of its requirements from external suppliers or whether to make them internally. Which of the following factors is likely to justify the decision to make the requirements internally?

A. External sourcing involves cumbersome tendering procedures
B. External suppliers are likely to be overcharging
C. The other suppliers are using older technology
D. The availability of in-house competencies and capacity to carry out the production

Answer: D

Explanation:
Internal production is often justified when a company has the necessary competencies and capacity. This approach aligns with responsible sourcing by leveraging internal capabilities for better control over quality, cost, and compliance with ethical and environmental standards.

NEW QUESTION # 174
Procurement professionals should never appoint suppliers with a low credit rating. Is this statement true?

A. No, because a credit rating is only one financial tool to be used in determining competence
B. Yes, because this rating indicates poor financial management practices
C. No, because a credit rating is not an appropriate decision-making tool
D. Yes, because this rating means insolvency or liquidation is imminent

Answer: A

Explanation:
A credit rating is a useful but limited indicator of financial health. It reflects a supplier's likelihood of meeting short-term obligations but may not capture context such as investment stage, government backing, or corrective strategies. Responsible sourcing requires holistic assessments, including liquidity ratios, profitability, gearing, and qualitative factors like market position and management capability. Automatically rejecting suppliers with lower scores can unnecessarily restrict competition or exclude SMEs in emerging markets. Instead, CIPS advocates proportional risk assessment and, where necessary, mitigation measures such as shorter contracts, phased payments, or guarantees.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - financial appraisal tools and their limitations.

NEW QUESTION # 175
Many organisations prefer a multi-sourcing approach because of the advantages it provides. Which of the following might be an advantage of multi-sourcing?

A. It increases process flexibility and switching using a range of approved suppliers
B. It helps the buyer to increase stock varieties to avoid stock-outs
C. It is the only approach that supports the open tendering process
D. It is the only approach that enables the buyer to isolate the best supplier from among many

Answer: A

Explanation:
Multi-sourcing allows organisations to diversify their supply base, providing flexibility, and reducing risk by having multiple suppliers. It is an effective strategy to prevent over-dependence on a single source and allows for competition among suppliers, promoting quality and ethical standards in the supply chain.

NEW QUESTION # 176
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Certification CIPS L4M4 Torrent | L4M4 Hottest Certification

CIPS L4M4 Exam Syllabus Topics:

100% Pass 2025 L4M4: High-quality Certification Ethical and Responsible Sourcing Torrent

CIPS Ethical and Responsible Sourcing Sample Questions (Q171-Q176):

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