100% PASS QUIZ ACCURATE CIPS - L4M4 - NEW ETHICAL AND RESPONSIBLE SOURCING BRAINDUMPS FREE

100% Pass Quiz Accurate CIPS - L4M4 - New Ethical and Responsible Sourcing Braindumps Free

100% Pass Quiz Accurate CIPS - L4M4 - New Ethical and Responsible Sourcing Braindumps Free

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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
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
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
  • 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.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q110-Q115):

NEW QUESTION # 110
What is the best way to prevent potential issues of conflicts of interest?

  • A. do not work with suppliers who have relationships with the procurement team
  • B. openly declare potential conflicts
  • C. create a risk register
  • D. do not hire family members

Answer: B

Explanation:
The best way to deal with potential Conflicts of Interest is to openly declare these. Just because you have a relationship with someone doesn't mean this is going to be an issue or lead to fraud, but it is a good idea to keep a written record of these.
It wouldn't be a risk register, because how can you rate someone's risk of doing something dodgy? Risk registers are for objective risks such as Health and Safety.


NEW QUESTION # 111
A company has a requirement for an item that has been identified as strategic on the positioning model. The company needs to invite competitive tenders and ensure the selected supplier of this item is in a good financial position. What should the company ask the suppliers to send to show that their current assets cover their current liabilities?

  • A. Profit and loss account
  • B. Acid test
  • C. Annual turnover
  • D. Gearing ratio

Answer: B

Explanation:
The acid test (quick ratio) is an effective measure of a supplier's ability to meet short-term liabilities, providing insights into financial stability. This aligns with responsible sourcing by ensuring the supplier is financially capable of fulfilling a strategic contract.


NEW QUESTION # 112
ABC Ltd works with supplier XYZ Ltd who uses a variety of subcontractors. ABC has recently learned of an ethical breach being committed by one of XYZ's subcontractors. What should ABC do?

  • A. Seek compensation
  • B. Research alternative suppliers
  • C. Recommend remedial action
  • D. Terminate the contract

Answer: C

Explanation:
ABC should do a 'root cause analysis' to find out where the issue has come about, and why. From there, once they know what the breach is and how serious it is, they can suggest corrective action.
They can't jump straight to terminating the contract or seeking damages as it's not the supplier itself but rather the subcontractor. Also that would be really hasty considering we don't know what the issue is and what the market conditions are like. That supplier may be the only one who can provide the product. We also don't know if the supplier knows about the issue themselves.


NEW QUESTION # 113
Tulip Rose Industries is using a restricted approach to tendering for a new contract for the facilities management of their seven factories which produce furniture made of organic materials. What is likely to be the reason they are using a restricted approach?

  • A. interest in the tender opportunity is likely to be low
  • B. the requirement is complex
  • C. the suppliers are likely to be unqualified
  • D. interest in the tender opportunity is likely to be high

Answer: D

Explanation:
you would use a restricted approach when interest is likely to be high. The buyer needs a method of de-selecting unsuitable bidders and creating a shortlist of acceptable organisations.
For complex requirements you could use both an open or restrictive tender- the difference between the approaches is about how many bids you're likely to get rather than the complexity of it.


NEW QUESTION # 114
What course of action should be taken when an audit of a supplier identifies evidence of human rights malpractice?

  • A. Immediately halt all orders with the supplier, make a record of the violation in the supplier database, and switch to an alternative source of supply
  • B. Allow the supplier to complete current orders placed, while pursuing an alternative source to change to as soon as approved
  • C. Immediately raise the issue with the supplier and jointly develop a timely action plan to be implemented before a repeat audit
  • D. Remove all business and inform press organisations, who will in turn bring the issue to the attention of formal governmental organisations who can take action

Answer: C

Explanation:
Addressing human rights issues collaboratively by developing an action plan allows for improvement and correction. This approach is consistent with ethical sourcing principles, which encourage responsible intervention to correct and improve supply chain practices rather than punitive measures that may not lead to long-term change.


NEW QUESTION # 115
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