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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	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 (Q255-Q260):

NEW QUESTION # 255
Which of the following is a UK legislation concerning product safety?

A. Consumer Rights Act 2015
B. Competition Act 1998
C. GDPR 2018
D. Enterprise Act 2002

Answer: A

Explanation:
The Consumer Rights Act 2015 is about product safety and making sure products sold on the market are fit for purpose. It gives buyers rights and protections. The Consumer Rights Act 2015 - Citizens Advice There's a long list of legislation on p.105. I wouldn't worry about memorizing them all but just have an idea of what legislation relates to what area. E.g. GDPR is about Data Protection and the Com-petitions Act is about Marketplace competition. Most of them are quite obvious from the name.

NEW QUESTION # 256
Which of the following payment mechanisms is most beneficial to the supplier?

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

Answer: B

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 # 257
Foresttors Plc is negotiating a new contract for the procurement of timber, a crucial component of its production operations. The company has incorporated environmental, social, and governance (ESG) reporting requirements into the contractual terms. Is this a valid approach?

A. Yes, this helps to demonstrate the importance of compliance to ESG
B. No, ESG is not within the scope of a contractual document and should always be treated informally
C. No, suppliers cannot be legally responsible for ESG compliance; this should be the buying organization
D. Yes, providing the contract does not require a supplier to do anything differently for ESG than they have done previously

Answer: A

Explanation:
Incorporating ESG requirements into contractual terms is a valid and increasingly common approach. It ensures that suppliers are contractually obligated to adhere to specific environmental, social, and governance standards, aligning with the buyer's commitment to responsible sourcing. This practice not only promotes ethical behavior but also mitigates risks associated with non-compliance, such as reputational damage or legal penalties.
Exact Extract from Study Guide:
"This unit focuses on responsible procurement practices, ensuring that sourcing decisions align with legal, environmental, and social governance (ESG) principles."

NEW QUESTION # 258
A restricted tender process involves supplier selection. This process focuses on which of the following?
* Production capacity
* Decommissioning costs
* Total life cost
* Financial stability

A. 1 and 4 only
B. 1 and 2 only
C. 1 and 5 only
D. 2 and 4 only

Answer: A

Explanation:
Restricted tendering involves filtering suppliers through a prequalification stage and then evaluating proposals. The selection focuses on ensuring suppliers have adequate production capacity and financial stability to deliver on requirements. These are critical to continuity, quality, and risk management.
Decommissioning costs are not typically part of supplier selection, and total life cost is an award criterion considered later in evaluation. By checking production capacity and financial stability, buyers mitigate risks of underperformance or financial collapse. This approach aligns with responsible sourcing, where due diligence ensures suppliers can sustainably meet obligations.
Reference: CIPS L4M4 Study Guide (v2), LO: "Implementation" - supplier qualification and restricted tendering.

NEW QUESTION # 259
Which of the following are secondary research sources that can be used when investigating markets and suppliers? Select THREE that apply.

A. Economic indices
B. Supplier interviews
C. Supplier websites
D. Focus groups
E. Professional magazines
F. Direct conversations

Answer: A,C,E

Explanation:
Professional magazines, economic indices, and supplier websites provide secondary data that can be useful in understanding market trends and supplier performance. Responsible sourcing often relies on a mix of primary and secondary data sources to make informed decisions about supplier selection.

NEW QUESTION # 260
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