Blog

Don Fox Don Fox

0 Course Enrolled • 0 Course Completed

Biography

Official CIPS L4M4 Practice Test - L4M4 Latest Exam Questions

BONUS!!! Download part of UpdateDumps L4M4 dumps for free: https://drive.google.com/open?id=10kUboALE_rUwBcrX329JwyqiXVKr_LBB

The candidates can test themselves for the Ethical and Responsible Sourcing exam day by attempting the Ethical and Responsible Sourcing L4M4 practice test on the software. There is preparation material available on the L4M4 Practice Exam software by UpdateDumps to study for the CIPS L4M4 test.

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

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

>> Official CIPS L4M4 Practice Test <<

Pass Guaranteed 2025 Valid CIPS L4M4: Official Ethical and Responsible Sourcing Practice Test

To make you capable of preparing for the CIPS L4M4 exam smoothly, we provide actual CIPS L4M4exam dumps. Hence, our accurate, reliable, and top-ranked CIPS L4M4 exam questions will help you qualify for your Ethical and Responsible Sourcing L4M4 Certification. Do not hesitate and check out Ethical and Responsible Sourcing L4M4 practice exam to stand out from the rest of the others.

CIPS Ethical and Responsible Sourcing Sample Questions (Q123-Q128):

NEW QUESTION # 123
Jamilla is looking to find a new supplier who can deliver raw materials of wood and paper to her company Woody Manufacturing Incorporated. The requirement is for regular orders of high volume. She has issued a Request for Quotation. What will this assess the suppliers on?

A. who can deliver the items the cheapest
B. who can deliver the highest quality items
C. the five rights of procurement
D. which price is the most ethical

Answer: C

Explanation:
According to p.75 "a RFQ attempts to assess which supplier can achieve the Five Rights of Procurement".
Although price is the only factor considered when using a RFQ- it's important to consider this price in detail; can the supplier deliver the right QUALITY of product for this price?, can they deliver the item WHEN we need it for this price? etc.
The answer is not 'who will deliver it the cheapest' because Jamilla might not pick the cheapest sup-plier. If the cheapest supplier has inferior quality paper, or can only make deliveries every other Tuesday then Jamilla may not select them.

NEW QUESTION # 124
Dylan is looking to appoint a new supplier of paint to his manufacturing business. The paint will be used to paint buses and taxis and therefore needs to be high quality and durable. Which of the following should Dylan look for in terms of quality management when appraising the suppliers?

A. conformance specification
B. ESG
C. Carter's 10 Cs
D. ISO9001

Answer: D

Explanation:
ISO9001 is Quality Management so is therefore the correct answer. The other options can be used to appraise suppliers but do not link directly or fully to Quality Management.

NEW QUESTION # 125
Which of the following should form part of the initial evaluation process for non-domestic vendor supply proposals?

A. Supplier development
B. Internal benchmarking
C. Incoterm classifications
D. Contract management

Answer: C

Explanation:
In the initial evaluation of non-domestic vendor supply proposals, understanding and applying the correct Incoterm classifications is crucial. Incoterms (International Commercial Terms) define the responsibilities of buyers and sellers in international transactions, including the point at which risk transfers from seller to buyer.
Evaluating these terms early ensures clarity in logistics, costs, and risk management.
Exact Extract from Study Guide:
"When sourcing from international suppliers, it is important to be aware of the key legislative and regulatory requirements in both the home country as well as the country of origin. Depending on product and service type, for example, you may need to consider product safety measures, industry regulations, and environmental regulations. In terms of organizational requirements, it is important to pay attention to details such as applicable payment terms and local labor practices."

NEW QUESTION # 126
What would an EBITDA ratio show you?

A. how much of a business's funding is made up of long term debt
B. how profitable a business is
C. how effectively a business uses its assets to generate sales
D. how solvent a business is

Answer: B

Explanation:
EBITDA stands for 'earnings before interest, tax, depreciation and amortization'. This is a profitability ratio and would show how profitable a business is.
EBITDA: Definition, Calculation Formulas, History, and Criticisms (investopedia.com)

NEW QUESTION # 127
A procurement manager who works in the public sector has received 8 submissions to a tender op-port unity that was advertised on OJEU. The average price submission for the contract was £1m but one supplier has submitted a price of £200,000, which the procurement manager has identified as being 'an abnormally low tender'. What should be the procurement manager's course of action?

A. automatically dismiss the low bid
B. investigate the low bid
C. award the contract to the low bid as this represents better value for money
D. award the bid a 0 for price

Answer: B

Explanation:
You should investigate automatically low tenders by clarifying the bid with the supplier. It could be they have misunderstood the requirement. Or the bid could be genuine and they can really provide best value for money.
But without enquiring, you just don't know.

NEW QUESTION # 128
......

With the help of UpdateDumps’s marvelous brain dumps, you make sure your success in L4M4 certification exam with money back guarantee. UpdateDumps serves a huge network of its clientele with the state of the art and exam-oriented short-term study content that requires as little as a two-week time to get ready the entire L4M4 Certification syllabus.

L4M4 Latest Exam Questions: https://www.updatedumps.com/CIPS/L4M4-updated-exam-dumps.html

2025 Latest UpdateDumps L4M4 PDF Dumps and L4M4 Exam Engine Free Share: https://drive.google.com/open?id=10kUboALE_rUwBcrX329JwyqiXVKr_LBB

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Don Fox Don Fox

Biography

COOKIE NOTICE