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L4M4 Latest Dumps Ppt, L4M4 Online Training

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CIPS L4M4 Exam Syllabus Topics:

Topic
Details

Topic 1

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

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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L4M4 dumps torrent: Ethical and Responsible Sourcing & L4M4 valid test

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CIPS Ethical and Responsible Sourcing Sample Questions (Q61-Q66):

NEW QUESTION # 61
Which of the following would be a valid reason to make a product inhouse, rather than buy it from a supplier?

A. threat of substitutions
B. less inventory
C. improved quality control
D. killset of supplier is higher

Answer: C

Explanation:
One of the biggest advantages to making an item over buying it is 'improved quality control'.
When you make the product yourself, you can set the quality parameters you require and aren't re-stricted to, or dependant on, what the supplier does. The other options are incorrect- making stuff inhouse would mean you hold more inventory. If the supplier has a higher skillset than you, you would outsource. Threat of substitutions wouldn't impact this decision.
For a list of pros and cons relating to the 'make or buy' decision see p.5. This is a hot topic for the exam.

NEW QUESTION # 62
The Universal Declaration of Human Rights means that member states cannot restrict their citizens of any of the rights listed. Which of the following rights may apply to employees who make a complaint about unfair pay and conditions that are not comparable to others in the company?

A. The right to free speech and expression
B. The right to be treated equally
C. The right to freedom
D. The right to beliefs

Answer: B

Explanation:
The Universal Declaration of Human Rights (UDHR) Article 23(2) states that "Everyone, without any discrimination, has the right to equal pay for equal work." This underscores the principle of equality in the workplace, ensuring that employees are treated equally regarding pay and conditions. Therefore, employees raising concerns about unfair pay compared to their colleagues are exercising their right to be treated equally.
Reference:
Universal Declaration of Human Rights, Article 23(2):

NEW QUESTION # 63
You have been asked to purchase 500 pens of a specific brand. You decided to use a weighted points system for assessment of proposals. Is this approach appropriate?

A. No, you should only use a weighted points system for high-spend procurement
B. No, it is not necessary, as in this case, you are mainly concerned with price
C. Yes, you should follow the same procurement process irrespective of the circumstances
D. Yes, a weighted points system is always the best way to evaluate suppliers' bids

Answer: B

Explanation:
For low-value, routine purchases where price is the primary consideration, employing a weighted points system may not be necessary. Such systems are more suitable for complex procurements where multiple factors, such as quality, delivery, and sustainability, need to be evaluated alongside price. In the case of purchasing standard items like pens, a straightforward price comparison is typically sufficient.
Reference:
CIPS Level 4 Diploma in Procurement and Supply, L4M4 Study Guide, Section 2.3.2: The use of weighted points systems for assessment

NEW QUESTION # 64
Which of the incoterms listed are suitable for transporting goods via train?

A. CRF
B. FAS
C. FOB
D. EXW

Answer: D

Explanation:
EXW- exworks is a suitable incoterm for transporting goods both by rail and boat. It can be used regardless of the mode of transport. The other three are for transport over water. P. 143 Shipping Incoterms: the Complete Guide - Guided Imports Some students report a lot of questions on Incoterms in the exam, some say they only had 1. Best bet is to learn them if you possibly can.

NEW QUESTION # 65
A company has actively included supporting of disadvantaged groups within their ESG commitment. Which of the following groups are considered disadvantaged?

A. endangered species
B. Muslims
C. international suppliers
D. pregnant women and children

Answer: D

Explanation:
Pregnant women and children are considered 'disadvantaged' by the UN. The other groups the UN call disadvantaged include; the elderly, the immunocompromised, those with disabilities and those living in poverty. This is the list given in the study guide.
A company could help disadvantaged groups in several ways. Firstly by offering employment (obviously not to the children). It could also include helping these groups as part of a Social Value out-come or community benefit scheme.

NEW QUESTION # 66
......

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Sean Walker Sean Walker

Biography

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