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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

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

Topic 4

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.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q142-Q147):

NEW QUESTION # 142
A buyer is considering trading with a new overseas supplier and wants to assess anti-bribery risks in that country. Which information sources would be useful? (Select TWO)

A. Transparency International (TI)
B. International Court of Arbitration (ICC)
C. Local Anti-Corruption Legislation
D. International Standards Organisation (ISO)
E. United Nations Sustainable Development Goals (UNSDGs)

Answer: A,C

Explanation:
Local anti-corruption laws (A) provide insight into the legal framework and enforcement environment, while Transparency International (B) publishes the Corruption Perceptions Index and reports on bribery risks worldwide. These are reliable sources for assessing corruption levels and associated risks. UNSDGs set broad sustainability goals but not country-specific corruption risks. The ICC deals with arbitration, not anti-bribery.
ISO standards provide frameworks for compliance but do not analyse country risk. Responsible sourcing requires due diligence on governance environments to mitigate bribery risks and comply with anti-corruption legislation such as the UK Bribery Act.
Reference: CIPS L4M4 Study Guide (v2), LO: "Concepts" - ethical risk, corruption, and international frameworks.

NEW QUESTION # 143
A public sector buyer has run a competitive tender, for which there were eight bidders. All bidders have met the public sector organisation's minimum standards. In addition, they must also meet several other requirements. The buyer will make the contract award decision based on which of the following?

A. The supplier location
B. Framework agreement terms
C. The bidder's price
D. Weighted criteria

Answer: D

Explanation:
Weighted criteria allow the buyer to evaluate multiple factors, not just price, to make a fair and balanced decision. This approach ensures responsible sourcing by considering quality, sustainability, and other relevant factors alongside cost, which aligns with public procurement ethics and standards.

NEW QUESTION # 144
Tracey Collum is a procurement professional and married to Nick Collum.
Tracey has been leading a tender for a new radar system, where four suppliers have submitted their bids.
After the bids were received, Nick joined one of the suppliers (Supplier X) as the project director for radar systems.
Nick has asked Tracey to award the contract to Supplier X.
What should Tracey do?

A. Remove Supplier X from the tender due to a conflict of interest and continue with the tender
B. Award the contract to Supplier X because Nick will be promoted if Supplier X wins the contract
C. Ask to be removed from the tender due to a conflict of interest and complete a conflict of interest form
D. Award the contract to Supplier X because Tracey can ask for a better price because they are married

Answer: C

Explanation:
To maintain integrity and avoid conflicts of interest, Tracey should declare the conflict and remove herself from the tender process. Ethical sourcing practices emphasize transparency and fairness, which prevent potential biases and maintain trust within procurement processes.

NEW QUESTION # 145
Which of the following would you use to work out a company's gearing ratio? Select TWO.
0current liabilities

A. net profit
B. gross sales
C. shareholder equity
D. long term debt

Answer: A,D

Explanation:
Gearing measures how much of an organisation's long-term funding is made up of long term debt and loans.
Therefore the correct answers are 'shareholder equity' and 'long term debt'.
There are many question about financial ratios that can come up on the exam. If you're unsure on them I suggest doing further reading outside of the study guide as this will help. I like this youtube video (I'm not associated with the makers of this video but think they're really good at explaining things to beginners) Gearing Ratio explained (youtube.com)

NEW QUESTION # 146
Private sector procurement organisations should always allow suppliers at least 35 days to respond to invitations to tender. Is this statement true?

A. Yes, because it helps suppliers to plan and prioritise their work
B. Yes, because that timeframe is internationally recognised as being appropriate
C. No, because this timeframe will cause delays that are unacceptable to stakeholders
D. No, because the complexity of the tender should inform the response timescale

Answer: D

Explanation:
Response times should be tailored to the complexity of the tender. Responsible sourcing encourages flexibility in setting realistic timelines that allow suppliers adequate time to prepare, supporting efficient and effective sourcing without unnecessary delays.

NEW QUESTION # 147
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Sid Stone Sid Stone

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