RELIABLE L4M4 BRAINDUMPS PDF & L4M4 RELIABLE TEST EXPERIENCE

Reliable L4M4 Braindumps Pdf & L4M4 Reliable Test Experience

Reliable L4M4 Braindumps Pdf & L4M4 Reliable Test Experience

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Tags: Reliable L4M4 Braindumps Pdf, L4M4 Reliable Test Experience, L4M4 Learning Mode, New L4M4 Test Cost, L4M4 Braindumps Pdf

These formats are CIPS PDF Questions and practice test software. The Ethical and Responsible Sourcing L4M4 practice exam software is further divided into two formats. The name of these two formats is CIPS L4M4 desktop practice test software and web-based CIPS L4M4 practice test software. Both CIPS L4M4 practice test software is the L4M4 Practice Exam that will give you a real-time L4M4 exam preparation environment to solve all Ethical and Responsible Sourcing L4M4 questions. With the CIPS L4M4 practice test software you can understand your weak topic areas. Later on, working on these CIPS L4M4 weak topic areas you can make it perfect.

CIPS L4M4 Exam Syllabus Topics:

TopicDetails
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 (Q82-Q87):

NEW QUESTION # 82
A buyer has discovered their supplier has taken the passports of some of their workforce. The supplier has offered the buyer a discount against the contract, but the discount only applies if the buyer does not report this finding. Which ethical concerns should the buyer report to the necessary stakeholders?
* Fraudulent activity
* Bribery
* Modern slavery
* Breach of confidentiality

  • A. 1 and 3 only
  • B. 2 and 4 only
  • C. 2 and 3 only
  • D. 1 and 4 only

Answer: C

Explanation:
The withholding of passports is a potential indication of modern slavery, and the offer of a discount to avoid reporting this is a form of bribery. Reporting these ethical concerns aligns with responsiblesourcing practices and is critical for maintaining a supply chain free from human rights abuses.


NEW QUESTION # 83
GDP is an economic index that a procurement professional can use to measure economic data. What does GDP tell you?

  • A. average changes in price over a year
  • B. the value of commodities such as steel, oil and wheat at a point in time
  • C. the monatary value of the goods manufactured in a financial period
  • D. the value of public limited companies within a country

Answer: C

Explanation:
GDP = gross domestic product = "the monetary value of goods and services manufactured or sup-plied in a financial period". People use it to say whether a country's economy is strong or weak.
Stock markets look at the value of public limited companies within a country.
Commodity indices look at the value of commodities such as steel, oil and wheat at a point in time Average changes in price over a year can be measured by CPI or PPI


NEW QUESTION # 84
Azram is a facilities category buyer within the UK police force and is managing an overseas sourcing project for police uniform and personal protective equipment. Azram is of the opinion that international sourcing will help deliver much-needed financial savings, which can be utilized in other areas of the UK police force.
Azram is aware that exchange rate fluctuations can create risk for his organisation. How can Azram remove this risk?

  • A. Ask suppliers to quote in GBP Sterling
  • B. Evaluate international supplier's financial accounts
  • C. Carry out a competitive tender exercise
  • D. Request to use the exchange rate applicable at the time of delivery

Answer: A

Explanation:
Requesting suppliers to quote in GBP Sterling removes exchange rate risk by fixing the cost in the buyer's local currency. This strategy aligns with responsible sourcing practices by providing cost stability and protecting the procurement budget from currency fluctuations.


NEW QUESTION # 85
Ali is the Category Manager at an airplane manufacturing factory. He works with many different suppliers who provide different components for the planes. The company is investing heavily in Environmental and Social Governance and Ali has been asked by the CEO what the best practice is to ensure ethical behaviour from suppliers. Ali has suggested completing Audits. Is this the right thing to do?

  • A. No- audits will only reveal financial issues not ethical ones
  • B. yes - these can be completed without warning which would give Ali an accurate picture of the supplier's operations
  • C. Yes- audits always uncover ethical violations such as modern day slavery
  • D. No- Ali should simply ask the supplier's about their ethical practices

Answer: B

Explanation:
The correct answer is 'yes - these can be completed without warning which would give Ali an accurate picture of the supplier's operations'. The other options are incorrect:
1) you can do many types of audit- financial, ethical, Health and Safety etc
2) asking a supplier about their ethical practices isn't likely going to get you accurate information. They'll just tell you what they think you want to hear
3) audits are great- but they don't ALWAYS uncover issues. Always is the key word in that sentence which makes it incorrect.


NEW QUESTION # 86
When selecting a supplier on technical merit, its important that the supplier is a good 'functional fit' for the organisation. What is meant by 'functional fit'?

  • A. the supplier is able to work at the same technical level as the buyer
  • B. the supplier is able to adhere to the same ethical standards
  • C. the supplier shares a common supply chain
  • D. the supplier makes a similar profit to that of the buyer

Answer: A

Explanation:
The correct answer is 'the supplier is able to work at the same technical level as the buyer'. It's aboutbeing able to integrate the businesses together in terms of IT systems and such like.


NEW QUESTION # 87
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