NEW CIPS L4M4 DUMPS - GET READY WITH L4M4 EXAM QUESTIONS

New CIPS L4M4 Dumps - Get Ready With L4M4 Exam Questions

New CIPS L4M4 Dumps - Get Ready With L4M4 Exam Questions

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Tags: L4M4 Unlimited Exam Practice, Best L4M4 Practice, New L4M4 Test Price, L4M4 Exam Topics Pdf, Reliable L4M4 Exam Camp

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CIPS L4M4 Exam Syllabus Topics:

TopicDetails
Topic 1
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 2
  • Understand the key processes that can be applied to the analysis of potential external suppliers:
Topic 3
  • 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 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.

CIPS Ethical and Responsible Sourcing Sample Questions (Q178-Q183):

NEW QUESTION # 178
ABC Ltd works with supplier XYZ Ltd who uses a variety of subcontractors. ABC has recently learned of an ethical breach being committed by one of XYZ's subcontractors. What should ABC do?

  • A. Terminate the contract
  • B. Recommend remedial action
  • C. Seek compensation
  • D. Research alternative suppliers

Answer: B

Explanation:
ABC should do a 'root cause analysis' to find out where the issue has come about, and why. From there, once they know what the breach is and how serious it is, they can suggest corrective action.
They can't jump straight to terminating the contract or seeking damages as it's not the supplier itself but rather the subcontractor. Also that would be really hasty considering we don't know what the issue is and what the market conditions are like. That supplier may be the only one who can provide the product. We also don't know if the supplier knows about the issue themselves.


NEW QUESTION # 179
How can a buyer monitor a supplier's ethical workforce standards throughout a long-term contract?

  • A. Request a completed self-assessment by the supplier on a monthly basis
  • B. Contact management directly on a periodic basis, as stipulated in contract terms
  • C. Check the International Labour Organisation's database regularly for information specifically about that supplier
  • D. Commission periodic audits by specialist third parties to highlight any malpractice

Answer: D

Explanation:
Conducting periodic audits by third-party specialists is a reliable way to monitor compliance with ethical standards, as these audits provide an objective assessment. This aligns with ethical sourcing practices, as it promotes accountability and ensures continuous adherence to agreed-upon standards.


NEW QUESTION # 180
Which of the following is an advantage to the TUPE regulations?

  • A. Reduced overheads for the buying organisation
  • B. Increase in buyer power
  • C. Continuity of supply for the buying organisation
  • D. Value for money for the buying organisation

Answer: C

Explanation:
Continuity of supply for the buying organisation is an advantage of TUPE regulations.
TUPE is the Transfer of Undertakings (Protection of Employment). It's when the workforce / em-ployees of one company go to work for another one, usually after their company is bought out. They're transferred to the new company along with the furniture and buildings.
TUPE is UK specific. You don't need to know too much details about it for this exam - just what it is and the benefits. The main benefit is people don't lose their jobs when their company gets bought out. Basic guide to TUPE (pinsentmasons.com)


NEW QUESTION # 181
Tulip Rose Industries is using a restricted approach to tendering for a new contract for the facilities management of their seven factories which produce furniture made of organic materials. What is likely to be the reason they are using a restricted approach?

  • A. the suppliers are likely to be unqualified
  • B. interest in the tender opportunity is likely to be high
  • C. interest in the tender opportunity is likely to be low
  • D. the requirement is complex

Answer: B

Explanation:
you would use a restricted approach when interest is likely to be high. The buyer needs a method of de-selecting unsuitable bidders and creating a shortlist of acceptable organisations.
For complex requirements you could use both an open or restrictive tender- the difference between the approaches is about how many bids you're likely to get rather than the complexity of it.


NEW QUESTION # 182
A company's balance sheet will show you which of the following?

  • A. equity, assets and liabilities
  • B. profit, loss and assets
  • C. revenue, profit and expenses
  • D. cash coming in and out of the business

Answer: A

Explanation:
a balance sheet shows 'equity, assets and liabilities'. The other financial statements you need to know for this exam are cash flow statements and and income statements.
If you're not familiar with these three I strongly recommend you do some further reading on this before the exam if you can. This is helpful: How the 3 Financial Statements are Linked Together - Step by Step (corporatefinanceinstitute.com)


NEW QUESTION # 183
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