NEW CIPS L4M4 EXAM DISCOUNT - L4M4 PDF FREE

New CIPS L4M4 Exam Discount - L4M4 Pdf Free

New CIPS L4M4 Exam Discount - L4M4 Pdf Free

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Tags: New L4M4 Exam Discount, L4M4 Pdf Free, L4M4 Pdf Files, L4M4 Pass4sure Study Materials, L4M4 PDF Cram Exam

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CIPS Ethical and Responsible Sourcing Sample Questions (Q71-Q76):

NEW QUESTION # 71
Which of the following would be considered a strategic sourcing activity?

  • A. an office ordering copier paper
  • B. a factory ordering a new machine
  • C. a bakery ordering eggs
  • D. a restaurant ordering plastic cups

Answer: B

Explanation:
a factory ordering a new machine is the correct answer.
Strategic sourcing is for high value, high risk items. The other options given are tactical sourcing as they are low value (eggs, paper and plastic cups).
See p.3 for the differences between tactical and strategic sourcing


NEW QUESTION # 72
A procurement manager has a new contract to award. They know there will be considerable interest from potential suppliers, as there are approximately twelve companies in the market. Which of the following is a benefit of using a full competitive tendering process for this new contract?

  • A. It is a quick and informal process
  • B. All suppliers will know how much the others have bid
  • C. Only the procurement manager can decide who wins
  • D. All bidders will be treated equally

Answer: D

Explanation:
A full competitive tendering process ensures fairness by treating all suppliers equally, allowing them to compete on a level playing field. This aligns with ethical sourcing principles, especially in the public sector, where transparency and equal opportunity are paramount.


NEW QUESTION # 73
What is a major benefit to using Incoterms when sourcing goods internationally?

  • A. it replaces the need for insurance
  • B. it ensures value for money
  • C. it replaces lengthy contractual clauses
  • D. it ensures ethical business practices

Answer: C

Explanation:
Incoterms can replace lengthy contract clauses as they replace the need for contracts to detail which party is responsible for organising transport, paying duties, having the insurance etc.
Incoterms is an odd one for exam topics- some students say it was a huge part of their exam and there were many questions on this. Others said there were just one or two. Questions get randomly assigned from the bank so it's completely random how many you'll get on this topic.


NEW QUESTION # 74
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 shares a common supply chain
  • B. the supplier is able to work at the same technical level as the buyer
  • C. the supplier makes a similar profit to that of the buyer
  • D. the supplier is able to adhere to the same ethical standards

Answer: B

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 # 75
Under what circumstances can a buyer reduce timescales for a tender in the Public Sector?

  • A. when the tender is of low value
  • B. if the competition is restricted
  • C. if there are fewer than 5 bidders
  • D. if tenders are received by electronic submission exclusively

Answer: D

Explanation:
If tenders are received by electronic submission exclusively, the buyer can reduce the timescale. On average the time for a standard tender submission can be reduced by 5 days if bids are submitted electronically.
*Note* this is based off current PCR Regs 2015 which are being superseded in October 2024 by new legislation. We currently don't know what the new regs will say on this. If it's different, my best guess is CIPS will remove any question about it from their exam- because the study guide would be wrong and that would lead to complaints.


NEW QUESTION # 76
......

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