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CIPS L4M4 Exam Syllabus Topics:

Topic
Details

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

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CIPS Ethical and Responsible Sourcing Sample Questions (Q252-Q257):

NEW QUESTION # 252
What are the two main financial accounting statements of an organisation that show the values of assets and liabilities, and the profit earned in the period?

A. Balance sheet (statement of financial position) and profit and loss account (statement of financial performance)
B. Cash flow statement (statement of cash flow) and profit and loss statement (statement of financial performance)
C. Cash flow statement (statement of cash flow) and balance sheet (statement of financial position)
D. Profit and loss account (statement of financial performance) and chairman's statement (in the annual report)

Answer: A

Explanation:
The balance sheet and profit and loss account provide a comprehensive view of an organisation's financial health, showing assets, liabilities, and profits. These statements are essential in evaluating a supplier's financial capacity, aligning with responsible sourcing practices for financial stability.

NEW QUESTION # 253
Which of the following should be considered when calculating ratios relating to a supplier's liquidity?

A. receivables
B. reserves
C. profit
D. inventory

Answer: D

NEW QUESTION # 254
The International Chamber of Commerce (ICC) publish a list of commercial rules known as Inco-terms. What is the purpose of these rules?

A. to ensure buyers and suppliers pay the correct level of tax on imported and exported goods
B. to state which products can be exported from which countries
C. to provide internationally recognized product descriptions
D. to describe the point at which an item is considered delivered

Answer: D

Explanation:
Incoterms describe the point at which an item is considered 'delivered' and explains who has the risk of what during the transport of the goods.

NEW QUESTION # 255
One approach to managing supply risk is by having multiple suppliers of a given product or category of requirements. This approach has both advantages and disadvantages. Which of the following conditions would be a reason for multiple sourcing arrangements?

A. It restricts opportunity for competition within the supplier base
B. It is suitable for high-value requirements such as raw materials
C. It increases the risk and costs of switching within the supplier base
D. It is suitable for high-value, one-off requirements such as machinery

Answer: B

Explanation:
Multiple sourcing is most effective for strategically important, high-value requirements such as raw materials.
These are continuous, large-volume needs where supply disruptions can be costly and damaging. By using more than one supplier, buyers reduce dependency risks, improve resilience, and increase competitive leverage. One-off requirements like machinery (A) don't benefit from multiple sourcing, while options B and D describe disadvantages rather than reasons for adopting the approach. Responsible sourcing promotes balancing cost, risk, and resilience - and multiple sourcing is a key strategy for critical, ongoing supply categories.
Reference: CIPS L4M4 Study Guide (v2), LO: "Application" - sourcing strategies and risk management.

NEW QUESTION # 256
When conducting a competitive tender, is it appropriate to use a supplier's credit rating as a criteria for pre-section?

A. no- because a low credit rating would have a negative impact on the supply chain
B. yes- because a low rating would indicate the supplier is financially unstable
C. yes- because a low rating would have a negative impact on the company's reputation
D. no- because a low rating would not affect the quality of the products supplied

Answer: B

Explanation:
The correct answer is 'yes- because a low credit rating would indicate the supplier is financially un-stable'.
The two options beginning with no should automatically be discounted. The other option is incor-rect because credit ratings are private and would therefore not affect reputation.

NEW QUESTION # 257
......

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