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L4M4 Reliable Exam Prep | L4M4 Latest Dumps

The L4M4 PDF file contains the real, valid, and updated CIPS L4M4 exam practice questions. These are the real L4M4 exam questions that surely will appear in the upcoming exam and by preparing with them you can easily pass the final exam. The L4M4 PDF Questions file is easy to use and install. You can use the L4M4 PDF practice questions on your laptop, desktop, tabs, or even on your smartphone and start CIPS exam preparation right now.

CIPS L4M4 Exam Syllabus Topics:

Topic
Details

Topic 1

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 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

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 (Q150-Q155):

NEW QUESTION # 150
Pierre is constructing a tender for a security contract. As well as cost, he would like to ask the security companies some questions about their health and safety processes and staff qualifications. He has created several questions and weighted these so that they add up to 25. is this the correct thing to do?

A. yes- point systems can be weighted any way a buyer choses so long as this is explained in the ITT
B. no- the weighting should total 10
C. yes- 25 is the correct weighting for quality question
D. no- the weighting should total 100

Answer: D

Explanation:
weighted points systems for assessments should add up to 100. This is 100%.
An example is how this would work is
Price = 50%
Health and Safety questions= 30%
Qualifications = 20%

NEW QUESTION # 151
Liquidity is a solvency measure which determines whether an organisation is able to pay its debt. Which of the following would you use to assess a supplier's liquidity? Select TWO.

A. current assets
B. current liabilities
C. long-term debt
D. shareholder's equity

Answer: A,B

Explanation:
The correct answer is current assets and current liabilities. There are manyQuestionsabout financial ratios 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 it's a great way to explain liquidity) Liquidity ratios (youtube.com) You can be asked to work out liquidity in the exam. If you are asked this, the numbers will be very simple to the point you may be able to do the sums in your head. There is also a calculator on the test app you can use.

NEW QUESTION # 152
A buyer for a large manufacturing organisation is assessing a sole supplier tender opportunity. The buyer is finding it challenging to differentiate the proposals on unit purchase price. Are there any added values that the procurement manager can use to leverage the sole supplier proposal?

A. Yes, but only if the buyer decides to re-start the tender opportunity
B. No, because a buyer has no leverage over a sole supplier
C. No, the buyer must make the decision based on the existing information
D. Yes, the buyer can negotiate on aspects such as after-sales service

Answer: D

Explanation:
In cases where price differentiation is minimal, negotiating on added-value services like after-sales support can offer additional benefits. This aligns with responsible sourcing by focusing on long-term value and fostering a cooperative relationship with the supplier.

NEW QUESTION # 153
Faisal is a medical equipment maintenance services procurement specialist within a local hospital. Faisal is responsible for ensuring contracts are in place that will ensure operational continuity of high-value pieces such as radiology equipment. When carrying out tender opportunities for these services, Faisal will specify, as an essential requirement, that certain standards are adhered to. Which of the following is a benefit of incorporating standards as a requirement within a specification?

A. Standards will mirror the buyer's requirements in its entirety
B. Standards will ensure suppliers meet all the buyer's requirements
C. Standards will ensure low pricing is submitted in the tender response
D. Standards provide clear guidelines and remove the risk of ambiguity

Answer: D

Explanation:
Incorporating standards within specifications provides clear guidelines for suppliers, reducing ambiguity and helping ensure consistency in quality and performance. This aligns with ethical and responsible sourcing practices by promoting transparency and setting consistent expectations for suppliers.

NEW QUESTION # 154
An organisation is keep to include Social Outcomes in it's assessment for Value for Money for a new tender.
Which of the following should be considered?

A. accreditations such as Fair Trade
B. supplier's ESG policy
C. CO2 emissions of the supplier's delivery vehicles
D. use of local labour to deliver the contract

Answer: D

Explanation:
Social value is about benefitting the local community / society. Therefore of those options listed, use of local labour is the most appropriate to consider.

NEW QUESTION # 155
......

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