L4M4 LATEST EXAM PRICE - TEST L4M4 QUESTIONS VCE

L4M4 Latest Exam Price - Test L4M4 Questions Vce

L4M4 Latest Exam Price - Test L4M4 Questions Vce

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Tags: L4M4 Latest Exam Price, Test L4M4 Questions Vce, L4M4 Valid Test Fee, L4M4 Pdf Demo Download, L4M4 Practice Braindumps

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CIPS L4M4 Exam Syllabus Topics:

TopicDetails
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
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 3
  • Understand the key processes that can be applied to the analysis of potential external suppliers:
Topic 4
  • 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.

CIPS Ethical and Responsible Sourcing Sample Questions (Q17-Q22):

NEW QUESTION # 17
Which of the following is an advantage to the TUPE regulations?

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

Answer: D

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 # 18
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. No, the buyer must make the decision based on the existing information
  • B. No, because a buyer has no leverage over a sole supplier
  • C. Yes, but only if the buyer decides to re-start the tender opportunity
  • 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 # 19
Which award criteria can be applied when sourcing requirements from external suppliers?

  • A. Understanding of supplier operations
  • B. Price and total life-cycle costs
  • C. Delivery promises of goods
  • D. Plans and manpower numbers

Answer: B

Explanation:
Evaluating total life-cycle costs, including initial purchase price and long-term maintenance, aligns with ethical sourcing by promoting cost-effective and sustainable procurement. It ensures value for money and supports environmentally and financially responsible sourcing practices.


NEW QUESTION # 20
Which of the following should be assessed in supplier proposals to check compliance with environmental, social, and governance (ESG) standards? Select THREE that apply.

  • A. The company's criteria for make or buy decisions
  • B. Procedures on intra-company trading
  • C. The company's employee working conditions
  • D. The company's code of ethics
  • E. The financial stability of the company
  • F. The company's policy on carbon emissions

Answer: C,D,F

Explanation:
Employee working conditions, a code of ethics, and a carbon emissions policy are all indicative of a supplier's commitment to ESG standards. Assessing these factors aligns with responsible sourcing practices, which prioritize sustainability and ethical considerations.


NEW QUESTION # 21
Commodities are items which can be traded on the stock exchange. These are generally divided into four categories. What are these four categories?

  • A. energy, agriculture, metals, livestock
  • B. metals, energy, elements and agriculture
  • C. fruit, vegetables, meat and dairy
  • D. chemicals, agriculture, metals and livestock

Answer: A

Explanation:
energy, agriculture, metals, livestock are the four trading categories on the stock exchange. Some-times there's a 5th category added which is 'environmental credits'. This is a fairly new thing and you don't need to know anything about this for this exam.
Question no commodities will mainly centre around characteristics of commodities and factors that affect pricing.
Commodities are discussed much more in detail in L5M4. At level 4 you just need a basic overview.


NEW QUESTION # 22
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