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CIPS L4M4 Exam With Confidence Using Practice Dumps

Exam Code:
L4M4
Exam Name:
Ethical and Responsible Sourcing
Vendor:
Questions:
180
Last Updated:
Jan 23, 2025
Exam Status:
Stable
CIPS L4M4

L4M4: CIPS Level 4 Diploma in Procurement and Supply Exam 2024 Study Guide Pdf and Test Engine

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Ethical and Responsible Sourcing Questions and Answers

Question 1

Steff is a procurement manager at Giant Buttons Ltd who are considering offshoring a small section of their manufacturing operations. Which of the following is a risk of offshoring that Steff should consider.

Options:

A.

importation rules and tariffs

B.

exportation rules and tariffs

C.

payments by electronic bank transfer

D.

lower operating costs

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Question 2

Yolo Inc. have recently run a tender opportunity to find a suitable supplier of yoyos and they have received a number of bids. The supplier will become a strategic partner to the business as yoyos are vital to the success to Yolo Inc. The tender asked for both price submissions and had a number of quality questions. Eamon is the Procurement Manager of Yolo Inc and is responsible for selectingthe most appropriate supplier. How should Eamon appraise the bids?

Options:

A.

evaluate the bids himself as this is a complex requirement

B.

evaluate the bids himself as this is a strategic purchase

C.

organise a cross-functional team to assess the bids as people from other departments may have important information and experience of yoyos

D.

organise a cross-functional team of procurement personnel as they will have experience in assessing price and quality of bids

Question 3

Which of the following are reasons to outsource part of a business to an external supplier? Select TWO.

Options:

A.

the product or service is core to the organisation

B.

there are more resources in-house

C.

overheads can be kept as effective as possible

D.

the reduction in the need to continually invest in new machinery