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L4M4 Passing Score & L4M4 Sample Questions Answers

The CIPS L4M4 certification exam is a valuable asset for beginners and seasonal professionals. If you want to improve your career prospects then L4M4 certification is a step in the right direction. Whether you’re just starting your career or looking to advance your career, the CIPS L4M4 Certification Exam is the right choice.

CIPS L4M4 Exam Syllabus Topics:

Topic	Details
Topic 1	Understand the key processes that can be applied to the analysis of potential external suppliers:
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 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 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 (Q150-Q155):

NEW QUESTION # 150
An organisation wants to measure its Triple Bottom Line. Which of the following should be considered to help achieve this goal?

A. Innovation and creativity performance
B. Procedure and process performance
C. Financial and environmental performance
D. Quality and lead time and performance

Answer: C

Explanation:
The Triple Bottom Line framework evaluates an organisation's impact on social, environmental, and economic factors. Financial and environmental performance are critical components, along with social metrics, aligning with responsible sourcing goals to promote sustainability and ethical practices.

NEW QUESTION # 151
Which of the following is not a indices that measures economic data?

A. ISO
B. GDP
C. PPI
D. CPI

Answer: A

Explanation:
ISO isn't an indices- it stands for 'International Labour Association'.
The others are all indices that measure economic data; consumer price index, producer price index and gross domestic product.

NEW QUESTION # 152
Brooklyn Ltd is a manufacturer of windows and has a single sourcing relationship with their supplier of glass.
What relationship style would be best suited?

A. non-critical
B. transactional
C. adversarial
D. collaborative

Answer: D

Explanation:
When single sourcing, you should aim to have a collaborative relationship with the supplier. They're the only ones who provide you with glass, which is a vital part of windows. So you need to make sure you have a good relationship with them and work with them to overcome any issues such as supply chain disruptions. If not- you've got no windows to sell!

NEW QUESTION # 153
GDP is an economic index that a procurement professional can use to measure economic data. What does GDP tell you?

A. the monatary value of the goods manufactured in a financial period
B. the value of public limited companies within a country
C. the value of commodities such as steel, oil and wheat at a point in time
D. average changes in price over a year

Answer: A

Explanation:
GDP = gross domestic product = "the monetary value of goods and services manufactured or sup-plied in a financial period". People use it to say whether a country's economy is strong or weak.
Stock markets look at the value of public limited companies within a country.
Commodity indices look at the value of commodities such as steel, oil and wheat at a point in time Average changes in price over a year can be measured by CPI or PPI

NEW QUESTION # 154
Ramesh is an IT category manager within the UK's National Health Service and is responsible for the procurement of a new high-value network system, which will spread across multiple doctors' practices and community health centres. Ramesh has reviewed different tender approaches and concluded that the use of a restricted tender is the most appropriate. Which of the following statements is true for a restricted tender process?

A. Suppliers responding to the tender are pre-qualified
B. It is only relevant when there are few suppliers in the market
C. The contract will be awarded strictly on pricing criteria
D. Direct negotiations occur prior to suppliers submitting their offer

Answer: A

Explanation:
In a restricted tender process, only pre-qualified suppliers are invited to bid, ensuring that participating suppliers have met necessary qualifications. This approach helps in managing high-value contracts by focusing on capable suppliers. Ethical and responsible sourcing in the public sector demands supplier pre- qualification to ensure compliance, transparency, and quality.

NEW QUESTION # 155
......

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100% Pass Quiz Useful CIPS - L4M4 Valid Practice Materials

L4M4 Passing Score & L4M4 Sample Questions Answers

CIPS L4M4 Exam Syllabus Topics:

CIPS Ethical and Responsible Sourcing Sample Questions (Q150-Q155):

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