CIPS L4M4 Reliable Test Testking, Valid Dumps L4M4 Sheet

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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 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.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q174-Q179):

NEW QUESTION # 174
Which of the following would be a valid reason to make a product inhouse, rather than buy it from a supplier?

A. threat of substitutions
B. killset of supplier is higher
C. improved quality control
D. less inventory

Answer: C

Explanation:
One of the biggest advantages to making an item over buying it is 'improved quality control'.
When you make the product yourself, you can set the quality parameters you require and aren't re-stricted to, or dependant on, what the supplier does. The other options are incorrect- making stuff inhouse would mean you hold more inventory. If the supplier has a higher skillset than you, you would outsource. Threat of substitutions wouldn't impact this decision.
For a list of pros and cons relating to the 'make or buy' decision see p.5. This is a hot topic for the exam.

NEW QUESTION # 175
What is a major benefit to using Incoterms when sourcing goods internationally?

A. it ensures ethical business practices
B. it ensures value for money
C. it replaces the need for insurance
D. it replaces lengthy contractual clauses

Answer: D

Explanation:
Incoterms can replace lengthy contract clauses as they replace the need for contracts to detail which party is responsible for organising transport, paying duties, having the insurance etc.
Incoterms is an odd one for exam topics- some students say it was a huge part of their exam and there were many questions on this. Others said there were just one or two. Questions get randomly assigned from the bank so it's completely random how many you'll get on this topic.

NEW QUESTION # 176
Sourcing products internationally involves extra considerations when looking at the price of the item. Which of the following are additional price considerations for international sourcing? Select TWO

A. batch quantities
B. exchange rate
C. tax
D. total life cycle costs
E. tariffs

Answer: B,E

Explanation:
Exchange rates and tariffs are associated with international sourcing.
The other options are concerns for both local sourcing and international sourcing.

NEW QUESTION # 177
Mark is an audio visual category buyer in the public sector and is looking to purchase a large quantity of interactive screens for medical lecture rooms across a university campus. Mark expects this to cost in excess of £950,000 and suggests to his user group that a competitive tendering process should take place. Was this the right approach?

A. Yes, as all public sector procurement should go through a competitive tendering process
B. No, because the competitive tendering process will be time-consuming for the university
C. Yes, because the anticipated value requires a competitive tendering process to take place
D. No, competitive tendering should only be used when the value justifies the resources required

Answer: C

Explanation:
In the public sector, procurement activities exceeding certain financial thresholds are required to undergo competitive tendering processes. The anticipated expenditure of £950,000 surpasses the threshold that mandates a formal tendering procedure to ensure compliance with public procurement regulations, promote competition, and achieve value for money.
Exact Extract from Study Guide:
"Public sector procurement activities that exceed specified financial thresholds must follow formal competitive tendering procedures to ensure transparency and compliance with regulations."

NEW QUESTION # 178
Which of the following are considerations when evaluating quality as a criterion for supplier selection? Select TWO that apply.

A. The existence of policies and initiatives toward more sustainable packaging and materials
B. The existence of Total Quality Management (TQM) and a continuous improvement culture
C. The supplier's environmental impact analysis
D. Certification to the management system ISO 14001
E. Certification to the management system ISO 9001

Answer: B,E

Explanation:
Total Quality Management (TQM) practices and ISO 9001 certification are indicators of a supplier's commitment to quality. Responsible sourcing evaluates these factors to ensure suppliers meet high-quality standards and continuous improvement expectations.

NEW QUESTION # 179
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CIPS L4M4 RELIABLE TEST TESTKING, VALID DUMPS L4M4 SHEET

CIPS L4M4 Reliable Test Testking, Valid Dumps L4M4 Sheet