L4M4 DOWNLOAD DEMO & L4M4 VALID PRACTICE MATERIALS

L4M4 Download Demo & L4M4 Valid Practice Materials

L4M4 Download Demo & L4M4 Valid Practice Materials

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Tags: L4M4 Download Demo, L4M4 Valid Practice Materials, Pass4sure L4M4 Pass Guide, L4M4 Exam Learning, Latest L4M4 Dumps Book

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If you are looking to be CIPS L4M4 certified. RealVCE is here to provide you with the best Ethical and Responsible Sourcing (L4M4) exam dumps through which you can clear your Ethical and Responsible Sourcing (L4M4) certification exam. We are providing practice exams in three formats including PDF which is the downloadable file from which you can study for your Ethical and Responsible Sourcing (L4M4) exam questions and our Web-based application provides you the facility to assess yourself without installing any software on your device to prepare you for Ethical and Responsible Sourcing (L4M4)exam dumps.

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Free PDF Quiz 2025 CIPS Professional L4M4 Download Demo

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CIPS L4M4 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understand the key processes that can be applied to the analysis of potential external 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 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.

CIPS Ethical and Responsible Sourcing Sample Questions (Q78-Q83):

NEW QUESTION # 78
Greg is doing some research on a potential supplier and is concerned that the supplier's funding is based on long-term debts and loans. Working with this supplier therefore might bring additional risks to Greg's business. What should Greg do about his concerns?

  • A. work out the supplier's EBITDA
  • B. use the Return on Investment Ratio
  • C. work out the supplier's gearing ratio
  • D. do an Acid Test

Answer: C

Explanation:
Greg needs to use a gearing ratio. Gearing is a measure of how the business is being funded and is based on the ratio of debt to equity Gearing comes up a lot in the exam. Also make sure you know what Return on Investment, Acid Test and EBITDA are.
Return on Investment (ROI): How to Calculate It and What It Means (investopedia.com) EBITDA: Definition, Calculation Formulas, History, and Criticisms (investopedia.com) Acid-Test Ratio: Definition, Formula, and Example (investopedia.com)


NEW QUESTION # 79
Under what circumstances can a buyer reduce timescales for a tender in the Public Sector?

  • A. when the tender is of low value
  • B. if there are fewer than 5 bidders
  • C. if tenders are received by electronic submission exclusively
  • D. if the competition is restricted

Answer: C

Explanation:
If tenders are received by electronic submission exclusively, the buyer can reduce the timescale. On average the time for a standard tender submission can be reduced by 5 days if bids are submitted electronically.
*Note* this is based off current PCR Regs 2015 which are being superseded in October 2024 by new legislation. We currently don't know what the new regs will say on this. If it's different, my best guess is CIPS will remove any question about it from their exam- because the study guide would be wrong and that would lead to complaints.


NEW QUESTION # 80
During which stage of the procurement cycle would you remove suppliers that do not add value, or could pose a risk to the buying organisation?

  • A. contract award
  • B. supplier selection
  • C. asset management
  • D. develop strategy

Answer: B

Explanation:
At supplier selection stage, unsuitable suppliers should be removed (those that do not add value or pose a risk). At develop strategy stage you're not even looking at suppliers yet- you're just deciding what you need.
At contract award and asset management it's too late.
CIPS procurement cycle - Procurement Supply Cycle | CIPS


NEW QUESTION # 81
Which of the following payment mechanisms is most beneficial to the supplier?

  • A. sight draft
  • B. letter of credit
  • C. open account
  • D. cash in advance

Answer: D

Explanation:
cash in advance is the most beneficial to a supplier.
Open account /credit account is the most beneficial to the buyer. Learn this as it's a known exam topic.


NEW QUESTION # 82
Robert is appraising suppliers and is keen to evaluate suppliers' contribution to the community and the environment. Which of the following should Robert look at?

  • A. ISO9001
  • B. ESG Policy
  • C. Anti-Slavery Policy
  • D. ISO27000

Answer: B

Explanation:
Robert should look at the supplier's ESG policy. This stands for Environmental Social Governance. So covers both his requirements for community (social) and environmental factors.
ISO 9001 is about Quality Management and ISO27000 about Information Security so these are in-correct answers. An Anti-Slavery Policy would not discuss the environment.


NEW QUESTION # 83
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