L4M4 Valid Test Blueprint & L4M4 Simulations Pdf

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CIPS L4M4 Exam Syllabus Topics:

Topic	Details
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	Understand the key processes that can be applied to the analysis of potential external suppliers:
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 (Q151-Q156):

NEW QUESTION # 151
Which of the incoterms listed are suitable for transporting goods via train?

A. EXW
B. FAS
C. FOB
D. CRF

Answer: A

Explanation:
EXW- exworks is a suitable incoterm for transporting goods both by rail and boat. It can be used regardless of the mode of transport.
The other three are for transport over water. P. 143 Shipping Incoterms: the Complete Guide - Guided Imports Some students report a lot of questions on Incoterms in the exam, some say they only had 1. Best bet is to learn them if you possibly can.

NEW QUESTION # 152
In a negotiation, a supplier does not want to upset or offend the buyer, so concedes their own requirement in order to ensure harmony. Which negotiation tactic is the supplier using?

A. accommodating
B. competitive
C. compromising
D. collaborative

Answer: A

Explanation:
This is accommodating: the supplier puts the buyer's interest above his own.
This is from the Thomas Killman model of conflict resolution. There are 5 strategies; competitive, collaborative, avoiding, accommodating and compromising. In the study guide it doesn't mention the name of the model but you do need to know the 5 strategies. The model comes up a lot in other modules so is a good one to learn. Particularly L5M1 which is about management theory.

NEW QUESTION # 153
Commodities are items which can be traded on the stock exchange. These are generally divided into four categories. What are these four categories?

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

Answer: C

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 # 154
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. transactional
B. collaborative
C. adversarial
D. non-critical

Answer: B

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 # 155
What is the best way to prevent potential issues of conflicts of interest?

A. do not hire family members
B. create a risk register
C. openly declare potential conflicts
D. do not work with suppliers who have relationships with the procurement team

Answer: C

Explanation:
The best way to deal with potential Conflicts of Interest is to openly declare these. Just because you have a relationship with someone doesn't mean this is going to be an issue or lead to fraud, but it is a good idea to keep a written record of these.
It wouldn't be a risk register, because how can you rate someone's risk of doing something dodgy? Risk registers are for objective risks such as Health and Safety.

NEW QUESTION # 156
......

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Carl Bell Carl Bell

Biography

L4M4 Valid Test Blueprint & L4M4 Simulations Pdf

L4M4 Simulations Pdf, Latest L4M4 Test Questions

CIPS L4M4 Exam Syllabus Topics:

CIPS Ethical and Responsible Sourcing Sample Questions (Q151-Q156):

Get Answers to All Your Questions You Might Have

Get Free Consultation!

Blog

Carl Bell Carl Bell

Biography

L4M4 Valid Test Blueprint & L4M4 Simulations Pdf

L4M4 Simulations Pdf, Latest L4M4 Test Questions

CIPS L4M4 Exam Syllabus Topics:

CIPS Ethical and Responsible Sourcing Sample Questions (Q151-Q156):

Get Answers to All Your Questions You Might Have

Get Free Consultation!