CIPS L4M4 Übungsprüfungen
Zuletzt aktualisiert am 25.04.2025- Prüfungscode: L4M4
- Prüfungsname: Ethical and Responsible Sourcing
- Zertifizierungsanbieter: CIPS
- Zuletzt aktualisiert am: 25.04.2025
Damian is a procurement professional in the Public Sector. He has recently run a competition to source new uniforms for hospital staff and has decided on a suitable supplier.
Should Damian con-duct post tender negotiation with the supplier?
- A . yes- post-tender negotiation may result in a lower price and thus better value for money
- B . yes- all tender processes should include post-tender negotiation
- C . no- this isn’t necessary as Damian has selected the most appropriate supplier
- D . no- it would be against the law for Damian to do this
A buyer has been tasked with placing an order for steel from another country and using Incoterms for the delivery. The buyer’s organisation has an in-house transportation and export clearance department. During negotiations, the buyer achieved a 25% cost reduction by accepting responsibility to arrange loading, transportation, and export clearance.
Which Incoterm has been agreed?
- A . CIP – Carriage and Insurance Paid
- B . FOB – Free on Board
- C . FCA – Free Carrier
- D . EXW – Ex Works
Sourcing aims to achieve the best value for money by taking into account several factors. Freddy is sourcing a new component for his company which manufactures tractors. Should Freddy take into consideration ethics and sustainability?
- A . yes- ethics and sustainability form part of ‚value for money‘
- B . yes- ethics and sustainability show that the products are fit for purpose
- C . no- ‚value for money‘ is concerned with achieving the lowest price
- D . no- ‚value for money‘ only concerns price and if the product is fit for purpose
Sourcing aims to achieve the best value for money by taking into account several factors. Freddy is sourcing a new component for his company which manufactures tractors. Should Freddy take into consideration ethics and sustainability?
- A . yes- ethics and sustainability form part of ‚value for money‘
- B . yes- ethics and sustainability show that the products are fit for purpose
- C . no- ‚value for money‘ is concerned with achieving the lowest price
- D . no- ‚value for money‘ only concerns price and if the product is fit for purpose
It is important that buyers take an approach that is reasonable and fair when selecting suppliers to work with.
Which of the following is a voluntary document which can help procurement professionals treat suppliers respectfully?
- A . EU Procurement Directive 2014
- B . CIPS Code of Conduct
- C . ISO 9001
- D . ILO is an organization
It is important that buyers take an approach that is reasonable and fair when selecting suppliers to work with.
Which of the following is a voluntary document which can help procurement professionals treat suppliers respectfully?
- A . EU Procurement Directive 2014
- B . CIPS Code of Conduct
- C . ISO 9001
- D . ILO is an organization
Why is it important, when awarding high-value contracts, for a buyer to conduct a financial assessment of a supplier?
- A . The buyer must ensure continuity of supply because financial problems of a supplier could affect the supply
- B . Financial assessments provide a holistic view of a company’s capability, including quality and delivery performance
- C . A supplier who is highly profitable will be charging prices higher than the average market rate
- D . If a supplier has a high credit score, this means it pays its own suppliers late, which could result in stock outs
Which of the following are secondary research sources that can be used when investigating markets and suppliers? Select THREE that apply.
- A . Professional magazines
- B . Focus groups
- C . Economic indices
- D . Supplier websites
- E . Direct conversations
- F . Supplier interviews
Negotiation styles
- A . 1 and 2 only
- B . 2 and 3 only
- C . 3 and 4 only
- D . 1 and 4 only
What type of relationship should a buyer seek when making strategic sourcing for their business?
- A . transactional
- B . collaborative
- C . arms-length
- D . partnership