VALID L4M4 CERTIFICATION EXAM DUMPS FOR PASSING L4M4 EXAM PREPARATION

Valid L4M4 Certification Exam Dumps for Passing L4M4 Exam Preparation

Valid L4M4 Certification Exam Dumps for Passing L4M4 Exam Preparation

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Tags: L4M4 Certification Exam Dumps, L4M4 Valid Exam Dumps, Reliable L4M4 Test Prep, Reliable L4M4 Braindumps Book, Cheap L4M4 Dumps

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CIPS L4M4 Exam Syllabus Topics:

TopicDetails
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 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
  • 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.

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There are a lot of free online resources to study for the Ethical and Responsible Sourcing L4M4 certification exam. Some of these resources are free, while others require payment for access. you've downloaded a free CIPS dumps, and DumpsKing offers 365 days updates. Ethical and Responsible Sourcing L4M4 price is affordable.

CIPS Ethical and Responsible Sourcing Sample Questions (Q162-Q167):

NEW QUESTION # 162
A procurement manager of a medium-sized company has suggested to their executive board that implementing an ISO environmental standard would improve procurement practices and reduce environmental and social impacts. However, some colleagues are concerned about the potential complexity and supplier resistance. Should the company go ahead with the recommendation?

  • A. Yes, as it would align with, and help to achieve, sustainability goals
  • B. No, because ISO standards are only relevant to large organisations
  • C. No, ISO standards are too complex for staff and suppliers to understand and follow
  • D. Yes, implementation would guarantee that the company is compliant with all environmental laws

Answer: A

Explanation:
Adopting ISO environmental standards aligns procurement practices with sustainability goals and helps reduce environmental and social impacts. Although implementing ISO standards may require initial adjustments, they foster long-term benefits by promoting responsible and ethical sourcing practices across the supply chain.


NEW QUESTION # 163
Which of the following is an advantage to the TUPE regulations?

  • A. Value for money for the buying organisation
  • B. Continuity of supply for the buying organisation
  • C. Increase in buyer power
  • D. Reduced overheads for the buying organisation

Answer: B

Explanation:
Continuity of supply for the buying organisation is an advantage of TUPE regulations.
TUPE is the Transfer of Undertakings (Protection of Employment). It's when the workforce / em-ployees of one company go to work for another one, usually after their company is bought out. They're transferred to the new company along with the furniture and buildings.
TUPE is UK specific. You don't need to know too much details about it for this exam - just what it is and the benefits. The main benefit is people don't lose their jobs when their company gets bought out. Basic guide to TUPE (pinsentmasons.com)


NEW QUESTION # 164
When conducting a competitive tender, is it appropriate to use a supplier's credit rating as a criteria for pre-section?

  • A. no- because a low rating would not affect the quality of the products supplied
  • B. yes- because a low rating would indicate the supplier is financially unstable
  • C. yes- because a low rating would have a negative impact on the company's reputation
  • D. no- because a low credit rating would have a negative impact on the supply chain

Answer: B

Explanation:
The correct answer is 'yes- because a low credit rating would indicate the supplier is financially un-stable'.
The two options beginning with no should automatically be discounted. The other option is incor-rect because credit ratings are private and would therefore not affect reputation.


NEW QUESTION # 165
What type of ratio is used to measure a company's ability to meet its short-term financial obligations, specifically focusing on its ability to convert assets into cash to cover current liabilities?

  • A. Earnings per share
  • B. Liquidity ratio
  • C. Profitability ratio
  • D. Dividend per share

Answer: B

Explanation:
Liquidity ratios, such as the current and quick ratios, evaluate a company's ability to meet short-term liabilities with current assets. This metric is crucial for assessing a supplier's financial stability, ensuring continuity and reliability in the supply chain, which aligns with ethical and responsible sourcing principles.


NEW QUESTION # 166
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. tax
  • B. total life cycle costs
  • C. tariffs
  • D. exchange rate
  • E. batch quantities

Answer: C,D

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


NEW QUESTION # 167
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