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Valid CIPS L4M4 Dumps - L4M4 Reliable Test Book

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>> Valid CIPS L4M4 Dumps <<

L4M4 Reliable Test Book, L4M4 Pdf Torrent

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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 the key processes that can be applied to the analysis of potential external suppliers:

Topic 3

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 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.

CIPS Ethical and Responsible Sourcing Sample Questions (Q84-Q89):

NEW QUESTION # 84
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. asset management
B. contract award
C. develop strategy
D. supplier selection

Answer: D

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 # 85
A company has a low gearing of 20%. This shows that the company relies on equity capital and should therefore have less difficulty coping during tough economic times. Is this statement TRUE?

A. Yes- a low gearing ratio means the company's finances are made up of equity rather than debt
B. No- a low gearing suggests that the company is financed by long-term debt rather than equity
C. Yes- a low gearing ratio shows that the business is solvent and can deal with supply chain disruptions easily
D. No- a low gearing shows you that a company isn't likely to be profitable

Answer: A

Explanation:
the correct answer is 'Yes- a low gearing ratio means the company's finances are made up of equity rather than debt'.
Remember low gearing = good (based on equity), high gearing = bad (based on debt). Anything over 50% is considered high.
The two no answers are therefore incorrect and you can discount these straight away. The other yes answer is one of those answers which COULD be true, but isn't always true, and we'd need more information to know for sure. When you get options like this there will be one that is always right and one which is sometimes right - so always pick the always right one.
Dealing with supply chain disruptions is complex, and depending what the disruption is, how big it is, what the industry is etc determines whether a supplier can handle it or not. Because there's more factors to consider than just gearing, this isn't the right answer.

NEW QUESTION # 86
If a company is concerned with ethical sourcing and has concerns about issues such as corruption and modern day slavery within the supply chain, what course of action should they take?

A. Complete Due-Diligence on all new suppliers
B. Only work with suppliers who have a published Anti-Slavery policy
C. Only work with known suppliers
D. Complete formal tenders to find the best suppliers

Answer: A

Explanation:
Completing Due Diligence checks will help guard against concerns about unethical business practices.
Not all companies will have a published Anti-Slavery policy- this is only required for large companies.
Known suppliers might have issues that you don't know about so you should always do due-diligence checks on everyone you work with Formal tenders won't sort out ethical issues unless specifically addressed within the tender and strong contract management is put in place afterwards.

NEW QUESTION # 87
According to the CIPS code of conduct, which laws should a procurement professional adhere to?

A. all international procurement legislation
B. all laws published by international organisations such as ILO
C. all laws within the country they work in
D. all laws within countries they have business and contracts in

Answer: D

Explanation:
The CIPS Code of Conduct says to adhere to all laws of countries in which I practice. So if you're in the UK and procure stuff from China, you need to abide by both UK and Chinese laws, not just UK laws.
There's no international procurement laws- these are all different for different countries.
ILO doesn't publish laws.

NEW QUESTION # 88
Which of the following financial ratios would indicate a supplier's potential exposure risk to a steeprise in inflation?

A. acid test
B. gross profit margin
C. gearing ratio
D. current ratio

Answer: C

Explanation:
The correct answer is 'gearing ratio'.
Gearing measures how much of a company's funding is based on long-term debt or loans- this would be affected by a steep rise in inflation. If a company has a mortgage on their offices or facto-ry and they need to remortgage and inflation has gone up a lot- they'll be paying a lot more on their mortgage. This will severely effect the gearing ratio as they'll have more outgoings than incoming.
Gross profit margin COULD be affected by inflation, for example if you've got hyper-inflation and the country goes into recession and people stop buying your product. However, this answer isn't al-ways right and depends on many factors- the industry, the product, the company etc, so for the purpose of CIPS should be discounted. There are many industries which are immune to inflation.

NEW QUESTION # 89
......

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