L4M4 Practice Questions
Ethical and Responsible Sourcing
Last Update 19 hours ago
Total Questions : 301
Dive into our fully updated and stable L4M4 practice test platform, featuring all the latest CIPS Level 4 Diploma in Procurement and Supply exam questions added this week. Our preparation tool is more than just a CIPS study aid; it's a strategic advantage.
Our free CIPS Level 4 Diploma in Procurement and Supply practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about L4M4. Use this test to pinpoint which areas you need to focus your study on.
In order to assess whether a company is able to meet its current liabilities, which financial ratio should you use?
You have been asked to set some key performance indicators (KPIs) for your local stationery provider and you decide to set the following requirements:
To deliver all orders within a one-hour period
To collect any returns within one hour
Are these KPIs appropriate?
Ramesh is an IT category manager within the UK’s National Health Service and is responsible for the procurement of a new high-value network system, which will spread across multiple doctors' practices and community health centres. Ramesh has reviewed different tender approaches and concluded that the use of a restricted tender is the most appropriate. Which of the following statements is true for a restricted tender process?
What is the best way to demonstrate that your organisation does not tolerate bribery and corruption?
When assessing social responsibility elements of a supplier's proposal, what type of supporting evidence could a supplier provide?
Weighted points systems can be applied to evaluate and compare potential suppliers. For which of the following factors would it be appropriate to use this method?
Financial stability
Supplier reliability
Market demand
Negotiation styles
Pre-qualification of suppliers is used to determine if the suppliers meet the basic requirements of the buying organisation. Which of the following is assessed at the pre-qualification stage?
“Phishing” occurs when an employee receives a false email that appears genuine, exposing the organisation to cybercrime. Which crime category does this fall under?
A buyer is assessing a supplier’s proposal in terms of any added value offered. Which of the following are examples of added value?
The supplier has submitted the lowest price compared to competitors
The supplier is offering solutions to reduce costs in the supply chain
The supplier is committed to reducing plastic and waste in operations
The supplier is personally known by the Operations Director
There are a number of models that can be used to appraise suppliers before commencing a full tendering process. Which of the following could be considered when appraising a supplier?
Capacity
Control
Compatibility
Commodity
