L4M4 Dumps Guide & New L4M4 Exam Topics

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New CIPS L4M4 Exam Topics | New L4M4 Exam Format

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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	This section examines analyzing market data, obtaining quotations tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
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 (Q173-Q178):

NEW QUESTION # 173
Many organisations prefer a multi-sourcing approach because of the advantages it provides. Which of the following might be an advantage of multi-sourcing?

A. It increases process flexibility and switching using a range of approved suppliers
B. It is the only approach that supports the open tendering process
C. It helps the buyer to increase stock varieties to avoid stock-outs
D. It is the only approach that enables the buyer to isolate the best supplier from among many

Answer: A

Explanation:
Multi-sourcing allows organisations to diversify their supply base, providing flexibility, and reducing risk by having multiple suppliers. It is an effective strategy to prevent over-dependence on a single source and allows for competition among suppliers, promoting quality and ethical standards in the supply chain.

NEW QUESTION # 174
Pierre is constructing a tender for a security contract. As well as cost, he would like to ask the security companies some questions about their health and safety processes and staff qualifications. He has created several questions and weighted these so that they add up to 25. is this the correct thing to do?

A. no- the weighting should total 100
B. yes- point systems can be weighted any way a buyer choses so long as this is explained in the ITT
C. yes- 25 is the correct weighting for quality question
D. no- the weighting should total 10

Answer: A

Explanation:
weighted points systems for assessments should add up to 100. This is 100%.
An example is how this would work is
Price = 50%
Health and Safety questions= 30%
Qualifications = 20%

NEW QUESTION # 175
Which of the following would be a valid reason to make a product inhouse, rather than buy it from a supplier?

A. threat of substitutions
B. killset of supplier is higher
C. improved quality control
D. less inventory

Answer: C

Explanation:
One of the biggest advantages to making an item over buying it is 'improved quality control'.
When you make the product yourself, you can set the quality parameters you require and aren't re-stricted to, or dependant on, what the supplier does. The other options are incorrect- making stuff inhouse would mean you hold more inventory. If the supplier has a higher skillset than you, you would outsource. Threat of substitutions wouldn't impact this decision.
For a list of pros and cons relating to the 'make or buy' decision see p.5. This is a hot topic for the exam.

NEW QUESTION # 176
In the Public Sector, what is the evaluation criteria most often used when evaluating bids fromsuppliers?

A. Best Business Fit
B. Most Economically Advantageous Tender
C. Best Value for Money
D. Cheapest Overall Tender

Answer: B

Explanation:
Most Economically Advantageous Tender (MEAT) is the Public Sector's go to evaluation criteria.
NOTE that this is changing from October 2023. Public Sector Procurement is currently based on legislation called PCR 2015 which itself is based on EU Procurement Directives. Now the UK has officially Brexited, we're making our own laws and the new Procurement Bill will be coming into effect in November 2024. One of the major changes is that MEAT is changing to MAT (most ad-vantageous tender - without the economical bit).
If you're sitting this exam until July 2024- you're fine- learn what the study guide says. If you're taking the exam from November 2024 I'm not sure what students are expected to do. The entire section on public sector procurement is incorrect for you. My best guess is CIPS may remove questions this section as the study guide will be wrong, but I really don't know how they plan to handle this.
The new Procurement Bill - MEAT to MAT - Hempsons - Hempsons

NEW QUESTION # 177
Phishing is a type of fraud that is commonly associated with which industry?

A. IT
B. Agriculture
C. Mining
D. Construction

Answer: A

Explanation:
Phishing is a type of fraud where IT users are sent a link (usually by email) which exposes them to activities of expert cybercriminals.

NEW QUESTION # 178
......

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L4M4 Dumps Guide & New L4M4 Exam Topics

New CIPS L4M4 Exam Topics | New L4M4 Exam Format

CIPS L4M4 Exam Syllabus Topics:

CIPS Ethical and Responsible Sourcing Sample Questions (Q173-Q178):

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