Cips dumpsboss changed L4m4 Exam Questions by Rayyan q0 vce pdf

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Exam Name:	Ethical and Responsible Sourcing
Exam Code:	L4M4 Dumps
Vendor:	CIPS	Certification:	CIPS Level 4 Diploma in Procurement and Supply
Questions:	217 Q&A's	Shared By:	rayyan

Question 32

Which award criteria can be applied when sourcing requirements from external suppliers?

Options:

Delivery promises of goods

Price and total life-cycle costs

Plans and manpower numbers

Understanding of supplier operations

Discussion

Question 33

How can a buyer monitor a supplier's ethical workforce standards throughout a long-term contract?

Options:

Check the International Labour Organisation's database regularly for information specifically about that supplier

Request a completed self-assessment by the supplier on a monthly basis

Commission periodic audits by specialist third parties to highlight any malpractice

Contact management directly on a periodic basis, as stipulated in contract terms

Discussion

Question 34

A buyer might opt to do an 'Invitation to Tender' rather than a 'Request for Quotation' process because ...

Options:

The supplier market is an oligopoly where there are a few large suppliers dominating the market

Time is of the essence, and decisions need to be made quickly without additional stakeholder involvement

The contract will be low value and there are many suppliers, so a simpler approach is required

The nature of the goods or services being purchased is complex and high value

Discussion

Question 35

Azram is a facilities category buyer within the UK police force and is managing an overseas sourcing project for police uniform and personal protective equipment. Azram is of the opinion that international sourcing will help deliver much-needed financial savings, which can be utilized in other areas of the UK police force. Azram is aware that exchange rate fluctuations can create risk for his organisation. How can Azram remove this risk?

Options:

Evaluate international supplier’s financial accounts

Carry out a competitive tender exercise

Request to use the exchange rate applicable at the time of delivery

Ask suppliers to quote in GBP Sterling

Discussion

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