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CIPS Level 4 Diploma in Procurement and Supply Ethical and Responsible Sourcing

Ethical and Responsible Sourcing

Last Update Nov 2, 2025
Total Questions : 282

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Questions 2

A procurement manager analyses total company expenditure on goods and services. What can expenditure by product category or supplier achieve? (Select TWO)

Options:

Provide information on costs and trends for comparison

Help set the organisation’s marketing strategy

Highlight opportunities for negotiating better prices

Provide analysis to help with production planning

Identify how obsolete stock can be disposed of sustainably

Discussion 0

Questions 3

Why do tenders often have longer timescales in the public sector when compared with those of the private sector?

Options:

There is a more detailed debrief requirement in the public sector

There is wider stakeholder involvement in the public sector

All public sector purchases are mandated to use a tendering procedure

Regulation of the public sector usually dictates minimum timescales

Discussion 0

Questions 4

A procurement manager has decided to use a local newspaper to source quotes from external suppliers. Why is it important to advertise tenders? Select TWO that apply.

Options:

To gain tactical sourcing

To gain green procurement

To gain value for money

To avoid complex bids

To gain insights from the market

Discussion 0

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Questions 5

Compared with single sourcing, what is a key advantage to dual or multiple sourcing? Select TWO

Options:

It is easy to drive down costs

There is a risk of failure to supply

Economies of scale

Supplier Loyalty

Low risk of failure to supply

Discussion 0