L4M4 Simulated Test & New L4M4 Braindumps Ebook

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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 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.
Topic 3	Understand the key processes that can be applied to the analysis of potential external suppliers:
Topic 4	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.

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CIPS Ethical and Responsible Sourcing Sample Questions (Q39-Q44):

NEW QUESTION # 39
A Bill of Exchange is an important document used when importing goods into a country from abroad. What is the purpose of this document?

A. explains which tariffs apply to the goods
B. details who is responsible for the insurance of the goods during transit
C. specifies the country of origin of the goods
D. details payment instructions

Answer: D

Explanation:
A Bill of Exchange is a payment instruction - it says who will pay whom and when.
Bill of Exchange Definition: Examples and How It Works (investopedia.com)

NEW QUESTION # 40
The procurement manager has received the following data from the supplier's accounts to facilitate the calculation of the supplier's current ratio:
Current Assets: Stock $200; Debtors $60; Cash $40; Total $300
Short Term Liabilities: Bank overdraft $150
Which calculation will the procurement manager use to find out the current ratio?

A. 300÷150300 ÷ 150300÷150
B. 300÷200×150300 ÷ 200 × 150300÷200×150
C. (300#200#150)×100(300 - 200 - 150) × 100(300#200#150)×100
D. (300#150)×100(300 - 150) × 100(300#150)×100

Answer: A

Explanation:
The current ratio is calculated by dividing total current assets by total current liabilities. Here, dividing $300 by $150 gives a current ratio of 2.0, indicating that the supplier has adequate current assets to cover its short- term obligations, an important factor in supplier evaluation.

NEW QUESTION # 41
Which of the following incoterms has the lowest risk to the buyer?

A. carriage and insurance paid to
B. free on board
C. exworks
D. delivered duty paid

Answer: D

Explanation:
The lowest risk to the buyer is 'delivered duty paid'. This is because the supplier does all the work transporting the items to the buyer's premises. Incoterms_2020_chart | Intersped

NEW QUESTION # 42
In a negotiation, a supplier does not want to upset or offend the buyer, so concedes their own requirement in order to ensure harmony. Which negotiation tactic is the supplier using?

A. accommodating
B. competitive
C. collaborative
D. compromising

Answer: A

Explanation:
This is accommodating: the supplier puts the buyer's interest above his own.
This is from the Thomas Killman model of conflict resolution. There are 5 strategies; competitive, collaborative, avoiding, accommodating and compromising. In the study guide it doesn't mention the name of the model but you do need to know the 5 strategies. The model comes up a lot in other modules so is a good one to learn. Particularly L5M1 which is about management theory.

NEW QUESTION # 43
Luke has sent out a Request for Information to test the waters of the supply market for a new product he is sourcing. He has received a high number of detailed documents back from suppliers. Which of the following is Luke now likely to know about the marketplace? Select THREE

A. expected changes in the marketplace
B. acceptable lead times
C. samples of the product
D. exact costs of the item he's procuring
E. amount of product competition

Answer: A,B,E

Explanation:
The correct answers are; lead times, product competition and changes in the marketplace.
You wouldn't expect to receive samples or costings from a Request for Information - rather, these should be expected as part of the Tender Competition

NEW QUESTION # 44
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