Absolutely Updated L4M4 Exam Dumps (V11.02) from DumpsBase for Learning: Read L4M4 Free Dumps (Part 3, Q81-Q100) Today

1. The bill of lading is one of the main documents associated with sea freight within international sourcing.

Which of the following statements represent some of the uses of the bill of lading? Select TWO that apply.

2. Achieving the 'five rights of procurement' is one of the key objectives of procurement managers.

Which of the following are not considered one of the 5 rights? Select TWO.

3. 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?

1. Financial stability

2. Supplier reliability

3. Market demand

4. Negotiation styles

4. As a procurement officer for a large organisation, a supplier approaches you on social media offering to take you out for dinner to discuss a recent open opportunity and mentions a financial reward if

you help them win the business. You accept the invite.

Was this the right thing to do?

5. Which of the following are remedial actions that may be undertaken by the purchasing organisation following a supplier audit? Select the TWO that apply.

6. An organisation wants to measure its Triple Bottom Line.

Which of the following should be considered to help achieve this goal?

7. Which of the following would you use to determine the outcome of a competitive tender? Select TWO.

8. Which of the following should be assessed in supplier proposals to check compliance with environmental, social, and governance (ESG) standards? Select THREE that apply.

9. Curly Cake Incorporated makes lots of different types of confectionary items. Although they are most famous for their cakes, they also have a smaller line of cereal bars and biscuits.

Which of the following would be the most appropriate items for Curly Cake Incorporated to outsource? Select TWO

10. 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

11. What type of relationship should a buyer seek when making strategic sourcing for their business?

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

13. 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?

14. Liquidity is a solvency measure which determines whether an organisation is able to pay its debt.

Which of the following would you use to assess a supplier's liquidity? Select TWO.

15. When evaluating a supplier's proposal in relation to ESC (Environmental, Social, Governance, and ethical elements), it is common to send questionnaires to suppliers requesting information, which can later be scored.

Which of the following questions would be assessing any of the ESC criteria?

1. Could you provide details on your manufacturing and raw material costs as part of an open-book pricing contract?

2. How do you promote equal opportunity for your employees, customers, and suppliers?

3. What is the annual turnover and profitability of your company?

4. Does your company have an anti-bribery policy?

16. 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?

1. Capacity

2. Control

3. Compatibility

4. Commodity

17. A buyer for a large manufacturing organisation is assessing a sole supplier tender opportunity. The buyer is finding it challenging to differentiate the proposals on unit purchase price.

Are there any added values that the procurement manager can use to leverage the sole supplier proposal?

18. In which circumstances would a procurement manager effectively use competitive tendering for the award of contracts?

19. When assessing social responsibility elements of a supplier's proposal, what type of supporting evidence could a supplier provide?

20. What course of action should be taken when an audit of a supplier identifies evidence of human rights malpractice?