CIPS L4M4 Exam Dumps (V11.02): Read L4M4 Free Dumps (Part 1, Q1-Q40) to Check the Quality of the Updated Materials

1. The sourcing process is considered to include the initial stages of the generic procurement cycle, up to the stage where the contract is awarded to the successful bidder. The stages in the sourcing process may include ...

2. GDP is an economic index that a procurement professional can use to measure economic data.

What does GDP tell you?

3. Why is it important, when awarding high-value contracts, for a buyer to conduct a financial assessment of a supplier?

4. 1.What is the best way to demonstrate that your organisation does not tolerate bribery and corruption?

5. Which of the following can be undertaken by the buyer in relation to the governance of a supplier's ethical and sustainable behaviours?

1. Review the insurance clauses in the contract

2. Check that the supplier's internal policies are up to date

3. Check the supplier's conflict of interest register for their contract

4. Review the non-disclosure agreement for their contract

6. A balance sheet will show a company's assets, liabilities and shareholder equity.

What is share-holder equity?

7. A procurement manager of a medium-sized company has suggested to their executive board that implementing an ISO environmental standard would improve procurement practices and reduce environmental and social impacts. However, some colleagues are concerned about the potential complexity and supplier resistance.

Should the company go ahead with the recommendation?

8. A company has a requirement for an item that has been identified as strategic on the positioning model. The company needs to invite competitive tenders and ensure the selected supplier of this item is in a good financial position.

What should the company ask the suppliers to send to show that their current assets cover their current liabilities?

9. What would an EBITDA ratio show you?

10. If a commodity index shows that the price of a commodity is continually rising, what does this indicate about the market?

11. A buyer has been working with their business managers on a tender. The buyer is now assessing the tender proposals from the external market.

Is it good practice for the procurement buyer to make sourcing recommendations?

12. Which of the following are considerations when evaluating quality as a criterion for supplier selection? Select TWO that apply.

13. When conducting a competitive tender, is it appropriate to use a supplier's credit rating as a criteria for pre-section?

14. FTSE100 and Sensex are examples of what?

15. In which instance would multiple sourcing be the most applicable approach?

16. In which instance would multiple sourcing be the most applicable approach?

17. The procurement team at Grape Juice Limited often use a weighted point system when ap-praising potential suppliers.

What is a disadvantage of using a weighted point system?

18. What are some of the benefits of conducting unscheduled supplier audits? Select TWO that apply.

19. Which models would be appropriate for analysis of the supply market?

1. Porter's Five Forces

2. Porter’s Value Chain

3. STEEPLED

4. Ishikawa Fishbone

20. A company has a low gearing of 20%. This shows that the company relies on equity capital and should therefore have less difficulty coping during tough economic times. Is this statement TRUE?

21. Ramesh is an IT category manager within the UK’s National Health Service and is responsible for the procurement of a new high-value network system, which will spread across multiple doctors' practices and community health centres. Ramesh has reviewed different tender approaches and concluded that the use of a restricted tender is the most appropriate.

Which of the following statements is true for a restricted tender process?

22. Which of the following would be a valid reason to make a product inhouse, rather than buy it from a supplier?

23. Tendering is a more formal and regimented process than sending out requests for quotations.

Which of the following are services that are often put out to tender? Select THREE.

24. A buyer has discovered their supplier has taken the passports of some of their workforce. The supplier has offered the buyer a discount against the contract, but the discount only applies if the buyer does not report this finding.

Which ethical concerns should the buyer report to the necessary stakeholders?

1. Fraudulent activity

2. Bribery

3. Modern slavery

4. Breach of confidentiality

25. Which of the following should be considered when calculating ratios relating to a supplier's liquidity?

26. Which of the following is considered as part of ESG?

27. Single sourcing is only used by buyers where the total requirement is too small to justify splitting orders among more suppliers. Is this statement correct?

28. Which of the following are secondary research sources that can be used when investigating markets and suppliers? Select THREE that apply.

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

30. For complex and high value tenders, which document is the most appropriate to send to those suppliers who have already been appraised and deemed suitable?

31. Which of the following financial ratios would indicate a supplier's potential exposure risk to a steeprise in inflation?

32. When assessing the financial performance of a potential supplier, it is important to understand how much gross profit they are making.

The gross profit margin ratio uses which of the following pieces of information from the profit and loss (statement of financial performance)? Select TWO that apply.

33. Commodities are items which can be traded on the stock exchange. These are generally divided into four categories.

What are these four categories?

34. Faisal is a medical equipment maintenance services procurement specialist within a local hospital. Faisal is responsible for ensuring contracts are in place that will ensure operational continuity of high-value pieces such as radiology equipment. When carrying out tender opportunities for these services, Faisal will specify, as an essential requirement, that certain standards are adhered to.

Which of the following is a benefit of incorporating standards as a requirement within a specification?

35. Which of the following is true for CIPS members who sign and comply with the CIPS Code of Conduct? Members can ...

gain an understanding of ethical and successful business operations acquire automatic entitlement to government sponsorship enjoy continued CIPS membership and access to resources bypass the need to comply with other voluntary or legal codes

36. What mechanism helps buying organisations achieve a best value outcome in a tender exercise?

37. Credit rating agencies can assist procurement professionals. Typically, which of the following can be obtained from a credit rating agency report? Select TWO that apply.

38. Which of the following would you expect to find in an Invitation to Tender? Select THREE

39. A public sector buyer has run a competitive tender, for which there were eight bidders. All bidders have met the public sector organisation's minimum standards. In addition, they must also meet several other requirements.

The buyer will make the contract award decision based on which of the following?

40. A procurement manager for a major retail group is using ratio analysis to assess the financial viability of suppliers who have tendered for a logistics services tender. The recommended supplier has a current ratio of 0.6.

What are the potential consequences of awarding the contract to this supplier, given their current ratio is below 1?