Newest L4M4 Dumps (V8.02) – Pass Your CIPS Level 4 Ethical and Responsible Sourcing Exam With Ease

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

2. A buyer in the public sector has put an advert out asking for interested suppliers to express an interest in a potential tender activity to provide a facilities management contract to a hospital trust. The suppliers who have met that criteria are then sent a document detailing how they should submit their tender, how to price the opportunity, asks Questions relating to how they will deliver the service and gives a deadline for bids to be submitted.

Which document have the suppliers ben sent?

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

4. 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

5. 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.

6. 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.

7. In the Public Sector, what is the evaluation criteria most often used when evaluating bids from suppliers?

8. Pierre is constructing a tender for a security contract. As well as cost, he would like to ask the security companies some questions about their health and safety processes and staff qualifications. He has created several questions and weighted these so that they add up to 25. is this the correct thing to do?

9. 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?

10. The gross profit of a company can be calculated by using a simple formula.

What is this?

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

What is share-holder equity?

12. If a company is described as 'liquid' what does this mean?

13. Which of the following would be considered a strategic sourcing activity?

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

15. 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

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

17. Ramesh is a procurement manager who is looking at his supplier base. He is pursuing a sourcing

strategy with the aim of enabling logistical cost reductions. He has made the decision to scale-down

his supplier base and purchase from one supplier.

Which type of sourcing arrangement has Ramesh began?

18. Brooklyn Ltd is a manufacturer of windows and has a single sourcing relationship with their supplier of glass.

What relationship style would be best suited?

19. 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?

20. 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.

21. Greg is doing some research on a potential supplier and is concerned that the supplier's funding is based on long-term debts and loans. Working with this supplier therefore might bring additional risks to Greg's business.

What should Greg do about his concerns?

22. Kiran is appraising some potential suppliers and has noticed that one of these suppliers has an extremely high gearing ratio.

What would this suggest?

23. What would an EBITDA ratio show you?

24. 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?

25. Which of the following is an example of intracompany trading? Select TWO

26. During which stage of the procurement cycle would you remove suppliers that do not add value, or could pose a risk to the buying organisation?

27. 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?

28. Robert is appraising suppliers and is keen to evaluate suppliers' contribution to the community and the environment.

Which of the following should Robert look at?

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

30. 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?

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

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

33. Guillerme is a Category Manager within the procurement department of a Manufacturing company. In his Category there are 200 items he procures, and he has recently undertaken an ABC analysis of these.

Which of the following items would be C category items?

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

What does GDP tell you?

35. FTSE100 and Sensex are examples of what?

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

37. Which of the following are primary sources of data? Select TWO.

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

What are these four categories?

39. When looking at credit scores, a supplier may be classified as a high risk for reasons that are not linked to poor credit.

Which of the following could these be? Select TWO

40. A company's balance sheet will show you which of the following?

41. Which of the following areas of legislative and regulatory requirements prevent the deliberate limiting of supply and the formation of cartels?

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

43. The Freedom of Information Act is a piece of UK legislation which allows members of the public to request information on issues such as public sector sourcing. When a request is made, it is compulsory for the public sector to provide this information to the public.

Is this statement true?

44. What is the best way to prevent potential issues of conflicts of interest?

45. A procurement manager who works in the public sector has received 8 submissions to a tender op-port unity that was advertised on OJEU. The average price submission for the contract was £1m but one supplier has submitted a price of £200,000, which the procurement manager has identified as being 'an abnormally low tender'.

What should be the procurement manager's course of action?