Free CIPS L4M4 Exam Dumps Questions & Answers

Which of the following financial documents would show whether a supplier has sufficient funds to pay their subcontractors in the short term?

• A.ESG policy
• B.cash flow statement
• C.balance sheet
• D.profit and loss account

A buyer is considering trading with a new overseas supplier and wants to assess anti-bribery risks in that country. Which information sources would be useful? (Select TWO)

• A.United Nations Sustainable Development Goals (UNSDGs)
• B.International Court of Arbitration (ICC)
• C.Transparency International (TI)
• D.Local Anti-Corruption Legislation
• E.International Standards Organisation (ISO)

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

• A.Supplier Loyalty
• B.There is a risk of failure to supply
• C.Economies of scale
• D.It is easy to drive down costs
• E.Low risk of failure to supply

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 be used across multiple doctors'practices and community health centres. Ramesh has reviewed the different tender approaches and has concluded that the use of a restricted tender is the most appropriate. Which of the following statements is true for a restricted tender process?

• A.It is only relevant when there are few suppliers in the market
• B.Suppliers responding to the tender are pre-qualified
• C.Direct negotiations occur prior to suppliers submitting their offer
• D.The contract will be awarded strictly on pricing criteria

Using a weighted scorecard to assess and compare supplier proposals is beneficial for which of the following reasons?

• A.It increases bias towards suppliers who otherwise might not have been awarded the contract
• B.Deciding on what score to give each criterion is subjective and can avoid transparency in the selection process
• C.The focus on price simplifies the assessment process, making it easier to select the lowest cost supplier
• D.It provides an objective and consistent approach to evaluating bids and ensures that best value for money is achieved