L4M4 VALID PASS4SURES TORRENT & L4M4 USEFUL STUDY VCE

L4M4 valid Pass4sures torrent & L4M4 useful study vce

L4M4 valid Pass4sures torrent & L4M4 useful study vce

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Tags: L4M4 Reliable Exam Answers, L4M4 New Dumps Pdf, Exam L4M4 Details, Exam L4M4 Cram, Exam L4M4 Quizzes

Are you still worried about not passing the L4M4 exam? Do you want to give up because of difficulties and pressure when reviewing? You may have experienced a lot of difficulties in preparing for the exam, but fortunately, you saw this message today because our well-developed L4M4 Exam Questions will help you tide over all the difficulties. As a multinational company, our L4M4 training quiz serves candidates from all over the world.

Our practice exams are designed solely to help you get your L4M4 certification on your first try. A CIPS L4M4 practice test will help you understand the exam inside out and you will get better marks overall. It is only because you have practical experience of the exam even before the exam itself. ExamDumpsVCE offers authentic and up-to-date study material that every candidate can rely on for good preparation. Our top priority is to help you pass the Ethical and Responsible Sourcing (L4M4) exam on the first try. The key to passing the L4M4 exam on the first try is vigorous practice. And that's exactly what you'll get when you prepare from our material. Each format excels in its own way and helps you get success on the first attempt.

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L4M4 New Dumps Pdf, Exam L4M4 Details

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CIPS L4M4 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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.
Topic 2
  • Understand the key processes that can be applied to the analysis of potential external suppliers:
Topic 3
  • This section examines analyzing market data, obtaining quotations
  • tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
Topic 4
  • 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.

CIPS Ethical and Responsible Sourcing Sample Questions (Q124-Q129):

NEW QUESTION # 124
A buyer is responsible for the procurement of metals within the raw materials department. The buyer is preparing for next year's purchase orders and has been asked to confirm the month of order placement. The buyer has found three trends:
* In January and April, the supplier's local currency is stronger
* November typically has the lowest demand
* May typically has the highest demand
Which month should the buyer plan to place the purchase order?

  • A. April
  • B. November
  • C. January
  • D. May

Answer: B

Explanation:
Ordering in November, when demand is lowest, may allow the buyer to secure better pricing and availability, aligning with responsible sourcing by optimizing purchase timing to achieve cost savings and reliable supply.


NEW QUESTION # 125
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.

  • A. It provides evidence of the title of ownership of the goods
  • B. It provides evidence that the goods are fully insured in transit
  • C. It provides evidence of the contract of carriage for the goods
  • D. It provides evidence of the country of origin of the goods
  • E. It provides evidence guaranteeing the use of Incoterms on the goods

Answer: A,C

Explanation:
The bill of lading serves as both a receipt of goods and a document of title, which means it confirms the contract of carriage and can transfer ownership. Responsible sourcing in international trade requires precise documentation, which is why the bill of lading is critical in verifying both carriage and title.


NEW QUESTION # 126
Raja is a procurement manager who is keen to gain further insight into the current marketplace and whether local suppliers are capable to provide a service he is looking to procure. He wishes to test the market before he begins a formal tender process. What should Raja do?

  • A. conduct an open competition
  • B. send out a RFI
  • C. speak with his current suppliers
  • D. send out a RFQ

Answer: B

Explanation:
Raja should send out a RFI- request for information; this will allow him to gain feedback from the marketplace prior to tender.
Speaking only with current suppliers will not provide all the information Raja requires.
He should not send out a request for quotation since he is still conducting market research An open competition would be how he can procure, after he's completed his research


NEW QUESTION # 127
Which of the following payment mechanisms is most beneficial to the buyer?

  • A. sight draft
  • B. open/ credit account
  • C. cash in advance
  • D. term / time draft

Answer: B

Explanation:
Open account (aka credit account) is most beneficial to the buyer. The supplier delivers the goods then the buyer pays.
Cash in advance is most beneficial to the supplier. The buyer pays for the item before receiving it.
This is a known exam topic.


NEW QUESTION # 128
Which of the following are primary sources of data? Select TWO.

  • A. published price lists
  • B. trade fairs and exibits
  • C. market reasearch commissioned by a rival company
  • D. economic indices such as PPI or CPI
  • E. phone calls with current suppliers

Answer: B,E

Explanation:
Primary data includes trade fairs and exhibits, and phone calls to current suppliers. The others are examples of secondary data.
Remember primary= you do it yourself, Secondary = someone else did it.


NEW QUESTION # 129
......

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