Pass the CIPS CIPS Level 4 Diploma in Procurement and Supply L4M4 Questions and answers with CertsForce

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Questions # 11:

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

Options:

A.

acceptable lead times


B.

amount of product competition


C.

expected changes in the marketplace


D.

exact costs of the item he's procuring


E.

samples of the product


Questions # 12:

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?

Options:

A.

Standards provide clear guidelines and remove the risk of ambiguity


B.

Standards will mirror the buyer's requirements in its entirety


C.

Standards will ensure suppliers meet all the buyer's requirements


D.

Standards will ensure low pricing is submitted in the tender response


Questions # 13:

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

Options:

A.

the company is funded on equity rather than debt


B.

the company spends a lot of money


C.

the company is highly profitable


D.

the company has enough money to pay short-term liabilities


Questions # 14:

Why is it important to consider factors such as environmental, social, governance, and ethics (ESG) when analysing tenders?

    To ensure adherence to sustainability initiatives

    To improve process workflow

    To perform supplier spend and monitoring

    To identify potential risks within the supply chain

Options:

A.

1 and 2 only


B.

2 and 3 only


C.

3 and 4 only


D.

1 and 4 only


Questions # 15:

Henry is importing cheese from South East Asia into the UK. He is doing some research on the costs and risks of this and has discovered that the product may be considered of 'non-preferential origin'. What implications would this mean for Henry?

Options:

A.

he will require insurance


B.

the goods are subject to tariff quotas


C.

there are no duty charges or limitations


D.

the goods are banned in the UK


Questions # 16:

The procurement team received an urgent request from the business to source quotations for pestcontrol services. The team decided to use a local newspaper to advertise the requirements. Was this an appropriate approach to use in the circumstances?

Options:

A.

Yes, so that the local pest control sector can decide between them who should bid


B.

No, because they might receive too many irrelevant proposals which may delay the assessing process


C.

No, because international vendors must also be notified of the opportunity


D.

Yes, they must seek as many bids as possible, even if it takes longer


Questions # 17:

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?

Options:

A.

Request for Quotation


B.

Invitation to Tender


C.

Invitation to Quote


D.

Request for Tender


Questions # 18:

Which is an example of a criterion for supplier selection during a tender for a hospital build to demonstrate the people element of the 'triple bottom line'?

Options:

A.

Specifications are designed with appropriately certified materials


B.

Demonstrated commitment to a labour industry code of conduct


C.

Project plan is designed to use reverse logistics


D.

Building design is thermal efficient to meet carbon trust targets


Questions # 19:

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?

Options:

A.

ESG Policy


B.

Anti-Slavery Policy


C.

ISO9001


D.

ISO27000


Questions # 20:

Mark is a category manager responsible for buying large pieces of laboratory equipment in the public (government) sector. Which of the following Incoterms would ensure that an overseas supplier is responsible for paying all delivery costs, including import duties and taxes for these goods?

Options:

A.

FAS


B.

EXW


C.

DPU


D.

DDP


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