CIPS Diploma L4M4 Ethical Sourcing Practice Questions

Ethical and Responsible Sourcing – The Chartered Institute of Procurement and Supply

A range of multiple-choice-type questions to enable L4M4 examination candidates to practise taking the official assessment in this subject. All Learning Outcomes and sub-Learning Outcomes are covered in this series of practice tests, which are written by Ian Tait BA(Hons) MBA DipPS MCIPS (Chartered), a former Chief Examiner to The Chartered Institute of Procurement and Supply, and a lecturer with over 30 years’ experience of teaching CIPS subjects.

About Ethical and Responsible Sourcing: Procurement is an area of business which is particularly vulnerable to unscrupulous practices. As procurement professionals we deal with the supply market on a daily basis, and this exposes us to risk of ethical temptation – some dishonest potential suppliers will try to win business from our employing organisation on the basis of offering us personal gains (ie bribery) in return for supply contracts. This problem is not restricted to any one geographical marketplace, or any one sector. Corruption is bad for business and bad for economies. This CIPS courses discusses these matters in detail, assisting procurement professionals to understand the issues and how to combat wrongdoing.

Procurement professionals are also in an ideal position to spot and discourage undesirable practices in the supply chain. Exploitation of workers, corruption, modern slavery, fraud, theft, etc can all be found in supply chains and we can actively through our professionalism deter some of these wrongs.

Do you know the advantages of using competition when procuring?

Do you know what ‘ratio analysis’ is?

What constitutes a conflict of interest? And what do you do if you find one?

What is the ‘triple bottom line’?

Can you distinguish ‘selection’ from ‘award’ according to CIPS?

Do you know your primary data from your secondary data?

You can contact Ian via this Udemy course or via Ian’s LinkedIn profile page (search ‘J Ian Tait’ on LinkedIn)

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