L4M4 Practice Questions
CIPS Diploma L4M4 Practice Questions
L4M4 Ethical and Responsible Sourcing
LO|1.1 – Identify the sourcing process in relation to procurement
LO|1.2 - Differentiate between approaches to the sourcing of requirements from suppliers
LO|1.3 - Define the options and trade-offs when sourcing requirements from external suppliers
LO|1.4 – Define award criteria that can be commonly applied when sourcing requirements from external suppliers
LO|2.1 – Analyse commonly used sources of information on market data that can impact on the sourcing of requirements from suppliers
LO|2.2 – Identify the key processes used for obtaining quotations and tenders
LO|2.3 – Identify the processes that can be typically used to assess quotations or tenders
LO|3.1 – Compare the key legislative, regulatory and organisational requirements when sourcing in the not-for-profit, private and public sectors
LO|3.2 – Compare the key legislative, regulatory and organisational requirements when undertaking international sourcing in the not-for-profit, private and public sector
LO|3.3 – Identify and apply environmental, social and governance practices that support responsible sourcing
LO|3.4 – Compare the use of audits and other feedback mechanisms to evaluate environmental, social and governance standards
LO|3.5 – Contrast processes and practices that the organisation could adopt to meet environmental, social and governance goals