1 / 5

Master Ethical Sourcing L4M4 Ethical and Responsible Sourcing Exam Mastery

Elevate your career with the L4M4 Ethical and Responsible Sourcing Exam. Prepare effectively with top-notch study materials and expert guidance. Validate your expertise in ethical sourcing practices and stand out in the competitive job market. Enroll now to become certified and unlock new opportunities in responsible sourcing. Don't miss this chance to elevate your career and make a positive impact on global supply chains. Take the first step towards becoming a trusted leader in ethical and responsible sourcing!<br>https://www.certsgrade.com/pdf/l4m4/

certsgrade334
Download Presentation

Master Ethical Sourcing L4M4 Ethical and Responsible Sourcing Exam Mastery

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CIPS L4M4 Ethical and Responsible Sourcing Questions And Answers PDF Format: For More Information – Visit link below: https://www.certsgrade.com/ Version = Version = Product Visit us athttps://www.certsgrade.com/pdf/l4m4/

  2. Latest Version: 6.0 Question: 1 Which of the following should be considered when calculating ratios relating to a supplier's liquidity? A. inventory B. reserves C. receivables D. profit Answer: A Question: 2 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? A. Request for Quotation B. Invitation to Tender C. Invitation to Quote D. Request for Tender Answer: B Explanation: This is an Invitation to Tender. The only other real document listed in Request for Quotation. This is incorrect because the document asks questions relating to how they will deliver the service. This means price isn't the only factor, which is the case for a RfQ. Request for Tender and Invitation to Quote are not real things. Question: 3 Which of the following would you expect to find in an Invitation to Tender? Select THREE A. awarding body B. deadline Visit us athttps://www.certsgrade.com/pdf/l4m4/

  3. (Correct) C. pricing schedule D. qualifications required E. risk assessments Answer: A, D Explanation: An ITT would include details on the awarding body (usually a brief overview of the buyer), the deadline (bids must be received by a certain date) and qualifications required (such as ISO requirements or competency certificates of staff members if it's a service contract). You wouldn't find pricing schedules in an ITT (this would be provided by the supplier in response to the ITT), nor would you find risk assessments (a supplier might be asked to provide one as part of the quality assessment of the tender though). Invitation To Tender Simply Explained I Thornton & Lowe (thorntonandlowe.com) Question: 4 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 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 Answer: A, B, C Explanation: The correct answers are; lead times, product competition and changes in the marketplace. You wouldn't expect to receive samples or costings from a Request for Information - rather, these should be expected as part of the Tender Competition Question: 5 Achieving the 'five rights of procurement' is one of the key objectives of procurement managers. Which of the following are not considered one of the 5 rights? Select TWO. A. time B. ethics C. environment D. quantity Visit us athttps://www.certsgrade.com/pdf/l4m4/

  4. E. quality Answer: B, C Explanation: ethics and environment are not a 'right of procurement'. The 5 rights are price, quality, quantity, time and place. Visit us athttps://www.certsgrade.com/pdf/l4m4/

  5. For More Information – Visit link below: https://www.certsgrade.com/ PRODUCT FEATURES 100% Money Back Guarantee 90 Days Free updates Special Discounts on Bulk Orders Guaranteed Success 50,000 Satisfied Customers 100% Secure Shopping Privacy Policy Refund Policy 16 USD Discount Coupon Code: NB4XKTMZ Visit us athttps://www.certsgrade.com/pdf/l4m4/ Powered by TCPDF (www.tcpdf.org)

More Related