Cips nwexams ace Your L4m4 Cips Level 4 Diploma In Procurement And Supply Exam by Orion q0 vce pdf

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Exam Name:	Ethical and Responsible Sourcing
Exam Code:	L4M4 Dumps
Vendor:	CIPS	Certification:	CIPS Level 4 Diploma in Procurement and Supply
Questions:	180 Q&A's	Shared By:	orion

Question 48

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?

Options:

send out a RFI

send out a RFQ

speak with his current suppliers

conduct an open competition

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Question 49

A company has a requirement for an item that has been identified as strategic on the positioning model. The company needs to invite competitive tenders and ensure the selected supplier of this item is in a good financial position. What should the company ask the suppliers to send to show that their current assets cover their current liabilities?

Options:

Profit and loss account

Annual turnover

Gearing ratio

Acid test

Discussion

Question 50

ABC Ltd works with supplier XYZ Ltd who uses a variety of subcontractors. ABC has recently learned of an ethical breach being committed by one of XYZ's subcontractors. What should ABC do?

Options:

Recommend remedial action

Seek compensation

Terminate the contract

Research alternative suppliers

Discussion

Question 51

During the quality assurance of a supplier, Margaret is looking for an international standard that shows the supplier's commitment to sustainable procurement. What document should the supplier provide to show this?

Options:

ISO20400

ISO14000

ISO9001

ISO27000