Pass4sure L4M4 Dumps Pdf | 100% Free Authoritative Test Ethical and Responsible Sourcing Quiz

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CIPS Ethical and Responsible Sourcing Sample Questions (Q94-Q99):

NEW QUESTION # 94
When conducting an ABC analysis- what category of items and type of suppliers would you typically find in the A category?

A. high value items, strategic suppliers
B. low value items, transactional suppliers
C. high value items, transactional suppliers
D. low value items, strategic suppliers

Answer: A

Explanation:
A Category spend is high value and strategic suppliers. C category is low value, high volume of spend aka tail spend. The bits in the middle are B category.
For example when you have a baby you have to buy lots of stuff for it. Your A spend is the big, important and expensive purchases like the pram, cot, carseat. You spend a lot of time in this category because they're important purchases you want to get right. The Tail Spend / C are all the little bits like nappies, baby shampoo, sippy cups. The B category are the bits in between - the purchases are kinda important but aren't as strategic or important as A category. Toys may fall into this category.

NEW QUESTION # 95
When working closely with a supplier, waste can be reduced which can lead to improved business functions and cost savings. Which of the following are wastes that can be removed from the supply chain? Select THREE.

A. Inventory
B. Waiting
C. Barriers
D. Over-analyzing
E. Motion

Answer: A,B,D

Explanation:
The correct answers are; motion, waiting and inventory.
This is part of Ohno's 8 Wastes. You can remember this with the acronym Tim Woods; transportation, inventory, motion, waiting, over-production, over-processing, defects, skills.
This is only mentioned briefly in this module but comes up in other modules more in depth, so is worth memorising if you can.

NEW QUESTION # 96
What is the best way to prevent potential issues of conflicts of interest?

A. do not hire family members
B. create a risk register
C. openly declare potential conflicts
D. do not work with suppliers who have relationships with the procurement team

Answer: C

Explanation:
The best way to deal with potential Conflicts of Interest is to openly declare these. Just because you have a relationship with someone doesn't mean this is going to be an issue or lead to fraud, but it is a good idea to keep a written record of these.
It wouldn't be a risk register, because how can you rate someone's risk of doing something dodgy? Risk registers are for objective risks such as Health and Safety.

NEW QUESTION # 97
Ivan is an investor who is looking to invest in new businesses. He is reviewing several companies and working out what his equity would be. Which of the following does Ivan need to know to calculate shareholder equity?
Select TWO.

A. net income
B. total liabilities
C. total assets
D. net profit

Answer: B,C

Explanation:
Shareholder Equity = Total Assets - Total Liabilities

NEW QUESTION # 98
Brooklyn Ltd is a manufacturer of windows and has a single sourcing relationship with their supplier of glass.
What relationship style would be best suited?

A. transactional
B. adversarial
C. collaborative
D. non-critical

Answer: C

Explanation:
When single sourcing, you should aim to have a collaborative relationship with the supplier. They're the only ones who provide you with glass, which is a vital part of windows. So you need to make sure you have a good relationship with them and work with them to overcome any issues such as supply chain disruptions. If not- you've got no windows to sell!

NEW QUESTION # 99
......

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