CIPS L4M4 Ethical and Responsible Sourcing UPDATED ACTUAL Exam Questions and CORRECT Answers

CIPS L4M4 Ethical and Responsible
Sourcing UPDATED ACTUAL Exam
Questions and CORRECT Answers
What are the two types of sourcing? - CORRECT ANSWER - Tactical/Operational &
Strategic


What is tactical sourcing? - CORRECT ANSWER - Low level sourcing for low risk or
routine items


What is strategic sourcing? - CORRECT ANSWER - High level sourcing for core products
or services


Benefits of make decision? - CORRECT ANSWER - Strategy of organisation is to be self
sufficient
Enhanced control over processes
Improved quality control
Workforce remains stable
Continuity of supply
No suitable suppliers to buy from
Economies of scale available
Reduced risk
Easier to amend volumes/specs


Benefits of buy decision? - CORRECT ANSWER - Specialised knowledge available
Technological advancements available
Small volumes are not cost effective to make
Cheaper to buy in than make
Economies of scale available

, No capacity in house
Less inventory
Reduced overheads


Four categories of the Kraljic Matrix - CORRECT ANSWER - Non-critical
Leverage
Strategic
Bottleneck


Should core functions be outsourced? - CORRECT ANSWER - No, they should remain in
house


Which functions are frequently outsourced? - CORRECT ANSWER - IT
Catering
Cleaning
Marketing
Social Media
HR
Accountancy
Payroll


Carter's 10 C's - CORRECT ANSWER - Competency
Capacity
Commitment
Control
Cash
Cost
Consistency