CIPS L4M8 Final Competency Certification Study Guide Exam Questions with Certified for Accuracy Answers 2024/2025
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Course
CIPS
Institution
CIPS
Human Trafficking - correct answer the process of seeking, recruiting, transporting and exploiting individuals, to work against their will.
Bonded labour - correct answer an individual's promise to provide services through exploitation as repayment of a debt or other obligation.
Forced labour...
CIPS L4M8 Final Competency Certification
Study Guide Exam Questions with Certified
for Accuracy Answers 2024/2025
Human Trafficking - correct answer the process of seeking,
recruiting, transporting and exploiting individuals, to work
against their will.
Bonded labour - correct answer an individual's promise to
provide services through exploitation as repayment of a debt or
other obligation.
Forced labour - correct answer when people are forced to
work under the threat of punishment.
Child labour - correct answer the exploitive and illegal
employment of children.
Domestic slavery - correct answer when individuals are
exploited by working in private households for little or no wages
in return for living accommodation.
CIPS code of conduct - correct answer promotes the adoption
of ethical processes and responsible sourcing within
procurement and supply and encourages any concerns to be
raised with a person of authority within the organisation.
Examples from CIPS code of conduct - correct answer -Never
engage in unethical or irresponsible sourcing and related
activities
,-Always act in a professional manner, disclose any concerns or
conflicts of interest and keep the confidence of allparties within
the supply chain
-Regularly and thoroughly conduct due diligence on suppliers,
report any concerns, and keep up to date with regulations by
expanding knowledge through CPD
-Set positive and ethical examples for colleagues and suppliers
alike
-Comply with the country's law in which the procurement
function has agreed and, if there is no agreed law, ensuring that
CIPS Code of Conduct is followed at all times.
Code of Ethics - correct answer a set of morals, values and
principles set out by an organisation to display what they deem
to be acceptable conduct and behaviour. Ethical codes outline
the values and missions of the organisation and state how
professionals within the organisation should behave and perform
within their role.
Principles of an ethical code - correct answer accountability,
selflessness, integrity, objectivity, leadership, honesty, and
openness.
Organisations represent good ethical conduct: - correct
answer Chartered Institute of Procurement and Supply(CIPS);
International Labour Organisation (ILO); Ethical Trading
Initiative (ETI); Fair Trade Foundation; Ethical Company
Organisation;and Anti-Slavery International.
,KPIs that relate to the measurement of ethical supplier
performance include - correct answer -How many complaints
have been received regarding diversity?
-How much packaging is being recycled?
-What percentage of energy is generated by renewable sources?
-The percentage of employees that leave each year. This can be
an indicator of working conditions.
-How many additional deliveries are made per order? This can
indicate awareness of pollution from transport.
The Triple Bottom Line (or TBL) - correct answer devised by
John Elkington. It advocates measuring sustainability in relation
to the performance and investment against the 3Ps: People,
Planet and Profit.
3Ps: People - correct answer the social dimension. It
considers the effect that an organisation has on its stakeholders,
such as employees, consumers, producers and suppliers.
3Ps: Planet - correct answer the environmental dimension. It
considers the immediate and long-term effect that an
organisation has on the environment, in terms of pollution, waste
management, renewable energy, and use and replenishment of
natural resources. For example, switching to hybrid vehicles to
reduce CO2 emissions.
3Ps: Profit - correct answer the financial dimension. Within
TBL, profit is not just about the amount of money made, it is
about ensuring the continuity of the organisation and enabling
good work to be carried out in the community. For example, re-
, investing profit in state-of-the-art recycling machinery for waste
cardboard
Sustainable procurement - correct answer balancing business
needs against economic and social development and
environmental protection.
Examples of Sustainable practices within procurement - correct
answer -Evaluating and monitoring suppliers in relation to
ethical conduct to ensure that only ethical and environmentally
aware organizations are awarded contracts. In this way, the
supply chain should become a long-term sustainable operation.
-Considering TBL as a way of reporting on suppliers'
organizations.
-Actively working to reduce environmental damage in the supply
chain, for example, balancing the needs of 'just in time' with the
environmental impact of the additional deliveries.
-Evaluating needs and only procuring what is required.
-Gaining standards and accreditation's.
-Removing waste from the supply chain.
-Applying continuous improvement in the supply chain.
-Developing the procurement professionals of the future.
-Amending specifications.
Stage 1: Understand the need and develop a high-level
specification - correct answer Understanding the need that
has been generated, this will need to be communicated to the
buyer to ensure there is no misinterpretation. The specification
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