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CIPS L5M5 Exam Syllabus Topics:
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CIPS Managing Ethical Procurement and Supply (L5M5) Sample Questions (Q33-Q38):
NEW QUESTION # 33
Liam, a Procurement Officer at Zenith Corp, oversees a contract with Apex Supplies, a key supplier of essential manufacturing components. After identifying a critical issue in Apex Supplies' delivery process, which TWO documents should Liam complete?
- A. Corrective Action Plan and SWOT Analysis
- B. Root Cause Analysis and Corrective Action Plan
- C. KPI's and Root Cause Analysis
- D. SWOT Analysis and KPIs
Answer: B
Explanation:
Choice B- Root Cause Analysis (RCA):This document identifies the underlying reasons for the issue in Spades Ltd's conduct. Conducting a thorough RCA ensures Ruby understands the cause of the problem, enabling effective solutions.
Incorrect answer:
Choice A- While Key Performance Indicators (KPIs) are useful for tracking performance, they do not directly address or resolve specific issues..
Corrective Action Plan (CAP): Once the root cause is identified, a CAP outlines specific steps Spades Ltd must take to address and resolve the issue. It also ensures that measures are put in place to prevent recurrence. Therefore option B is the answer.
Choice C- A SWOT analysis is more strategic, focusing on strengths, weaknesses, opportunities, and threats, rather than resolving specific conduct issues.
Choice D- Neither of these documents directly addresses identifying or fixing a conduct issue.
Reference:
LO-2.2; Page 202-203; Methods to correct non-compliance and create and monitor action plans
NEW QUESTION # 34
Which ISO standard is most appropriate for CSR?
- A. ISO31000
- B. ISO14000
- C. ISO9001
- D. ISO22000
Answer: B
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Documents:
ISO14000 is the family of standards for environmental management, making it the most appropriate for CSR (Corporate Social Responsibility). The L5M5 study guide (p.211) states that ISO14001, in particular, sets requirements for organisations to establish environmental management systems (EMS). ISO9001 relates to quality management, ISO22000 to food safety, and ISO31000 to risk management. For procurement, ISO14000 certification provides assurance that suppliers follow recognised environmental practices, making it highly relevant to CSR and ESG goals.
Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.211
NEW QUESTION # 35
When developing an ESG policy, which of the following steps should be taken first?
- A. Draft the policy
- B. Consult with stakeholders
- C. Gather Information
- D. Identify the need
Answer: D
Explanation:
Steps to take to develop an ESG policy:
1) Identify the need
2) Identify who will take lead responsibility
3) Gather information
4) Draft the policy
5) Consult with stakeholders
6) Approve the policy
7) Procedures
8) Implement the policy
9) Monitor
So the correct answer is D.
Reference:
LO-1.1; Page 32-33; The development of ESG focused procurement and supply policies in securing ethical and sustainable procurement and supply arrangements
NEW QUESTION # 36
Global sourcing often increases carbon emissions due to the long distances goods must travel. Which of the following strategies can help reduce this environmental impact?
- A. Focusing exclusively on sourcing from local markets regardless of cost
- B. Increasing reliance on air freight for faster delivery
- C. Consolidating shipments to reduce the number of trips made
- D. Sourcing from multiple distant suppliers to ensure competitive pricing
Answer: C
Explanation:
Choice B- Consolidating shipments means combining multiple orders into fewer deliveries, which reduces the total number of trips required. This approach leads to lower carbon emissions per unit of goods transported and enhances efficiency in logistics. Thus is the correct answer.
Incorrect answer:
Choice A- Using air freight can actually increase carbon emissions significantly compared to other transportation methods like shipping or rail. While it may expedite delivery, it is one of the most environmentally harmful ways to transport goods over long distances.
Choice C- While this strategy may help in achieving lower costs, it can increase carbon emissions due to the greater number of shipments required. Sourcing from many distant suppliers often leads to less efficient logistics and higher environmental impact.
Choice D- Although sourcing locally can significantly reduce transportation-related emissions, focusing solely on local markets may not always be practical or cost-effective. It can limit access to certain products, materials, or pricing advantages that global sourcing might provide. A balanced approach considering both environmental impact and cost is often necessary.
Reference:
LO-1.2; Page 79; ESG considerations in global sourcing
NEW QUESTION # 37
CSR (Corporate Social Responsibility) is a key factor in many business decisions. Which of the following are benefits of having a CSR Policy? Select THREE
- A. Enhance competitiveness
- B. Positive impact on wider society
- C. Protection from all legal issues
- D. Improved reputation
Answer: A,B,D
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Documents:
CSR policies allow businesses to integrate ethical, social, and environmental concerns into their operations. The L5M5 study guide (p.28) highlights several benefits: an improved reputation (A), enhanced competitiveness (B) by differentiating the company, and a positive impact on wider society (D). However, CSR policies do not provide protection from all legal issues (C)-illegal activities can still occur despite having a policy. CSR (sometimes referred to as ESG in modern usage) builds stakeholder trust, supports compliance with global sustainability frameworks, and enhances long-term resilience. Procurement teams are particularly important in embedding CSR into supply chains by ensuring supplier compliance and accountability.
Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.28
NEW QUESTION # 38
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