CIPS L4M4 LO4|Understand ethical and responsible sourcing-Questions and Answers
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Course
CIPS
Institution
CIPS
CIPS L4M4 LO4|Understand ethical and responsible
sourcing-Questions and Answers
what are human rights? Correct Ans-rights or principles based on shared values that are
accepted as belonging to every person, regardless of background
CIPS L4M4 LO4| Understand ethical and responsible
sourcing-Questions and Answers
what are human rights? Correct Ans-rights or principles based on shared values that are
accepted as belonging to every person, regardless of background
what does zeitgeist mean? Correct Ans-the 'spirit' of an age/time, meaning the cultural
norms, values and behaviours from a particular period in history
what is a sub-tier supplier? Correct Ans-an organisation supplying into the suppliers that
are contracted directly into a buying organisation's supply chain. this supplier's activities,
stability and reputation can all affect the buyer's supply chain
what is the fair trade foundation? Correct Ans-an international charity dedicated to
encouraging countries and organisations to ensure that their workers are paid a fair salary for
the work that they do
what are some signs that modern slavery may be taking place? Correct Ans-- suspiciously
low labour costs in sub-tier suppliers
- variations in the quality of purchased products
- evidence that workers live on-site or are held against their will elsewhere
what could a procurement professional with modern slavery concerns do? Correct Ans--
carry out due diligence checks for new and current suppliers
- check code of conduct documents provided by suppliers; do they explicitly reject slavery?
, CIPS L4M4 LO4| Understand ethical and responsible
sourcing-Questions and Answers
- stay alert and look for evidence of the indicators when interacting with suppliers or visiting a
supplier's premises
what are ethical codes of practice? Correct Ans-a document outlining an organisation's
accepted behaviours and principles of working
what are the 3 levels of a code of ethics? Correct Ans-- profession level
- sector level
- company level
how can due diligence be carried out? Correct Ans-- asking the supplier to provide
information on a template (along with supporting documents)
- visiting the supplier's premises to see its facilities, processes and products in person
- carrying out a desktop assessment to see if there is any information about the supplier
available online to support its appraisal
what are some common due diligence factors? Correct Ans-- first impressions of the
suppler
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