Cyber Monday 2024! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25

- Free Preparation Discussions

CIPS Exam L4M8 Topic 2 Question 29 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 29
Topic #: 2

[All L4M8 Questions]

Research the ethical standard or accreditations of an industry with which you are familiar

AExplanation:
If a supplier is accredited or is a member of an association that promotes good ethical conduct, a statement to this effect is likely to be featured on its company documentation. This could be in a form of letters after the organization name or the authorized use of logo.
Accreditation information should be verified by procurement professionals either asking organiza-tion for certification to prove membership or accreditation or checking on a professional register.
Below are associated bodies that form some industries.
1. ISO 14001 -- for quality management
2. CIPS -- for procurement and Supply
3. Red Tractor -- NGO Registered in the UK, promoting human right
4. Amnesty International -- human right
5. Carbon Trust -- For Carbon neutral status.

Show Suggested Answer

Suggested Answer: A

by Cristy at Mar 09, 2024, 06:28 AM

Limited Time Offer

25%

Off

Get Premium L4M8 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Jess

6 months ago

I think checking with the organization for certification is a good way to ensure ethical standards are met.

upvoted 0 times

...

In

6 months ago

It's important for procurement professionals to verify accreditation information before working with a supplier.

upvoted 0 times

...

Shad

6 months ago

I agree, CIPS accreditation for procurement and supply is also highly regarded in the industry.

upvoted 0 times

...

Lamonica

6 months ago

For example, ISO 14001 is a great accreditation for quality management.

upvoted 0 times

...

Martin

6 months ago

I feel like accreditation can really show a company's commitment to ethics.

upvoted 0 times

...

Justine

6 months ago

I have been asked to research the ethical standards of an industry I know.

upvoted 0 times

...

Una

6 months ago

Interesting. I'll make sure to check for these accreditations when dealing with suppliers.

upvoted 0 times

...

Alex

6 months ago

I've also heard of CIPS for procurement and supply chain management.

upvoted 0 times

...

Alonso

7 months ago

Well, some industries use ISO 14001 for quality management.

upvoted 0 times

...

Una

7 months ago

I agree. Do you know any specific accreditations that are commonly used?

upvoted 0 times

...

Alex

7 months ago

Definitely, it helps build trust with customers and stakeholders.

upvoted 0 times

...

Alonso

7 months ago

I think it's important for industries to have ethical standards in place.

upvoted 0 times

...

az-700 pass4success az-104 200-301 200-201 cissp 350-401 350-201 350-501 350-601 350-801 350-901 az-720 az-305 pl-300

Warning: Cannot modify header information - headers already sent by (output started at /pass.php:70) in /pass.php on line 77