CIPS Exam L4M8 Topic 2 Question 29 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 29
Topic #: 2

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.

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Suggested Answer: A

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

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Alex

18 hours ago

Definitely, it helps build trust with customers and stakeholders.

upvoted 0 times

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Alonso

2 days ago

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

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