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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.

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Suggested Answer: A

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

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Jess

8 months ago

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

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In

8 months ago

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

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Shad

8 months ago

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

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Lamonica

8 months ago

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

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Martin

9 months ago

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

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Justine

9 months ago

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

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Una

9 months ago

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

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Alex

9 months ago

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

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Alonso

9 months ago

Well, some industries use ISO 14001 for quality management.

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Una

10 months ago

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

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Alex

10 months ago

Definitely, it helps build trust with customers and stakeholders.

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Alonso

10 months ago

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

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