100% L4M6 EXAM COVERAGE, L4M6 TEST QUESTIONS

100% L4M6 Exam Coverage, L4M6 Test Questions

100% L4M6 Exam Coverage, L4M6 Test Questions

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Tags: 100% L4M6 Exam Coverage, L4M6 Test Questions, Latest L4M6 Exam Labs, Certification L4M6 Exam, Reliable L4M6 Exam Papers

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CIPS L4M6 Certification Exam is an essential qualification for procurement professionals who want to excel in supplier relationship management. CIPS Supplier Relationships certification demonstrates a candidate's understanding of the principles and practices of supplier management, and their ability to apply these principles in real-world situations. It is a valuable asset for professionals who want to advance their careers and achieve recognition for their expertise in procurement and supply.

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CIPS L4M6 Test Questions & Latest L4M6 Exam Labs

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The CIPS L4M6 Exam covers several areas, including supplier segmentation and selection, negotiation, performance management, contract management, and risk management. These topics are critical for effective supplier management, and require a comprehensive understanding of the supplier relationship lifecycle. Individuals who pass the CIPS L4M6 exam demonstrate their ability to navigate the complex supplier ecosystem and develop coherent strategies to support their organization's goals. CIPS Supplier Relationships certification also validates that individuals are equipped to manage potential challenges in collaboration with suppliers, and maintain a healthy relationship throughout the supplier lifecycle.

CIPS Supplier Relationships Sample Questions (Q115-Q120):

NEW QUESTION # 115
Which of the following is not a type of tender process used in the Public Sector?

  • A. Competitive Dialogue
  • B. Unrestricted
  • C. Competitive Procedure with Negotiation
  • D. Restricted

Answer: B

Explanation:
Unrestricted is not a type of tender. The 5 types are; open, restricted, competitive with negotiation, competitive dialogue and innovative partnership (though this last one is very rare in the public sector). The five types are explained in detail on p.77


NEW QUESTION # 116
Which of the following relationship types are characterised by low levels of trust? Select TWO options

  • A. Arm's Length
  • B. Outsourced
  • C. Partnership
  • D. Adversarial
    (Correct)
  • E. Single- Sourced

Answer: A,D

Explanation:
Adversarial and Arm's Length relationships have low levels of trust. Single Source, Partnership and Outsourcing require high level of trust. See p.5 for the Supplier Relationship Spectrum


NEW QUESTION # 117
Andrew runs a factory that makes cakes. Vanilla Extract is a vital ingredient in Andrew's cakes and this is a monopolistic market. Andrew has noticed recently that the quality of the supplier's product has reduced, and this has led to several complaints from customers. Andrew is considering entering into a Partnership with this supplier as he believes this will help increase the supplier's performance. Is this the correct thing to do?

  • A. Yes- partnership sourcing can improve performance which will ultimately satisfy the end customer
  • B. No- Andrew should use an alternative supplier
  • C. Yes- partnership sourcing will improve sales figures
  • D. No- Andrew should outsource the vanilla extract.

Answer: A

Explanation:
The correct answer is 'Yes- partnership sourcing can improve performance which will ultimately satisfy the end customer'. The important thing to note in this Question: is the word 'monopolistic'. This means that there are no alternative suppliers- so the 'no' options are wrong- there are no alternative suppliers and no opportunity to outsource. The other answer is incorrect as sales figures isn't Andrew's concern - it's the complaints and quality of the product. Improving performance to satisfy end customers is therefore his main driver for considering a Partnership. See p. 127 for more information on Drivers of Partnership Sourcing. This comes up a lot in the exam


NEW QUESTION # 118
Richie has come up with a new idea for sourcing items for the business but feels that it will have mixed reviews within the team. He thinks that some people will be in favour of the idea, and some will be against it. He doesn't think the CEO will have a strong opinion either way. In order to decide whether to put a business case together and present his idea to the CEO- what should Richie do?

  • A. Cost Analysis
  • B. Value Engineering Analysis
  • C. Force Field Analysis
  • D. Make vs Buy Analysis

Answer: C

Explanation:
Richie should do a Force Field Analysis - this is explained on p.86 and is an idea of Kurt Lewin - it identifies the driving forces for a project and the restraining forces (basically who will be for it and who will be against it). The textbook doesn't go into much detail on this but there are questions on it in the exam- so have a quick google to familiarise yourself with Kurt Lewin's Force Field Analysis.


NEW QUESTION # 119
Which of the following are characteristics that differentiate between a partnership relationship and traditional contracting relationships? Select THREE.

  • A. No defined end period
  • B. Early supplier involvement
  • C. Supplier KPIs
  • D. Lower costs
  • E. No tender process

Answer: A,B,E

Explanation:
The correct answers are; no tender process, early supplier involvement and no defined end-period. A partnership wouldn't automatically mean lower costs, and in a partnership the KPIs are usually a joint performance measurement rather than set to the supplier. For more information on the difference between partnerships and contractual relationships see p.124-5


NEW QUESTION # 120
......

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