L4M6 PDF VCE & L4M6 FREE PRACTICE

L4M6 PDF VCE & L4M6 Free Practice

L4M6 PDF VCE & L4M6 Free Practice

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Tags: L4M6 PDF VCE, L4M6 Free Practice, Exam L4M6 Registration, Free L4M6 Updates, Detailed L4M6 Answers

2025 Latest VCETorrent L4M6 PDF Dumps and L4M6 Exam Engine Free Share: https://drive.google.com/open?id=191555OIR25oCozkm9F7yogfUNtBqvWml

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Free PDF Quiz CIPS - Fantastic L4M6 - CIPS Supplier Relationships PDF VCE

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CIPS L4M6 exam is a critical exam for procurement professionals seeking to advance their careers in supplier relationship management. L4M6 exam covers various aspects of supplier relationships, including selection, negotiation, contract management, and performance management. It is an advanced level exam that requires a thorough understanding of procurement and the role of supplier relationships in achieving organizational objectives. Candidates who pass L4M6 exam gain valuable skills and knowledge that can help them to excel in their roles as procurement professionals.

CIPS L4M6 Exam, also known as CIPS Supplier Relationships, is an important certification that is designed to help procurement professionals manage their supplier relationships efficiently. L4M6 exam is ideal for professionals working in the procurement industry who want to enhance their knowledge of supplier management and build their skills to deliver better value for their organization. L4M6 exam focuses on building effective supplier relationships that deliver benefits such as cost savings, more efficient processes and higher quality goods and services.

CIPS Supplier Relationships Sample Questions (Q71-Q76):

NEW QUESTION # 71
A partnership was created between a company and one of its local suppliers when the managing directors of each company met and thought partnering could be a good idea. No other departments were included in the discussions. The partnership has been in place for over a year, but neither of the companies has achieved any additional benefits. The company has been unable to offer any increased business to the supplier, and the supplier has been unable to improve on the quality of its products. The partnership is going to be terminated.
What is a possible main reason for the failure of the partnership?

  • A. Distance barrier
  • B. Cultural differences
  • C. Market changes
  • D. Poor planning

Answer: D

Explanation:
Partnerships require careful planning, including alignment of goals, stakeholder involvement, and clear expectations. Poor planning leads to unmet objectives and lack of value generation, as highlighted by CIPS.


NEW QUESTION # 72
Red Manufacturing work with around 40 different suppliers. One of these suppliers is Blue Business. Red Manufacturing order regularly from Blue Business, and have never had any issues with their performance. The materials Blue Business supply are of low value and there are several other suppliers of these materials in the market. What type of relationship should Red Manufacturing seek to have with Blue Manufacturing?

  • A. arms-length
  • B. partnership
  • C. single-source
  • D. adversarial

Answer: A

Explanation:
The correct answer is 'arms length'. This is a tactical purchase (as it is low value) and keeping the supplier at arms-length means that Red Manufacturing could possibly exploit them to reduce their prices (think back to the Kraljic matrix and where Blue Business would likely fall). A Partnership or Single- Source relationship requires investment into the relationship, and as the products are low value and Red Manufacturing have a lot of other suppliers, they should not be investing time in developing that relationship with Blue Business. An adversarial relationship wouldn't be advantageous as it may lower the performance of the supplier. See the relationship spectrum on p.5 - this is a hot topic for the exam


NEW QUESTION # 73
Janet runs a factory which produces 1 million bread rolls every day. It requires a large amount of flour, and for this to be delivered regularly- in time with manufacturing operations. There are very few suppliers in the market place that can deliver the quality of flour Janet requires in the quantities required. Janet has just established a contract with Friendly Flour Limited - what type of supplier is Friendly Flour Limited to Janet?

  • A. routine
  • B. bottleneck
  • C. leverage
  • D. strategic

Answer: D

Explanation:
Friendly Flour Ltd is a strategic supplier; this is a critical supplier, responsible for core products. They represent a high risk impact and a high cost impact. This is the top-right hand corner of the Kraljic matrix. There are lots of questions on Kraljic in the exam - do revise this topic and ensure you understand each of the four quadrants of the matrix (see p.20)


NEW QUESTION # 74
Achieving value for money can often be described as the three Es? What are these?

  • A. Economy, Efficiency, Environment
  • B. Effectiveness, Efficiency, Economy
  • C. Efficiency, Economy, Ethics
  • D. Ethics, Environment, Economy

Answer: B

Explanation:
The three Es are; Effectiveness, Efficiency and Economy. Sometimes a 4th E is added which is Equity (but this is mainly for the public sector).


NEW QUESTION # 75
In Public Sector procurement a PIN is sent out to inform suppliers of an upcoming tender opportunity. What does PIN stand for?

  • A. Prior Information Notice
  • B. Possibilities Identified Notice
  • C. Procurement Information Number
  • D. Procurement Identification Number

Answer: A

Explanation:
A PIN is a 'prior information notice' - it is sent out before the ITT to let suppliers know that an opportunity is coming up and they should look out for it. See p 72 "supplier identification- public sector" for more details.


NEW QUESTION # 76
......

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