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The CIPS L4M6 exam covers various topics such as supplier selection, evaluation, and performance management. It also covers supplier development and collaboration, contract management, and ethical issues in supplier relationships. L4M6 exam is suitable for procurement professionals at all levels, including those who are new to procurement and those who have extensive experience in the field. Overall, the CIPS L4M6 exam is an essential certification for procurement professionals who want to develop their skills in supplier relationship management to achieve strategic procurement goals.
CIPS L4M6 Certification Exam is an excellent way to demonstrate to employers that you have the skills and knowledge required to manage supplier relationships effectively. Achieving this certification can help you stand out from other candidates when applying for procurement and supply chain management roles. It can also help you progress in your career and open up new opportunities for advancement.
CIPS Supplier Relationships Sample Questions (Q193-Q198):
NEW QUESTION # 193
Which circumstances make a buyer more attractive to the supplier?
- A. When the buyer negotiates longer credit terms
- B. When the buyer is very procedural in its systems
- C. Where the buyer exercises a stringent code of conduct
- D. Where the brand profile is high
Answer: C,D
Explanation:
Buyers with a strong brand profile and adherence to ethical standards attract suppliers, as they provide market prestige and assurance of fair practices. This aligns with CIPS's emphasis on ethical procurement.
NEW QUESTION # 194
Which of the following statements are true of a market place which is considered a 'perfect competition'?
Select TWO.
- A. suppliers are selling differentiated products
- B. competition is not strong
- C. competition is at its highest level possible
- D. there are no barriers to entry
Answer: C,D
Explanation:
In a 'perfect competition' there are no barriers to entry or exit, and competition is at its highest possible level.
For more information on different types of market see p.40
NEW QUESTION # 195
Beyond Say is a manufacturer of diamond rings. It sources a lot of different parts to create its products including diamonds, gold, cardboard boxes for the rings to go in, as well as stationary and copier paper for the offices. Although it doesn't buy many diamonds, these represent a large part of Beyond Say's spend. Which category of spend would diamonds represent?
- A. Option
- B. Option
- C. It isn't possible to tell
- D. Option
Answer: A
Explanation:
This is category 'A' spend in the ABC model - they represent a large value and a small number of purchases / suppliers. See p.17 for more information on the ABC Analysis
NEW QUESTION # 196
Polly Manufacturing is a company which manufactures bicycle parts. It has several factories around the country and is one of the leading suppliers of wheels, bells and pedals. Which of the following is Polly Manufacturing likely to outsource? Select TWO options.
- A. Manufacturing of bells only
- B. Facilities Management
- C. Cleaning
- D. Manufacturing of all bicycle parts
Answer: B,C
Explanation:
They could outsource cleaning and facilities management. These are auxiliary services. The manufacturing of bike parts is their 'core' business so they should retain this in-house
NEW QUESTION # 197
In a partnership who is responsible for decision making?
- A. Both the supplier and the buyer
- B. The supplier
- C. The buyer
- D. The project steering committee
Answer: A
Explanation:
The correct answer is both the supplier and the buyer- joint decision making is a key aspect of partnership relationships. A project steering committee decides on priorities, suggests improvements, conducts audits etc. See p.152
NEW QUESTION # 198
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