FLEXIBLE L4M6 LEARNING MODE & LATEST L4M6 EXAM DURATION

Flexible L4M6 Learning Mode & Latest L4M6 Exam Duration

Flexible L4M6 Learning Mode & Latest L4M6 Exam Duration

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CIPS L4M6 exam covers a wide range of topics related to supplier relationship management, including supplier selection, evaluation and monitoring, contract management, supplier performance measurement, and supplier development. L4M6 Exam is designed to test the candidate’s understanding of the best practices and techniques for managing supplier relationships and maximizing the value of supplier partnerships.

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CIPS Supplier Relationships Sample Questions (Q166-Q171):

NEW QUESTION # 166
A large construction group has a critical contract with a brick supplier. This represents high-value spend, and the contract has a five-year duration. What type of commercial relationship would be the most appropriate?

  • A. Closer Tactical
  • B. Partnership
  • C. Transactional
  • D. Outsourcing

Answer: B

Explanation:
Given the criticality and high value of the contract, a partnership is most suitable. This allows for long-term collaboration, mutual investment, and risk sharing to achieve strategic goals.


NEW QUESTION # 167
A restricted market is a market where there are only a small number of capable and competent suppliers.
Which of the following is not a reason for a marketplace to be restricted?

  • A. Low levels of profitability
  • B. High barriers to entry
  • C. The product is easy to source elsewhere
  • D. Strong governmental regulation

Answer: C

Explanation:
The correct answer is 'The product is easy to source elsewhere'. The other three are given as reasons a marketplace might be restricted on p.138. Other reasons also include; brand loyalty, difficult access to distribution channels, and companies colluding.


NEW QUESTION # 168
Debbie is a procurement manager at a small manufacturer company. She had a contract in place with a company that provides uniforms, but finds that she doesn't need to order much from them as the staff re-wear the same clothes to work. The contract has now expired. Should Debbie do a Competitive Tender to source a new contract?

  • A. Yes- competitive tender is the only option to procure uniforms
  • B. No- the contract is not of significant value
  • C. No- Debbie should continue using the same supplier- it doesn't matter that the contract has expired.
  • D. Yes - the contract has now expired so she must do a new competitive tender

Answer: B

Explanation:
The correct answer is 'no-the contract is not of significant value'. CIPS state that competitive tenders should only be used when 'the item or service is of significant value' p.73. Debbie could continue using the same supplier, but she should organise a contract extension or a new contract if she does.


NEW QUESTION # 169
A partnership relationship in portfolio analysis is appropriate for which category of procurement?

  • A. Strategic security
  • B. Strategic critical
  • C. Tactical profit
  • D. Tactical acquisition

Answer: B

Explanation:
Partnership relationships are typically used for strategic critical items where the product is essential to operations, and the supplier's input significantly impacts success. These relationships are nurtured through mutual trust and collaboration to mitigate supply risk and ensure long-term value.


NEW QUESTION # 170
Which circumstances make a buyer more attractive to the supplier?

  • A. Where the buyer exercises a stringent code of conduct
  • B. When the buyer is very procedural in its systems
  • C. Where the brand profile is high
  • D. When the buyer negotiates longer credit terms

Answer: A,C

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 # 171
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The L4M6 exam questions are the ideal and recommended study material for quick and easiest CIPS Supplier Relationships (L4M6) exam dumps preparation. The CIPS Supplier Relationships (L4M6) practice questions are designed and verified by qualified and renowned CIPS Certification Exams trainers. They work closely and check all CIPS L4M6 Exam Dumps step by step. They also ensure the best possible answer for all L4M6 exam questions and strive hard to maintain the top standard of CIPS Supplier Relationships (L4M6) exam dumps all the time.

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