Very best CIPS L4M6 Dumps - By Most Secure System

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CIPS L4M6 exam covers a range of topics related to managing supplier relationships, including understanding supplier performance, developing supplier improvement plans, managing supplier risk, and implementing supplier governance. These topics are essential for procurement professionals who work with suppliers to ensure that their organization meets its strategic goals and objectives. L4M6 exam is designed to equip procurement professionals with the knowledge and skills needed to manage supplier relationships effectively.

CIPS L4M6 exam is a challenging and comprehensive assessment of the candidate's knowledge and skills in managing supplier relationships. Successfully passing L4M6 exam demonstrates the candidate's ability to effectively manage supplier relationships, which is a critical skill for any procurement professional. L4M6 exam is recognized globally and is highly valued by employers in the procurement and supply chain industry. Candidates who pass the exam will be awarded the CIPS Level 4 Diploma in Procurement and Supply, which is a valuable qualification that can help to advance their career in procurement.

CIPS L4M6 (CIPS Supplier Relationships) exam is designed to assess the knowledge and skills of procurement professionals in managing supplier relationships. L4M6 exam is part of the Chartered Institute of Procurement and Supply (CIPS) Level 4 Diploma in Procurement and Supply, which is an internationally recognized qualification for procurement professionals. The L4M6 exam covers a range of topics related to supplier relationship management, including the identification and selection of suppliers, contract negotiation, performance management, and supplier development.

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CIPS Supplier Relationships Sample Questions (Q138-Q143):

NEW QUESTION # 138
In the 1990s, a manufacturer of portable music players partnered with a mini-disk producer. The aim of the partnership was to reduce the size and cost of the devices and enhance flexibility. Sales of the product after launch were low due to a competitive launch of small digital players, which offered better flexibility to customers at a comparable price. The partners suffered substantial loss and never recovered the investment. In order to mitigate the risk described, what should both partners have considered before investing in the product? Select the TWO that apply.

A. New substitute technology
B. Legal implication of partnering
C. Customer price expectation
D. Fast charging markers
E. Cost of investment

Answer: A,C

Explanation:
Understanding customer price expectations and the potential for substitute technology are critical in product development to anticipate market trends and competitive threats, aligning with risk management principles.

NEW QUESTION # 139
A manufacturing company which produces showers struggles to get hold of a certain part called a mixer valve. It is impossible to make the showers without the mixer-valve and there is only one supplier in the market that produces them. The good news is they aren't very expensive to buy. What type of supplier is the supplier of mixer valves?

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

Answer: D

Explanation:
This is a bottleneck supplier- refer to the Kraljic matrix on p.20; these types of supplier hold a monopoly in the marketplace and provide low-value items. 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

NEW QUESTION # 140
A company is about to invite tenders for a contract to clean external windows at several premises, all at least three storeys high. It is going to do this in two stages. For the first stage, it will issue a pre-qualification questionnaire (PQQ) and, from the replies, select at least five potential suppliers to invite to tender. Which of the following is a selection criterion rather than an award criterion?

A. Risk assessments at the premises
B. Environmental impact assessment
C. Method statements for previous contracts
D. Price that will be charged

Answer: C

Explanation:
Selection criteria focus on the supplier's capability and experience (e.g., method statements). Award criteria are used to evaluate and compare proposals during the tender process, such as price or environmental considerations.

NEW QUESTION # 141
Which of the following are typical examples of partnering between companies? Select the TWO that apply.

A. Limited company
B. Strategic alliance
C. Joint venture
D. Sole trader
E. Public limited company

Answer: B,C

Explanation:
Joint ventures and strategic alliances are examples of partnerships as they involve collaboration between entities to achieve shared objectives. Sole traders and public limited companies describe organizational structures, not partnership types.

NEW QUESTION # 142
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. partnership
B. adversarial
C. single-source
D. arms-length

Answer: D

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 # 143
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Very best CIPS L4M6 Dumps - By Most Secure System

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CIPS Supplier Relationships Sample Questions (Q138-Q143):

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