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L4M6 Exam Details, L4M6 Certification Sample Questions

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CIPS L4M6 exam is a highly regarded qualification designed for procurement professionals who wish to enhance their knowledge and skills in managing supplier relationships. L4M6 exam is offered by the Chartered Institute of Procurement and Supply (CIPS), a global professional body that provides training and qualifications in procurement and supply chain management. The CIPS L4M6 exam is the sixth module in the Level 4 qualification, which focuses on supplier relationships.

CIPS L4M6 Certification Exam is an advanced level certification exam that focuses on the key concepts and principles of supplier relationships. L4M6 exam is designed for procurement professionals who want to enhance their skills and knowledge in managing supplier relationships effectively. L4M6 exam covers a wide range of topics related to supplier management, including contract management, supplier performance management, and supplier risk management.

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L4M6 Certification Sample Questions - L4M6 Pdf Dumps

All these three CIPS L4M6 exam questions formats contain the real and updated L4M6 exam questions. These CIPS Supplier Relationships (L4M6) exam questions are being presented in practice test software and PDF dumps file formats. The L4M6 desktop practice test software is easy to use and install on your desktop computers. Whereas the other CIPS L4M6 web-based practice test software is concerned, this is a simple browser-based application that works with all operating systems. Both practice tests are customizable, simulate actual exam scenarios, and help you overcome mistakes.

CIPS L4M6 Exam, also known as the CIPS Supplier Relationships exam, is a comprehensive assessment that evaluates a candidate's knowledge and understanding of the supplier relationship management process. L4M6 exam is designed for procurement professionals who want to enhance their skills in managing supplier relationships and improve the effectiveness of their procurement strategies. It is an essential exam for individuals who have completed the CIPS Level 4 Diploma in Procurement and Supply and want to progress further in their procurement career.

CIPS Supplier Relationships Sample Questions (Q159-Q164):

NEW QUESTION # 159
A medical consumables buyer has adopted a close relationship approach with their suppliers that are considered to be complicated, technical suppliers. Is this the right approach?

A. Yes, as all the items supplied are off the shelf
B. Yes, as the items are of high financial risk
C. No, as there are only a small number of suppliers in the marketplace
D. No, as there is often a supply risk with items offered

Answer: B

Explanation:
Complex and technical suppliers often involve high financial risks due to the critical nature of their products.
A close relationship ensures better collaboration, risk management, and value generation.

NEW QUESTION # 160
Value for money is often described at the 'three Es'; economy, efficiency and effectiveness. However some people consider a 4th E which refers to the public sector. What is the fourth E?

A. Ethics
B. Environment
C. Equity
D. Equality

Answer: C

Explanation:
Equity is the fourth E- this means the extent to which the service is available. See p.65 for details on the 4 Es

NEW QUESTION # 161
A company has just hired a new cleaning firm to clean their offices. The specification for the clean was detailed in an appendix in the contract and included a list of pre-approved products that the cleaning firm should use. The cleaners that were sent to site had not read the contract and therefore did not use the appropriate products. What is the reason for the failure of this?

A. Communication overload
B. Miscommunication
C. Poor communication
D. Distortion of the facts

Answer: C

Explanation:
This is an example of poor-communication. The information was not passed from the person who signed the contract to the staff on site who were to do the cleaning. See p.158 on communication issues.

NEW QUESTION # 162
Partnership sourcing is often considered a 'high-risk' strategy for a buyer. Which of the following is not a risk generally associated with partnership sourcing?

A. Sharing commercially sensitive data with another party
B. Single-sourcing may leave the buyer without a supply if the supplier goes into liquidation
C. Supplier may become complacent
D. Reduced waste in the supply chain

Answer: D

Explanation:
The correct answer is 'Reduced waste in the supply chain' - this is not a risk, this is a benefit P.134

NEW QUESTION # 163
Why is it more difficult for buyers in the public sector to build relationships with suppliers?

A. There are regulations that state competitive tender processes must be undertaken regularly
B. Buyer power is strong in the public sector
C. Buyer power is weak in the public sector
D. There are regulations prohibiting public sector buyers from developing relationships

Answer: A

Explanation:
It can be difficult for buyers in the private sector to build relationships with suppliers because of rules that state competitive tenders must be undertaken every few years (within the EU this is usually every 4). This means that both parties aren't as invested in developing the relationship as it's possible the contact will end shortly. Competitive tendering is a requirement in the public sector to ensure value for money for taxpayers. See p.79 for further details. There are no rules stating Public Sector organisations can't have good relationships with suppliers, and in fact most will have good relationships with their current suppliers- the issue is that neither party can get too invested in the relationship as everyone knows it may end shortly. There are rules, however, against entering into Partnership relationships (which is discussed in chapter 3).

NEW QUESTION # 164
......

L4M6 Certification Sample Questions: https://www.dumpexams.com/L4M6-real-answers.html

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