CIPS L4M6 WEB-BASED PRACTICE TEST

CIPS L4M6 Web-Based Practice Test

CIPS L4M6 Web-Based Practice Test

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Keeping the dynamic CIPS Supplier Relationships (L4M6) exam content in mind, we provide updated and reliable L4M6 test material. We also offer free CIPS Dumps updates for up to 1 year after your purchase. We only provide cost-effective CIPS Supplier Relationships (L4M6) exam practice material. A 24/7 customer service can also help you in case of any problem. Don't wait for your success if the best CIPS Supplier Relationships (L4M6) exam preparation material is available on our platform. You can get actual CIPS Supplier Relationships (L4M6) exam questions and prepare for your test in a short time. If you have any issue, please contact our customer support.

The CIPS Supplier Relationships certification exam is suitable for procurement professionals who are involved in managing supplier relationships and are seeking to improve their understanding of the key principles, concepts and best practices that underpin effective supplier relationship management. L4M6 Exam covers a wide range of topics including the importance of supplier segmentation, supplier performance measurement, supplier collaboration, contract management, and supplier risk management.

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CIPS L4M6 exam, also known as the CIPS Supplier Relationships exam, is a professional certification exam designed for procurement and supply chain professionals who are looking to enhance their knowledge and skills in managing supplier relationships. L4M6 exam is part of the Chartered Institute of Procurement and Supply (CIPS) Level 4 Diploma in Procurement and Supply qualification, which is globally recognized as a benchmark for excellence in the procurement profession.

To prepare for the CIPS L4M6 Certification Exam, candidates should review the syllabus and familiarize themselves with the topics covered in the exam. Candidates can also attend training courses and webinars, and study relevant books and articles to enhance their knowledge and understanding of supplier relationships. Mock exams and practice tests are also available to help candidates prepare for the exam and identify areas where they may need to focus their studies.

CIPS Supplier Relationships Sample Questions (Q209-Q214):

NEW QUESTION # 209
Which of the following would you use to qualify new suppliers? Select THREE.

  • A. commitment
  • B. collection
  • C. call
  • D. clean
  • E. cost

Answer: A,D,E

Explanation:
This is based on a real exam question- it's looking to see if you can remember Carter's 10 Cs. These are; cash, cost, consistency, culture, clean, communication, competency, capacity, commitment and control. (p.12 in the text book)


NEW QUESTION # 210
Value for money in the private sector is concerned with what?

  • A. Getting the best price possible
  • B. Ensuring taxpayers' money is spent wisely
  • C. Shareholder profit and business benefit
  • D. Getting the best quality possible

Answer: C

Explanation:
Value for money in the private sector is about achieving shareholder profit and busines benefit (p.66). In the public sector it is about ensuring taxpayers' money is spent wisely. Value for money is a mixture of price and quality.


NEW QUESTION # 211
Which of the following would be benefits of partnership sourcing? Select TWO that apply.

  • A. Reduction in costs
  • B. Reduction in inflation
  • C. Continuity of supply
  • D. No need for contracts
  • E. Reduction in stakeholder numbers

Answer: A,C

Explanation:
Partnership sourcing improves efficiency through cost reduction and ensures continuity of supply by fostering long-term, collaborative relationships with key suppliers, as highlighted in CIPS guidelines.


NEW QUESTION # 212
Philip is working with a supplier where the annual spend is low but the market risk is high. What portfolio analysis category would be appropriate?

  • A. Leverage
  • B. Strategic
  • C. Non-critical
  • D. Bottleneck

Answer: D

Explanation:
Comprehensive and Detailed Explanation:
In the Kraljic Matrix, a 'Bottleneck' item is characterized by low financial impact but high supply risk. These items may be sourced from a limited number of suppliers or involve complex logistics, making them susceptible to supply disruptions. Managing bottleneck items requires strategies focused on risk mitigation, such as developing alternative suppliers or holding strategic stock reserves.
Reference:
CIPS L4M6 Study Guide


NEW QUESTION # 213
A garden centre has recently purchased some lollypop sticks to use as plant labels. The staff have written the name of the plant on the lollypop stick and put it next to the plant. This helps them identify which plant is which. However, after a couple of weeks, the lollypop sticks have become mouldy and the writing has faded.
Staff are now struggling to identity their plants. The Manager of the garden centre is considering returning the lollypop sticks and asking for a full refund as they were not fit for purpose. Can the Manager do this?

  • A. Yes- so long as the manager kept the receipt
  • B. Yes- the lollypop sticks have gone mouldy- this is unacceptable
  • C. No- as this was not the lollypop sticks intended purpose
  • D. No- the manager cannot prove that the product is faulty

Answer: C

Explanation:
The correct answer is 'no- as this was not the lollypop sticks intended purpose'. When deciding if something is fit for purpose, you must consider its intended and common purpose. In this case it would be for making lollypops. As the garden centre is using them for something other than their intended purpose, they can't complain if it doesn't work. Fit for purpose is discussed on p.65 p.s. there's a question like this in the real exam - it's just not lollypop sticks ; )


NEW QUESTION # 214
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