L4M6 Exam Bootcamp: CIPS Supplier Relationships & L4M6 Original Questions & L4M6 Exam Prep

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CIPS L4M6 certification exam is designed for procurement and supply chain professionals who are looking to enhance their knowledge and skills in managing supplier relationships. L4M6 exam covers a range of topics related to supplier management, including supplier selection and evaluation, contract management, performance measurement, and improvement strategies. CIPS Supplier Relationships certification is recognized globally and is highly valued by employers in the procurement and supply chain industry.

CIPS L4M6 exam is a critical component of the CIPS Level 4 Diploma in Procurement and Supply, and it focuses on the importance of supplier relationships in procurement and supply chain management. It is a challenging exam that requires a deep understanding of procurement and supply chain management concepts and principles. Passing L4M6 Exam is a significant achievement that demonstrates a commitment to professional development and opens up new opportunities for career advancement in the procurement and supply chain management field.

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CIPS L4M6 Exam is a three-hour written exam, which consists of six questions. L4M6 exam is computer-based and is available in multiple languages. The questions are designed to test the candidate's understanding of the key concepts covered in the syllabus and their ability to apply this knowledge to real-world scenarios. Candidates must achieve a minimum of 50% to pass the exam.

CIPS Supplier Relationships Sample Questions (Q41-Q46):

NEW QUESTION # 41
The ABC Analysis, also known as the Pareto Analysis, is a technique that can be used by procurement to which purpose?

A. cost engineering
B. relationship spectrum
C. supplier positioning
D. cost analysis

Answer: C

Explanation:
ABC / Pareto is a "Portfolio Analysis Technique to assess the relationships in a supply chain". This, along with the Kraljic Matrix are two examples of "Supplier Positioning Models". See chapter 2.1 p.17 for more details on this

NEW QUESTION # 42
Which of the following are features of a partnership sourcing relationship compared with a traditional adversarial relationship? Select TWO that apply.

A. Emphasis on inspection of incoming supplies
B. Emphasis on short-term relationship
C. Emphasis on quality with zero defects
D. Emphasis on long-term relationship
E. Emphasis on the lowest price

Answer: C,D

Explanation:
Partnerships emphasize mutual goals such as quality improvement and long-term collaboration, contrasting with adversarial relationships that focus on cost and short-term gains.

NEW QUESTION # 43
Early Supplier Involvement can be described as a collaborative relationship between a buyer and a supplier to develop a new project. Handfield's model describes four different levels of supplier involvement ranging from none to 'black box' (which is when the design is primarily driven by the supplier. What other level features on this model?

A. Red Box- when the supplier provides legal advice to the buyer on areas such as copywrite
B. Blue Box - when the buyer creates the product without input from the supplier
C. White Box - when there is informal integration and the buyer consults with a supplier on a design
D. Grey Box - when the involvement is buyer driven

Answer: C

Explanation:
The Handfield ESI model is on p.98 and comprises of Black Box, Grey Box, White Box and None. Therefore Red and Blue can be automatically discounted. The correct answer is White Box as the definition given is correct. Grey Box is a formalised supplier integration; joint development activity between buyer and supplier. I have no idea why Handfield calls his system after coloured boxes- but it's only briefly mentioned in the study guide and is not likely to be a big topic in the exam.

NEW QUESTION # 44
Which of the following relationship types would you consider using for a Main Contractor on a building construction project, who will be responsible for co-ordinating the activities of other suppliers?

A. closer tactical
B. partnership
C. co-destiny
D. transactional

Answer: A

Explanation:
in tiered supply chains, a closer-tactical relationship could be used between a buyer and a supplier who will be responsible for co-ordinating the activities of other suppliers (p.8 of the textbook).

NEW QUESTION # 45
Which of the following are the stages of team development?

A. Beginning, working, reviewing, performing
B. Forming, storming, norming, performing
C. Starting, forming, benchmarking, performing
D. Introducing, forming, managing, performing

Answer: B

Explanation:
The stages of team development as defined by Tuckman include forming, storming, norming, and performing.
These stages reflect how teams evolve and mature through collaboration and problem-solving.

NEW QUESTION # 46
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L4M6 Exam Bootcamp: CIPS Supplier Relationships & L4M6 Original Questions & L4M6 Exam Prep

100% Pass Fantastic L4M6 - New CIPS Supplier Relationships Exam Sample

CIPS Supplier Relationships Sample Questions (Q41-Q46):

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