Reliable L4M6 Certification Dumps - Practical & First-Grade L4M6 Materials Free Download for CIPS L4M6 Exam

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CIPS L4M6 or CIPS Supplier Relationships Certification Exam is designed for procurement professionals who are responsible for managing supplier relationships. CIPS, which stands for Chartered Institute of Procurement and Supply, is a globally recognized professional body that offers certification exams to individuals who want to enhance their skills and knowledge in procurement and supply chain management. The CIPS L4M6 exam is one of the certification exams offered by CIPS and is targeted towards procurement professionals who want to develop their understanding and skills in managing supplier relationships.

To take the CIPS L4M6 Certification Exam, candidates must have completed the CIPS Level 4 Diploma in Procurement and Supply or have an equivalent qualification. L4M6 Exam is computer-based and consists of 60 multiple-choice questions which must be completed in two hours. The questions are designed to test the candidate's understanding of the key concepts and principles of supplier relationship management.

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.

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CIPS Supplier Relationships Sample Questions (Q18-Q23):

NEW QUESTION # 18
When developing a supplier partnership, a buyer can take either a strategic or reactive approach. What would be a reason for a reactive approach?

A. You discover that the supplier has a high profit margin
B. The buyer wishes to create a new product and requires input from a supplier
C. It will allow for consolidation in the supply chain
D. Sudden changes in the marketplace

Answer: D

Explanation:
The correct answer is 'Sudden changes in the marketplace' - this is a reason a buyer would be reactive.
Reactive is when something happens to you and it forces you to act in a certain way. The other options would be strategic rather than reactive. P. 163

NEW QUESTION # 19
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. High barriers to entry
B. Strong governmental regulation
C. Low levels of profitability
D. The product is easy to source elsewhere

Answer: D

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 # 20
Which of the following are NOT one of the four key principles of procurement in the EU?

A. Proportionality
B. Non-Discrimination
C. Transparency
D. Value for Money

Answer: D

Explanation:
Value for money is not a principle of EU procurement. The four key principles are; transparency, non-discrimination, proportionality and equality of treatment. The principles are basically about ensuring the procurement process is fair. See p.75

NEW QUESTION # 21
A comprehensive approach to managing the termination of a contractual relationship would include ...

A. Setting aside the value of existing work done by both parties
B. Giving qualitative feedback only
C. Attacking the personalities, not the problem
D. Setting remedies and compensation for contractual breaches

Answer: D

Explanation:
Effective termination includes remedies and compensation to address any contractual breaches, ensuring fairness and compliance with legal and ethical obligations.

NEW QUESTION # 22
Red Ltd and Blue Ltd have had a disagreement over a high value project they have been partnering on. They have been unable to resolve the issues inhouse and Red Ltd has suggested Mediation as an option. Is this a good option?

A. Yes- mediation involves a neutral third party and gets both parties to attempt to reach a compromise
B. No- mediation could have a negative impact on the companies' reputation
C. No- it would be better to solve the disagreement in-house
D. Yes- mediation means the buyer and supplier agree to accept a third party's decision which will solve the disagreement issues

Answer: A

Explanation:
The correct answer is 'Yes- mediation involves a neutral third party and gets both parties to attempt to reach a compromise'. Be careful not to confuse mediation with arbitration - arbitration is when the buyer and supplier agree to accept a third party's decision which will solve the disagreement issues. See p.112 for more information on solving disputes

NEW QUESTION # 23
......

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L4M6 Actual Questions: https://www.2pass4sure.com/CIPS-Level-4-Diploma-in-Procurement-and-Supply/L4M6-actual-exam-braindumps.html

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Reliable L4M6 Certification Dumps - Practical & First-Grade L4M6 Materials Free Download for CIPS L4M6 Exam

CIPS L4M6 Actual Questions & L4M6 Reliable Dumps Book

CIPS Supplier Relationships Sample Questions (Q18-Q23):

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