CIPS L4M6 LATEST EXAM FORMAT & L4M6 TEST KING

CIPS L4M6 Latest Exam Format & L4M6 Test King

CIPS L4M6 Latest Exam Format & L4M6 Test King

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CIPS L4M6 exam, also known as the CIPS Supplier Relationships exam, is an important certification program for procurement professionals who are looking to deepen their knowledge and skills in managing supplier relationships. L4M6 exam is part of the Chartered Institute of Procurement and Supply (CIPS) Level 4 qualification, which is designed to equip procurement professionals with the necessary expertise to succeed in their careers.

CIPS L4M6 exam covers a wide range of topics related to supplier relationships, including understanding the importance of developing and maintaining effective supplier relationships, identifying key supplier risks and opportunities, and implementing strategies to improve supplier performance. L4M6 Exam also explores the role of procurement professionals in managing supplier relationships, including effective communication, negotiation, and conflict resolution.

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CIPS Supplier Relationships Sample Questions (Q133-Q138):

NEW QUESTION # 133
Which of the following are NOT one of the four key principles of procurement in the EU?

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

Answer: A

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 # 134
Danny is procuring a new IT software, which he doesn't know much about. He has done a bit of research on the internet but is still unsure how much he can expect to pay. What should be Danny's next step?

  • A. Issue a RFI
  • B. Issue a RFQ
  • C. Issue an ITT
  • D. Issue an OJEU

Answer: A

Explanation:
Danny should issue a RFI (Request for Information). His next step would be to find out more about the products available by asking suppliers for information- this will help him put a spec together before he goes out to tender. The other options mean; RFQ - request for quotation- when you ask suppliers to submit a price. ITT- Invitation to tender - a document you send out to suppliers which details all the information about the tender (this usually involves both price and quality components of assessment). OJEU- Official Journal of the European Union- where tenders for the Public Sector are published. For more info on RFI see p.74


NEW QUESTION # 135
Which of the following is a stage in the relationship lifecycle?

  • A. Graduation
  • B. Measuring
  • C. Testing
  • D. Decline

Answer: D

Explanation:
The relationship lifecycle typically involves phases such as initiation, development, maturity, and decline.
Decline is the final stage where the relationship's effectiveness diminishes, necessitating review or termination. This aligns with CIPS guidelines, which emphasize monitoring and evaluating relationships over time to identify when changes or termination are required.


NEW QUESTION # 136
Which of the following documents would you expect a supplier to submit as part of a Request for Proposal? Select THREE

  • A. Liquidity Ratio
  • B. Risk Assessments
  • C. Method Statements
  • D. Full pricing information
  • E. Gearing Ratio

Answer: B,C,D

Explanation:
You would expect a supplier to submit full pricing information, risk assessments and method statements. However, depending on what you're procuring, you might not need to see risk assessments or method statements. Liquidity and Gearing may be looked at during the Pre-Qualification stage, but wouldn't form part of a RFP. See p.76


NEW QUESTION # 137
Beyond Say is a manufacturer of diamond rings. It sources a lot of different parts to create its products including diamonds, gold, cardboard boxes for the rings to go in, as well as stationary and copier paper for the offices. Although it doesn't buy many diamonds, these represent a large part of Beyond Say's spend. Which category of spend would diamonds represent?

  • A. Critical/Strategic Spend
  • B. It isn't possible to tell
  • C. Operational Spend
  • D. Tactical Spend

Answer: A

Explanation:
This is category 'A' spend in the ABC model - they represent a large value and a small number of purchases / suppliers. See p.17 for more information on the ABC Analysis


NEW QUESTION # 138
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