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Candidates who obtain the CIPS L4M6 Certification Exam are recognized as experts in supplier relationship management. CIPS Supplier Relationships certification is a valuable asset for procurement professionals who want to advance their careers or demonstrate their expertise to their colleagues and employers. It is also a requirement for professionals who want to obtain the CIPS Advanced Certificate or the CIPS Professional Diploma in Procurement and Supply.
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CIPS L4M6 exam covers a wide range of topics, including supplier segmentation, supplier performance management, supplier development, and relationship management strategies. Candidates are expected to understand the importance of effective supplier relationship management and the impact it has on the procurement function. They should be able to identify the key factors that influence supplier relationships and develop techniques to manage them effectively. L4M6 exam also evaluates the candidate's ability to analyze supplier data, develop supplier performance metrics, and implement supplier improvement plans. Successful completion of the CIPS L4M6 exam is a testament to a candidate's expertise in supplier relationship management and can enhance their career prospects in the procurement field.
Passing the CIPS L4M6 Certification Exam demonstrates that the candidate has a solid understanding of supplier relationship management and is capable of managing supplier relationships effectively. CIPS Supplier Relationships certification is recognized globally and is highly valued by employers in the procurement and supply chain industry. Candidates who pass the exam are awarded the CIPS L4M6 Certificate in Supplier Relationships, which is a testament to their commitment to professional development and expertise in procurement and supply chain management. CIPS Supplier Relationships Sample Questions (Q198-Q203):NEW QUESTION # 198
Barry is a procurement manager at Sea Biscuits, a company which manufactures biscuits in the shape of dolphins and starfish. He works in an office that orders stationary regularly for its 100 person workforce. Stationary is a low-spend category item and Barry often orders stationary from different suppliers based on which supplier can provide the item the cheapest at that point in time. According to the Kraljic matrix, what type of suppliers provides stationary to Barry?
A. strategic
B. Bottleneck
C. routine
D. leverage
Answer: C
Explanation:
Stationary is a routine item; it is ordered often (as Barry uses different suppliers), it is a low category spend, and low risk to the business' operations (a late delivery of pens isn't going to stop the company making its biscuits). There are lots of questions on Kraljic in the exam - do revise this topic and ensure you understand each of the four quadrants of the matrix (see p.20)
NEW QUESTION # 199
A large construction group has a critical contract with a brick supplier. This represents high-value spend and the contract has a five-year duration. What type of commercial relationship would be the most appropriate?
A. Outsourcing
B. Partnership
C. Closer Tactical
D. Transactional
Answer: B
Explanation:
A partnership is the most appropriate type of relationship for high-value, long-term contracts involving strategic goods or services. This relationship allows both parties to work collaboratively toward common goals, share risks, and ensure continuity and quality over the long term. According to the CIPS L4M6 study materials, partnership relationships are encouraged where there is a high level of interdependence and shared objectives.
NEW QUESTION # 200
Which of the following are not a valid reasons to terminate a relationship with a supplier? Select TWO.
A. Supply base rationalisation
B. The supplier becomes insolvent
C. The supplier suddenly increases prices
D. The supplier made one late delivery
E. The supplier has a change in senior management
Answer: D,E
Explanation:
Two invalid reasons are; one late delivery and a change in senior management. Valid reasons to terminate a relationship are listed on p.107 and include the three listed here, as well as a material breach, damage to reputation and the supplier merges or is acquired by another company.
NEW QUESTION # 201
Which of the following are primary activities, according to Porter's Value Chain? Select THREE.
A. Inbound Logistics
B. Procurement
C. Marketing and Sales
D. Human Resources
E. Operations
Answer: A,C,E
Explanation:
This question refers to Porter's Value Chain (p.35). There's a couple of questions on this in the exam so try to learn it.
Primary activities are; inbound logistics, operations, outbound logistics, marketing and sales, after sales- service
NEW QUESTION # 202
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. The product is easy to source elsewhere
B. Strong governmental regulation
C. Low levels of profitability
D. High barriers to entry
Answer: A
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.
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