Title: Visual CIPS L4M6 Cert Test | L4M6 Study Tool [Print This Page] Author: leoblac406 Time: 13 hour before Title: Visual CIPS L4M6 Cert Test | L4M6 Study Tool P.S. Free & New L4M6 dumps are available on Google Drive shared by Lead2Passed: https://drive.google.com/open?id=1DMZuS5FawDjfzeFZi25hpqdkRyC7-0gg
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Successful completion of the CIPS L4M6 Certification Exam demonstrates that an individual has the necessary knowledge and skills to effectively manage supplier relationships and drive value for their organization. CIPS Supplier Relationships certification is recognized globally and can lead to increased job opportunities, higher salaries, and greater professional recognition.
Quiz CIPS - Efficient L4M6 - Visual CIPS Supplier Relationships Cert TestAll kinds of exams are changing with dynamic society because the requirements are changing all the time. To keep up with the newest regulations of the L4M6 exam, our experts keep their eyes focusing on it. Our L4M6 practice materials are updating according to the precise of the real exam. Our L4M6 Test Prep can help you to conquer all difficulties you may encounter. In other words, we will be your best helper. We are sure that L4M6 will help you pass the exam and get a good grade. CIPS Supplier Relationships Sample Questions (Q193-Q198):NEW QUESTION # 193
Which of the following is a way of improving supplier commitment and loyalty?
A. Over-promising the supplier future work
B. Have a stand-off approach to the relationship
C. Imposing excessive performance penalties
D. Providing guaranteed order levels
Answer: D
Explanation:
Improving supplier commitment and loyalty is a core theme of Supplier Relationship Management (SRM) within L4M6. CIPS emphasises that long-term, collaborative relationships encourage suppliers to invest time, resources, and innovation into the buyer relationship.
Providing guaranteed order levels reduces supplier uncertainty and risk, improving trust and encouraging commitment. This aligns with the concept of mutual dependency and relationship stability, which strengthens supplier loyalty.
The other options are incorrect because:
* A stand-off approach discourages collaboration
* Over-promising future work damages trust if unmet
* Excessive penalties create adversarial relationships
L4M6 Reference:
* Learning Outcome 3: Understand approaches to managing supplier relationships
* Topic: Supplier commitment, trust, and collaboration
* CIPS L4M6 Study Guide - Relationship spectrum and SRM principles
NEW QUESTION # 194
What is the correct order of the stages of team development?
A. Forming, storming, norming, performing
B. Storming, forming, performing, norming
C. Forming, norming, performing, storming
D. Storming, forming, norming, performing
Answer: A
Explanation:
The correct answer is Forming, storming, norming, performing (p.91). Note; some people add on two additional stages to this; mourning and adjourning. The study guide forgets to mention this, but the exam may ask you about these additional stages. So I strongly recommend doing some further reading on this (it's called the Tuckman Group Development Model)
NEW QUESTION # 195
Robbie is a procurement manager at a public sector organisation. He is running a tender which is worth £2m and so will advertise this on OJEU. His manager has reminded Robbie to include CPV codes on the tender.
What purpose would this serve?
A. To ensure suppliers can find the opportunity
B. To ensure more suppliers bid for the tender
C. To ensure only qualified suppliers bid for the tender
D. To ensure suppliers know the deadline for tender submission
Answer: A
Explanation:
CPV codes help suppliers find opportunities they can bid for. CPV codes are a numerical classification for products e.g. Strawberry Jam is 15332296 and when they are included on a Tender, any supplier who is registered with that same CPV code will get a notification that the tender is live. CPV codes are discussed on p.72 but not in much detail- so don't worry if you don't know much about them. So long as you know the above, you'll be fine.
NEW QUESTION # 196
When using portfolio analysis, in which segment would you place a product with high expenditure, potentially provided by a large number of suppliers?
A. Critical
B. Acquisitive
C. Leverage
D. Strategic
Answer: C
Explanation:
Comprehensive and Detailed Explanation:
In the Kraljic Matrix, products are categorized based on supply risk and profit impact:
* Leverage items:These have a high profit impact but low supply risk. They are often high-expenditure items available from multiple suppliers, allowing the buyer to leverage purchasing power to negotiate better terms.
Given the product has high expenditure and is available from many suppliers, it fits into the 'Leverage' category.
Reference:
CIPS L4M6 Study Guide
NEW QUESTION # 197
A supermarket is struggling with sales and has done an analysis on its competitors. It has discovered that it has two major competitors; one provides groceries at a much cheaper price and another that provides only organic products. The supermarket has decided that it wants to continue providing groceries to a wide target audience but that it will compete by offering superior customer service. What is the supermarket's source of competitive advantage?
A. cost focus
B. cost leadership
C. differentiation focus
D. differentiation
Answer: D
Explanation:
This is differentiation as the target market is broad. Differentiation focus would be if the supermarket was targeting a niche market. There's a couple of questions on Porter's Generic Strategies in the exam- there's a useful diagram of this on P.13
NEW QUESTION # 198
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