Title: L4M6 Valid Study Materials Free PDF | Latest L4M6 Updated Testkings: CIPS Suppli [Print This Page] Author: maxbrow257 Time: 3 hour before Title: L4M6 Valid Study Materials Free PDF | Latest L4M6 Updated Testkings: CIPS Suppli What's more, part of that Test4Sure L4M6 dumps now are free: https://drive.google.com/open?id=1PQ_Pa_K3keB-jorrIH_h6ZcOz18LoHW1
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CIPS L4M6 (CIPS Supplier Relationships) Certification Exam is designed to evaluate the knowledge and skills of procurement professionals in managing and developing successful supplier relationships. CIPS Supplier Relationships certification is ideal for individuals who are responsible for supplier selection, evaluation, and development, as well as for those who are involved in negotiating contracts and managing supplier performance.
CIPS L4M6 Certification Exam is an excellent way to demonstrate to employers that you have the skills and knowledge required to manage supplier relationships effectively. Achieving this certification can help you stand out from other candidates when applying for procurement and supply chain management roles. It can also help you progress in your career and open up new opportunities for advancement.
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CIPS L4M6 Certification Exam, also known as CIPS Supplier Relationships, is a globally recognized qualification designed for procurement professionals who want to enhance their knowledge and skills in managing supplier relationships. CIPS Supplier Relationships certification provides candidates with the theoretical and practical understanding of effective supplier relationship management, which is crucial for achieving sustainable procurement practices. CIPS Supplier Relationships Sample Questions (Q209-Q214):NEW QUESTION # 209
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. Low levels of profitability
B. Strong governmental regulation
C. High barriers to entry
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 # 210
Which one of the following would constitute a succession issue when terminating a relationship?
A. Deletion of old specifications
B. Continuity of supplies
C. Processing penalties
D. Payment of old invoices
Answer: B
Explanation:
Ensuring continuity of supplies is critical during termination to avoid disruptions. Succession issues focus on maintaining essential operations while transitioning to new suppliers or arrangements.
NEW QUESTION # 211
The CEO of a business has asked his procurement manager to source new machinery for the factory. This machinery will help create a new line of products which will give the company a competitive edge. The CEO is heavily invested in this procurement activity as profits have been lower than expected this year and this new line of products could help increase profitability. How should the procurement manager include the CEO in the procurement activity?
A. The CEO is a key player- so should be given regular updates on progress
B. It is important to keep the CEO informed of all decisions that are made
C. It is important to keep the CEO satisfied as he runs the business
D. The CEO is a key player- so it is important he is involved early in the process
Answer: D
Explanation:
The correct answer is 'The CEO is a key player- so it is important he is involved early in the process'. The CEO has high power and high interest which puts him in the top right-hand corner of Mendelow's Stakeholder Matrix (p.81). CIPS says Key Players should be involved early in the procurement process (p.82).
NEW QUESTION # 212
Construct Builders Ltd works very closely with a supplier called Solid Timber Co on house-building projects.
They have a very close working relationship, sharing investment, setting pricing levels, and looking at sharing resources. The two companies also work closely together to set strategic directions and explore new markets for long-term growth. There is no formal contract in place between the two companies. Using the relationship spectrum, what relationship does this scenario best describe?
A. Transactional
B. Constructive
C. Co-operative
D. Partnership
Answer: D
Explanation:
The relationship reflects a partnership due to the strategic alignment, resource sharing, and focus on long-term growth, even without a formal contract. CIPS highlights that partnerships are based on trust and collaboration.
NEW QUESTION # 213
Which of the following would not affect rivalry in a marketplace? Select TWO.
A. industry growth or decline
B. exit barriers
C. legislative changes
D. supply chain disruption
E. switching costs
Answer: C,D
Explanation:
Legislative changes wouldn't affect rivalry in a market as all suppliers would be equally as affected, the same with supply chain disruptions. Factors which do affect rivalry include; industry growth and decline, product differences, brand identity, switching costs, diversity of competitors and exit barriers. These are listed on p.41