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[General] L4M6 Exam Certification Cost - 100% Pass First-grade L4M6 - Vce CIPS Supplier Re

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【General】 L4M6 Exam Certification Cost - 100% Pass First-grade L4M6 - Vce CIPS Supplier Re

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Candidates all around the globe use their full potential only to get CIPS L4M6 certification. Once the candidate is a CIPS certified, he gets multiple good career opportunities in the CIPS sector. To pass the L4M6 Certification Exam a candidate needs to be updated and reliable CIPS Supplier Relationships (L4M6) prep material.
CIPS L4M6 Certification Exam covers a wide range of topics related to supplier management, including the importance of effective supplier relationships, the various types of supplier relationships, supplier selection and evaluation processes, contract negotiation and management, and supplier performance measurement and improvement. L4M6 exam also assesses candidates’ knowledge of ethical and sustainable procurement practices, as well as their ability to identify and mitigate supplier risks.
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.
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CIPS Supplier Relationships Sample Questions (Q32-Q37):NEW QUESTION # 32
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. Routine Spend
  • B. Operational Spend
  • C. Strategic Spend
  • D. It isn't possible to tell
Answer: C
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 # 33
Which of the following are not stages of team development? Select TWO.
  • A. Adjourning
  • B. Accepting
  • C. Mourning
  • D. Achieving
  • E. Forming
Answer: B,D
Explanation:
This question is very, very similar to a real exam Question: and is
a really mean one. The CIPS study guide describes stages of team development as forming, storming, norming and performing. Of those listed in the book only forming is listed above. What the textbook fails to tell you is that some people add on two additional stages to this model which are mourning and adjourning. I strongly recommend doing some further reading on this (it's called the Tuckman Group Development Model) as it comes up a lot in the exam and the study guide doesn't really go into enough detail.

NEW QUESTION # 34
Which of the following are possible drivers for partnership sourcing? Select THREE.
  • A. Working together will create synergies
  • B. The marketplace has become more volatile
  • C. The need to improve performance to satisfy the end customer
    To increase production costs and lead-times
  • D. The protection of intellectual property rights
Answer: A,B,C
Explanation:
The correct answers are; The marketplace has become more volatile, Working together will create synergies and The need to improve performance to satisfy the end customer. Further Drivers of Partnership Sourcing can be found on p.127. The other answers are incorrect as entering a partnership won't protect intellectual property rights- in fact that's one of the big risks of entering into a partnership. Partnerships won't increase costs and lead-times, they're likely to decrease them.

NEW QUESTION # 35
ABC is a company which sources a vital component from a supplier. There are only a few suppliers in the industry and without this component, ABC would not be able to produce their final product. What type of relationship should ABC seek to develop with their supplier?
  • A. outsource
  • B. arms length
  • C. strategic alliance
  • D. transactional
Answer: C
Explanation:
As the component is vital to their business, ABC should seek a collaborative relationship with the supplier.
There are three types of collaborative relationship (co-destiny, partnership and strategic alliance). Of these only strategic-alliance is given as an option. Remember - strategic purchase = collaborative relationship with supplier. There are many questions on the Relationship Spectrum on the exam. See p.5 for more details

NEW QUESTION # 36
Cigarettes and alcohol are often described as having an 'inelastic price'. What does this mean?
  • A. The product is subject to high rates of tax
  • B. Changes in price will not affect how much of the item is bought
  • C. The product is subject to age restrictions
  • D. Changes in price will greatly affect how much of the item is bought
Answer: B
Explanation:
A product with an 'inelastic price' means that consumption doesn't really depend on how much it costs. So you could increase the price of alcohol and cigarettes and people would tend to still buy them. A product with an elastic price means that a change in price would have a large affect on the number of people who bought the item. See p.95 for more details on price elasticity.

NEW QUESTION # 37
......
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