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[General] Pass Guaranteed 2026 CIPS L4M6: Perfect CIPS Supplier Relationships Latest Exam

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【General】 Pass Guaranteed 2026 CIPS L4M6: Perfect CIPS Supplier Relationships Latest Exam

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CIPS L4M6 Certification Exam is aimed at procurement and supply chain professionals who are involved in supplier selection, negotiation, and management. L4M6 exam covers topics such as supplier evaluation, performance management, risk management, and contract negotiation. CIPS Supplier Relationships certification also focuses on the ethical and sustainable management of supplier relationships.
CIPS L4M6 exam, also known as CIPS Supplier Relationships, is an important certification that is designed to help procurement professionals manage their supplier relationships efficiently. L4M6 Exam is ideal for professionals working in the procurement industry who want to enhance their knowledge of supplier management and build their skills to deliver better value for their organization. L4M6 exam focuses on building effective supplier relationships that deliver benefits such as cost savings, more efficient processes and higher quality goods and services.
CIPS Supplier Relationships Sample Questions (Q65-Q70):NEW QUESTION # 65
Which of the following statements are true of a market place which is considered a 'perfect competition'?
Select TWO.
  • A. competition is not strong
  • B. there are no barriers to entry
  • C. competition is at its highest level possible
  • D. suppliers are selling differentiated products
Answer: B,C
Explanation:
In a 'perfect competition' there are no barriers to entry or exit, and competition is at its highest possible level.
For more information on different types of market see p.40

NEW QUESTION # 66
Francisco has entered a partnership with Pedro, who is a key supplier, and wants to ensure that the partnership achieves all of Francisco's goals. As well as qualitative and quantitative KPIs, what other measures could Francisco take to ensure the partnership is a success?
  • A. Ensure there is a damages clause in the contract
  • B. Do frequent appraisals on the supplier
  • C. Conduct regular audits
  • D. Threaten the supplier with termination if he underperforms
Answer: C
Explanation:
The correct answer is 'Conduct regular audits'. This is explained on p.153. You wouldn't do an appraisal on a supplier in a partnership relationship as both parties are equal. Threatening a partner isn't good for the relationship and a damages clause would be used in a contractual relationship rather than a partnership.

NEW QUESTION # 67
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 only qualified suppliers bid for the tender
  • B. To ensure more suppliers bid for the tender
  • C. To ensure suppliers can find the opportunity
  • D. To ensure suppliers know the deadline for tender submission
Answer: C
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 # 68
Which of the following documents would you expect a supplier to submit as part of a Request for Proposal? Select THREE
  • A. Risk Assessments
  • B. Gearing Ratio
  • C. Full pricing information
  • D. Method Statements
  • E. Liquidity Ratio
Answer: A,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 # 69
Partnership sourcing is often considered a 'high-risk' strategy for a buyer. Which of the following is not a risk generally associated with partnership sourcing?
  • A. Supplier may become complacent
  • B. Single-sourcing may leave the buyer without a supply if the supplier goes into liquidation
  • C. Reduced waste in the supply chain
  • D. Sharing commercially sensitive data with another party
Answer: C
Explanation:
The correct answer is 'Reduced waste in the supply chain' - this is not a risk, this is a benefit P.134

NEW QUESTION # 70
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