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New CIPS L4M6 Test Simulator - L4M6 Exams Training
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To take the CIPS L4M6 certification exam, candidates must have completed the CIPS Level 4 Diploma in Procurement and Supply or an equivalent qualification. L4M6 exam is delivered in a computer-based format, and candidates have two hours to complete it. L4M6 Exam consists of 60 multiple-choice questions, and a pass mark of 70% is required to obtain the certification.
CIPS Supplier Relationships Sample Questions (Q232-Q237):NEW QUESTION # 232
Which of the following are not a valid reasons to terminate a relationship with a supplier? Select TWO.
- A. The supplier has a change in senior management
- B. The supplier becomes insolvent
- C. The supplier made one late delivery
- D. Supply base rationalisation
- E. The supplier suddenly increases prices
Answer: A,C
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 # 233
Varying levels of commitment is one reason why many partnerships fail. Why is this?
- A. Sufficient time and resources are put in
- B. One party doesn't fulfil their KPIs
- C. It can lead to a lack of trust
- D. Less profit is made.
Answer: C
Explanation:
The correct answer is 'It can lead to a lack of trust' - this is a quote from p.162. The other answers are all incorrect; in a partnership KPIs are joint between the parties- so there wouldn't be a situation where one party doesn't fulfil their KPIs. Commitment doesn't necessarily have a direct correlation with profit so that answer is incorrect. 'Sufficient time and resources are put in' is a positive thing, so can't be a reason who a partnership fails.
NEW QUESTION # 234
What are the relationship characteristics of a Partnership?
- A. Sharing ideas and risk
- B. An adversarial relationship
- C. Short-term focus and one-off transactions
- D. Focus on price competitiveness
Answer: A
Explanation:
Partnerships emphasize collaboration, shared risks, and mutual benefits. Unlike adversarial or transactional relationships, they focus on long-term goals and joint value creation.
NEW QUESTION # 235
Which of the following are considered 'wastes' which can be removed from a business? Select THREE.
- A. Stockout
- B. Transportation
- C. Over-processing
- D. Inventory
- E. Equity
Answer: B,C,D
Explanation:
The seven wastes (as defined by Taiichi Ohno) can be remembered as Tim Wood; transportation, inventory, motion, waiting, over-processing, over-production, defects. Some people add an S onto the end of Tim Wood to make Tim Woods (the s is for skills). In some modules of CIPS, they refer to 8 wastes and include skills, but in M6 they've only put the 7 on p.70.
NEW QUESTION # 236
A supplier wishes to develop a new blood collection system for healthcare but needs to work with a clinical expert to develop the device. Why would a partnership be the best approach?
- A. To keep costs down
- B. Because it is a low-risk supply
- C. To gain market share
- D. It is a technically complicated supply
Answer: D
Explanation:
Comprehensive and Detailed Explanation:
Developing a new blood collection system is a complex task that requires specialized knowledge and expertise. A partnership allows the supplier to collaborate closely with a clinical expert, combining their respective strengths to innovate effectively. This collaborative approach is essential for technically complicated supplies where joint development efforts can lead to better outcomes.
Reference:
CIPS L4M6 Study Guide
NEW QUESTION # 237
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