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[General] New L4M6 Exam Bootcamp - L4M6 Authorized Pdf

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【General】 New L4M6 Exam Bootcamp - L4M6 Authorized Pdf

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Our L4M6 test questions are compiled by domestic first-rate experts and senior lecturer and the contents of them contain all the important information about the test and all the possible answers of the questions which maybe appear in the test. Our L4M6 test practice guide' self-learning and self-evaluation functions, the statistics report function, the timing function and the function of stimulating the test could assist you to find your weak links and have a warming up for the Real L4M6 Exam. You will feel your choice to buy L4M6 reliable exam torrent is too right.
It is normally not a bad thing to pass more exams and get more certifications. In fact to a certain degree, CIPS certifications will be magic weapon for raising position and salary. Finding latest L4M6 valid exam questions answers is the latest and simplest method for young people to clear exam. Our exam dumps include PDF format, soft test engine and APP test engine three versions. L4M6 Valid Exam Questions answers will cover all learning materials of real test questions.
L4M6 Authorized Pdf | L4M6 Valid Exam QuestionsBy imparting the knowledge of the L4M6 exam to those ardent exam candidates who are eager to succeed like you, they treat it as responsibility to offer help. So please prepare to get striking progress if you can get our L4M6 Study Guide with following steps for your information. With our L4M6 learning materials for 20 to 30 hours, we can claim that you will be confident to go to write your L4M6 exam and pass it.
CIPS L4M6 exam, also known as the CIPS Supplier Relationships exam, is an important certification program for procurement professionals who are looking to deepen their knowledge and skills in managing supplier relationships. L4M6 Exam is part of the Chartered Institute of Procurement and Supply (CIPS) Level 4 qualification, which is designed to equip procurement professionals with the necessary expertise to succeed in their careers.
CIPS Supplier Relationships Sample Questions (Q253-Q258):NEW QUESTION # 253
Kyle Crant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over £10,000. What is the primary aim of this policy?
  • A. To deliver an agile process
  • B. To enable a reduction in competition
  • C. To allow procurement to select the lowest price
  • D. To ensure value for money is achieved
Answer: D
Explanation:
Comprehensive and Detailed Explanation:
Obtaining multiple quotations for contracts over a certain value ensures that the organization assesses various options, promoting competition and transparency. This practice helps in achieving value for money by comparing different suppliers' offerings.
Reference:
CIPS L4M6 Study Guide

NEW QUESTION # 254
A low-cost fashion retailer based in Europe is looking at adding value in their procurement activities. The retailer buys clothing for resale with a very small profit margin applied, relying on volume sales to make a profit. Which of the following added-value approaches will be the most critical for the procurement team of the retailer to focus on with their supply chain?
  • A. Price management
  • B. Quality enhancement
  • C. Improving timescales
  • D. Reduction of inventory
Answer: A
Explanation:
Price management is crucial for low-cost retailers to maintain profitability. This includes negotiating better pricing, managing costs effectively, and ensuring competitive pricing for volume sales.

NEW QUESTION # 255
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. It isn't possible to tell
  • D. Strategic Spend
Answer: D
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 # 256
Which of the following are considered part of the '5 Rights of Procurement'? Select THREE.
  • A. cost
  • B. place
  • C. focus
  • D. quality
  • E. time
Answer: B,D,E
Explanation:
The 5 Rights of procurement are; place, quality, quantity, time, price. (Price and Cost are not the same thing). See p.38

NEW QUESTION # 257
A car manufacturer orders engine components from a supplier. The engine is the most expensive component and without it production cannot continue. Where should the supplier be positioned in the supply chain?
  • A. Leverage
  • B. Bottleneck
  • C. Strategic
  • D. Routine
Answer: C
Explanation:
Using Kraljic's Portfolio Matrix, CIPS classifies items based on:
* Financial impact
* Supply risk
Engines have:
* High financial value
* High supply risk, as production cannot proceed without them
This places the supplier firmly in the strategic quadrant, requiring close relationship management, risk mitigation, and long-term collaboration.
L4M6 Reference:
* Learning Outcome 2: Understand supply positioning and risk
* Topic: Kraljic portfolio analysis
* CIPS L4M6 Study Guide - Strategic items and supplier relationships

NEW QUESTION # 258
......
All L4M6 exam questions are available at an affordable cost and fulfill all your training needs. UpdateDumps knows that applicants of the L4M6 examination are different from each other. Each candidate has different study styles and that's why we offer our CIPS Supplier Relationships L4M6 product in three formats. These formats are CIPS L4M6 PDF, desktop practice test software, and web-based practice exam.
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