L4M6 Latest Test Format, Latest L4M6 Exam Dumps

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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 exam covers a range of topics related to managing supplier relationships, including understanding supplier performance, developing supplier improvement plans, managing supplier risk, and implementing supplier governance. These topics are essential for procurement professionals who work with suppliers to ensure that their organization meets its strategic goals and objectives. L4M6 Exam is designed to equip procurement professionals with the knowledge and skills needed to manage supplier relationships effectively.

The CIPS Supplier Relationships certification exam is intended for procurement and supply chain professionals seeking to enhance their skills and knowledge in managing supplier relationships. These professionals may include procurement managers, supply chain managers, category managers, and purchasing professionals. L4M6 exam is designed to assess the candidates' understanding of the key concepts and principles of supplier relationship management and their ability to apply them in real-world scenarios.

CIPS Supplier Relationships Sample Questions (Q17-Q22):

NEW QUESTION # 17
A partnership approach to a buyer-supplier relationship, as opposed to a traditional adversarial approach, would have which of the following characteristics?

A. Increased supplier contractual terms
B. Greater levels of transparency
C. Shared cost benefits
D. Specifications designed by the buyer

Answer: B,C

Explanation:
Partnerships are built on trust and transparency, with shared benefits such as cost reductions and improved processes. Adversarial relationships, in contrast, focus on price and contractual obligations.

NEW QUESTION # 18
Which of the following are NOT one of the four key principles of procurement in the EU?

A. Proportionality
B. Value for Money
C. Non-Discrimination
D. Transparency

Answer: B

Explanation:
Value for money is not a principle of EU procurement. The four key principles are; transparency, non-discrimination, proportionality and equality of treatment. The principles are basically about ensuring the procurement process is fair. See p.75

NEW QUESTION # 19
Which of the following are elements of a business that can develop a company's competitive advantage?
Select THREE.

A. cost leadership
B. organisation culture
C. human resource management
D. natural resources
E. cost focus

Answer: B,C,D

Explanation:
This is one of those questions you have to read carefully- it asks for 'elements of a business'. Cost focus and cost leadership are ways a company can improve their competitive advantage, but they're not elements of a business. The other three options are. Porter created a list of elements of a business that can help a company's competitive advantage- these can be found on p.33-34

NEW QUESTION # 20
Which of the following would be benefits of partnership sourcing? Select TWO that apply.

A. Reduction in costs
B. Continuity of supply
C. Reduction in inflation
D. No need for contracts
E. Reduction in stakeholder numbers

Answer: A,B

Explanation:
Partnership sourcing improves efficiency through cost reduction and ensures continuity of supply by fostering long-term, collaborative relationships with key suppliers, as highlighted in CIPS guidelines.

NEW QUESTION # 21
A large office orders weekly from a stationery supplier. The items are low-cost, and if the delivery is a day late, it does not affect the running of the office. Where would this supplier be positioned in a supplier matrix?

A. Routine
B. Bottleneck
C. Critical
D. Leverage

Answer: A

Explanation:
Routine suppliers provide low-value, low-risk items with minimal operational impact. These suppliers are managed with minimal engagement or oversight in a cost-effective manner.

NEW QUESTION # 22
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L4M6 Latest Test Format, Latest L4M6 Exam Dumps

Trusting Effective L4M6 Latest Test Format Is The First Step to Pass CIPS Supplier Relationships

CIPS Supplier Relationships Sample Questions (Q17-Q22):

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