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| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Supplier Relationships |
| Exam Number: | L4M6 |
| Exam Price: | N/A (included in course fees) |
| Real Exam Qty: | 50 |
| Related Certifications: | CIPS Level 4 Diploma in Procurement and Supply |
| Passing Score: | 50 |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | N/A (exam module within diploma) |
| Available Languages: | English |
| Exam Format: | Multiple choice |
| Sample Questions: | CIPS L4M6 Sample Questions |
| Exam Way: | Online proctored or paper-based (depending on exam centre) |
| Pre Condition: | No formal prerequisites, but recommended to complete L4M1-L4M5 or have equivalent procurement experience |
| Official Syllabus URL: | https://www.cips.org/ |
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CIPS L4M6 Certification Exam is a rigorous assessment that requires candidates to demonstrate their understanding of the principles and practices of supplier relationship management. L4M6 exam is divided into two parts, a multiple-choice section, and a scenario-based section. The multiple-choice section assesses the candidate's knowledge of the fundamental principles of supplier management, while the scenario-based section evaluates their ability to apply these principles in real-world situations.
NEW QUESTION # 149
A university is working with a software company to develop a new research software package. What consideration would be particularly important before terminating the relationship?
Answer: C
Explanation:
When jointly developing software, intellectual property (IP) rights are a critical consideration. CIPS stresses that procurement professionals must clarify:
* Ownership of developed IP
* Rights to use, modify, or commercialise the software
* Licensing arrangements after contract termination
Before terminating the relationship, the university must ensure it retains the necessary IP rights to continue using or developing the software, or it may lose access to a key asset.
Security, employment, and financial rights are relevant but secondary compared to IP ownership in a collaborative software development arrangement.
L4M6 Reference:
* Learning Outcome 4: Understand legal and contractual aspects of supplier relationships
* Topic: Intellectual property in collaborative relationships
* CIPS L4M6 Study Guide - Contractual considerations and IP protection
NEW QUESTION # 150
A buyer is intending to purchase a new product for their business; however, the market has a large number of suppliers. What would be the most beneficial way for them to initially narrow down the supply options?
Answer: D
Explanation:
Setting minimum standards helps filter suppliers efficiently, ensuring that only capable and reliable suppliers are considered. This approach supports both cost and quality objectives.
NEW QUESTION # 151
A local government procurement team is undertaking a full review of their current internal working processes.
The team of buyers currently have a partnership-style relationship with their routine suppliers. Is this the best relationship style to use?
Answer: C
Explanation:
Routine suppliers typically supply low-value, low-risk items. Maintaining partnerships in such cases is inefficient since alternative suppliers are readily available. Adopting a transactional or adversarial relationship would be more appropriate.
NEW QUESTION # 152
A supplier is working with a buyer who represents a large percentage of his business. Without this particular buyer, the supplier would likely go out of business. There has been a dispute in the last invoice which the buyer is not happy about. What technique should the supplier use when talking to the buyer about this?
Answer: A
Explanation:
The correct answer is 'accommodating'. This Question: is based
on the Thomas-Kilmann Conflict model on p.87. This comes up quite a bit in the exam. It is comprised of 5 techniques for dealing with conflict; competing, collaborating, compromising, avoiding and accommodating. In this instance, the supplier should have a high degree of co-cooperativeness and a low degree of assertiveness as the long-term relationship is very important- more important than the outcome of the disputed invoice.
NEW QUESTION # 153
Security company ARLA has recently won a new contract for guarding a school. Another company, ENA, has previously been providing the contract and employed the current guard who has worked at the school for 5 years. What key legal issue needs to be considered when the current relationship is terminated and the new company takes over?
Answer: A
Explanation:
When contracts for services transfer between providers, TUPE regulations (Transfer of Undertakings - Protection of Employment) apply in many jurisdictions. Employees retain their rights and continue employment under the new employer. Thus, employment rights are the key legal concern.
NEW QUESTION # 154
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