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| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Supplier Relationships |
| Exam Number: | L4M6 |
| Exam Format: | Multiple choice |
| Certificate Validity Period: | N/A (exam module within diploma) |
| Passing Score: | 50 |
| Related Certifications: | CIPS Level 4 Diploma in Procurement and Supply |
| Exam Price: | N/A (included in course fees) |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Real Exam Qty: | 50 |
| 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 exam, also known as CIPS Supplier Relationships, is a crucial exam for professionals seeking to advance their careers in procurement and supply chain management. L4M6 exam focuses on the strategic management of supplier relationships, which is a critical aspect of procurement. L4M6 Exam Tests the candidate's knowledge of the best practices for building and maintaining strong relationships with suppliers, which can lead to improved performance, increased cost savings, and better risk management.
NEW QUESTION # 223
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?
Answer: C
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 # 224
Which of the following activities are likely to be undertaken in Pareto Analysis?
* Focusing on items that will leverage procurement's time in order to add value
* Identifying items into leverage and strategic, thus helping to prioritise procurement activities
* Separating items into critical few and trivial many to determine areas of higher spend
* Helping to determine the buyer's attractiveness to the supplier
Answer: A
Explanation:
Pareto Analysis is based on the 80/20 principle, which CIPS uses to help procurement professionals:
* Identify the small number of items accounting for the majority of spend or value
* Focus effort where it adds the most value
Key activities include:
* Prioritising procurement time and resources (Statement 1 #)
* Separating spend into critical few and trivial many (Statement 3 #)
Statement 2 relates to Kraljic portfolio analysis, and Statement 4 relates to supplier preferencing, not Pareto.
L4M6 Reference:
* Learning Outcome 1: Understand procurement analysis and segmentation tools
* Topic: Pareto (80/20) analysis
* CIPS L4M6 Study Guide - Spend analysis and prioritisation
NEW QUESTION # 225
Barry is a procurement manager at Sea Biscuits, a company which manufactures biscuits in the shape of dolphins and starfish. He works in an office that orders stationary regularly for its 100 person workforce. Stationary is a low-spend category item and Barry often orders stationary from different suppliers based on which supplier can provide the item the cheapest at that point in time. According to the Kraljic matrix, what type of suppliers provides stationary to Barry?
Answer: B
Explanation:
Stationary is a routine item; it is ordered often (as Barry uses different suppliers), it is a low category spend, and low risk to the business' operations (a late delivery of pens isn't going to stop the company making its biscuits). There are lots of questions on Kraljic in the exam - do revise this topic and ensure you understand each of the four quadrants of the matrix (see p.20)
NEW QUESTION # 226
Which of the following are primary activities, according to Porter's Value Chain? Select THREE.
Answer: B,D,E
Explanation:
This question refers to Porter's Value Chain (p.35). There's a couple of questions on this in the exam so try to learn it. Primary activities are; inbound logistics, operations, outbound logistics, marketing and sales, after sales- service
NEW QUESTION # 227
A local council requires facilities management services for ten schools based in their region. This service is a high-spend, high-risk, critical contract. Which sourcing approach would be the most appropriate?
Answer: B
Explanation:
Competitive tendering is the most suitable approach for high-risk, high-value contracts as it ensures transparency, fairness, and the selection of the most capable supplier based on predefined criteria.
NEW QUESTION # 228
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