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| Certification Vendor: | CIPS (Chartered Institute of Procurement and Supply) |
|---|---|
| Exam Name: | Supplier Relationships |
| Exam Number: | L4M6 |
| Related Certifications: | Level 3 Advanced Certificate in Procurement and Supply Operations Level 5 Advanced Diploma in Procurement and Supply Management |
| Available Languages: | English |
| Exam Price: | ยฃ235.00 / $190 USD |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | Valid for life; no renewal required |
| Passing Score: | 70% |
| Real Exam Qty: | 60 |
| Exam Format: | Scenario-based questions, Multiple-choice questions |
| Recommended Training: | CIPS Official Learning Materials CIPS OnDemand Online Course |
| Exam Registration: | CIPS Official Registration |
| Sample Questions: | CIPS L4M6 Sample Questions |
| Exam Way: | Computer-based; available at test centres or via remote invigilation |
| Pre Condition: | No formal prerequisites; recommended basic knowledge of procurement principles or completion of Level 3 qualifications |
| Official Syllabus URL: | https://www.cips.org/qualifications/level-4-diploma-in-procurement-and-supply/l4m6-supplier-relationships/ |
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Supply chains are the backbone of modern businesses, and the success of any organization depends on its ability to effectively manage its suppliers. The Chartered Institute of Procurement & Supply (CIPS) L4M6 Certification in Supplier Relationships is designed to equip procurement professionals with the skills and knowledge necessary to manage supplier relationships effectively. CIPS Supplier Relationships certification is aimed at procurement professionals who wish to develop their expertise in supplier management and enhance their career prospects.
NEW QUESTION # 184
Red Manufacturing work with around 40 different suppliers. One of these suppliers is Blue Business. Red Manufacturing order regularly from Blue Business, and have never had any issues with their performance.
The materials Blue Business supply are of low value and there are several other suppliers of these materials in the market. What type of relationship should Red Manufacturing seek to have with Blue Manufacturing?
Answer: B
Explanation:
The correct answer is 'arms length'. This is a tactical purchase (as it is low value) and keeping the supplier at arms-length means that Red Manufacturing could possibly exploit them to reduce their prices (think back to the Kraljic matrix and where Blue Business would likely fall). A Partnership or Single- Source relationship requires investment into the relationship, and as the products are low value and Red Manufacturing have a lot of other suppliers, they should not be investing time in developing that relationship with Blue Business. An adversarial relationship wouldn't be advantageous as it may lower the performance of the supplier. See the relationship spectrum on p.5 - this is a hot topic for the exam
NEW QUESTION # 185
Is it correct to suggest that the sole objective of partnership sourcing is to achieve the lowest acquisition cost?
Answer: C
Explanation:
Comprehensive and Detailed Explanation:
Partnership sourcing is a strategic approach that emphasizes long-term collaboration between buyers and suppliers to achieve mutual benefits. While achieving a competitive acquisition cost is a component, it is not the sole objective. Partnership sourcing also focuses on:
* Quality Improvement:Ensuring that products or services meet or exceed quality standards.
* Innovation:Collaborating on new product development and process improvements.
* Risk Management:Sharing information to anticipate and mitigate risks.
* Supply Chain Efficiency:Streamlining processes to reduce lead times and inventory levels.
Therefore, while cost is important, partnership sourcing encompasses a broader range of objectives aimed at creating value for both parties.
Reference:
CIPS L4M6 Study Guide
NEW QUESTION # 186
A garden centre has recently purchased some lollypop sticks to use as plant labels. The staff have written the name of the plant on the lollypop stick and put it next to the plant. This helps them identify which plant is which. However, after a couple of weeks, the lollypop sticks have become mouldy and the writing has faded.
Staff are now struggling to identity their plants. The Manager of the garden centre is considering returning the lollypop sticks and asking for a full refund as they were not fit for purpose. Can the Manager do this?
Answer: C
Explanation:
The correct answer is 'no- as this was not the lollypop sticks intended purpose'. When deciding if something is fit for purpose, you must consider its intended and common purpose. In this case it would be for making lollypops. As the garden centre is using them for something other than their intended purpose, they can't complain if it doesn't work. Fit for purpose is discussed on p.65 p.s. there's a question like this in the real exam - it's just not lollypop sticks ; )
NEW QUESTION # 187
A hospital located in a remote area of the country experiences difficulties in attracting and recruiting staff.
Therefore, the hospital regularly has to use temporary staff from a staffing agency. Human resourcing is critical, as a reduced workforce would result in patient safety issues and the cancellation of urgent appointments. The procurement team has categorised the staffing agency as a strategic supplier to the organisation. Which of the following sourcing relationships should the procurement team adopt with the agency?
Answer: A
Explanation:
CIPS defines strategic suppliers as those that are critical to organisational performance, continuity of service, and risk management. In this scenario, the staffing agency directly impacts:
* Patient safety
* Operational continuity
* Service delivery
For strategic suppliers, CIPS recommends adopting a partnership sourcing relationship, characterised by:
* Long-term collaboration
* High levels of trust and communication
* Joint problem-solving and planning
* Shared responsibility for performance outcomes
Transactional, tactical, or competitive sourcing approaches focus on short-term cost and flexibility and are not appropriate where service failure could have severe consequences.
L4M6 Reference:
* Learning Outcome 3: Understand approaches to managing supplier relationships
* Topic: Strategic suppliers and partnership sourcing
* CIPS L4M6 Study Guide - Supplier segmentation and relationship strategies
NEW QUESTION # 188
Which of the following are advantages for the buyer of entering into a partnership? Select TWO.
Answer: B,D
Explanation:
The correct answers are; They are likely to be able to gain price stability and There may be greater continuity of supply. The other options are an advantage for the supplier rather than the buyer (They will gain an increased volume of business) and a disadvantage of entering into a partnership (The supplier may become complacent). As you may have guessed from these questions - Partnerships come up a LOT in the exam. See p.130 for info on pros and cons of partnerships.
NEW QUESTION # 189
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