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| Certification Vendor: | CIPS (Chartered Institute of Procurement & Supply) |
|---|---|
| Exam Name: | Supplier Relationships |
| Exam Number: | L4M6 |
| Exam Format: | Multiple Choice Questions (MCQ), Objective Response Exam, Scenario-based questions |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Exam Price: | Varies by region (typically ~£80–£120 per module exam fee range in UK centres) |
| Real Exam Qty: | 60 (Objective Response MCQ) |
| Passing Score: | Approximately 50% (CIPS does not always publish a fixed numeric pass mark) |
| Certificate Validity Period: | 5 years (CIPS qualification validity / CPD requirement dependent) |
| Related Certifications: | CIPS Level 4 Diploma in Procurement and Supply |
| Recommended Training: | Approved CIPS Training Providers (search portal) CIPS Study Hub |
| Exam Registration: | CIPS Official Qualifications Page |
| Sample Questions: | CIPS L4M6 Sample Questions |
| Exam Way: | Computer-based exam at authorised test centres or remote online proctored exam (depending on CIPS provider availability) |
| Pre Condition: | No formal prerequisite exams required, but Level 3 Diploma knowledge or equivalent procurement experience is recommended by CIPS. |
| Official Syllabus URL: | https://www.cips.org/qualifications/diplomas/diploma-in-procurement-and-supply/ |
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CIPS L4M6 certification exam is an advanced level certification exam that focuses on the key concepts and principles of supplier relationships. L4M6 exam is designed for procurement professionals who want to enhance their skills and knowledge in managing supplier relationships effectively. L4M6 Exam covers a wide range of topics related to supplier management, including contract management, supplier performance management, and supplier risk management.
NEW QUESTION # 225
Hungry Sandwich Co. produces over 5,000 freshly made sandwiches on-site every day. The main ingredient that Hungry Sandwich Co. buys is bread. It is the item they spend the most money on, and they have a long- term partnership agreement with a local bakery to manufacture and supply fresh bread every morning. Using a supplier positioning matrix, which is the appropriate category for bread for Hungry Sandwich Co.?
Answer: C
Explanation:
Bread is a strategic item due to its high spend and critical role in daily operations. A partnership approach ensures consistent quality and reliability, aligning with strategic supplier management principles.
NEW QUESTION # 226
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: B
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 # 227
A software developer is seeking to develop a new fitness trends app. They are looking to create a contract with a fitness expert to give advice on the type of changing fitness trends. What agreement should the app developer aim to achieve?
Answer: D
Explanation:
A partnering relationship fosters collaboration and ensures the fitness expert is actively involved in developing insights, which is crucial for innovation and mutual success in a knowledge-sharing environment.
NEW QUESTION # 228
A restricted market is a market where there are only a small number of capable and competent suppliers. Which of the following is not a reason for a marketplace to be restricted?
Answer: A
Explanation:
The correct answer is 'The product is easy to source elsewhere'. The other three are given as reasons a marketplace might be restricted on p.138. Other reasons also include; brand loyalty, difficult access to distribution channels, and companies colluding.
NEW QUESTION # 229
Joseph works as a category manager for a large electricity supply company. His company is one of six electricity companies in the country. All have a high annual spend on the same specifications of cable. There are only five cable manufacturers capable of supplying the cables. Joseph has established all the suppliers use the same raw materials using the same types of manufacturing lines. Prices tendered by all suppliers are very similar. After paying for the cable, Joseph's company spends an additional 25% on moving and installing the cable. In order to enable Joseph to gain advantage over the other electricity companies, which type of supplier relationship should he adopt?
Answer: B
Explanation:
A partnership relationship allows Joseph to collaborate with suppliers on cost savings in manufacturing, logistics, and installation, providing a competitive edge over rival companies.
NEW QUESTION # 230
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