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CIPS L4M6 exam is aimed at procurement professionals who are responsible for managing supplier relationships within their organization. This includes procurement managers, supply chain managers, and purchasing managers, as well as other professionals involved in the procurement process. L4M6 Exam is designed to test the candidate's knowledge and understanding of the key principles and best practices of supplier relationship management, as well as their ability to apply this knowledge in real-world situations.

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CIPS L4M6 Certification Exam is an internationally recognized qualification that demonstrates a professional’s ability to manage supplier relationships effectively. It is a valuable qualification for procurement and supply chain professionals who want to advance their careers in this field. CIPS Supplier Relationships certification is also beneficial for organizations that want to demonstrate their commitment to ethical and sustainable business practices.

CIPS Supplier Relationships Sample Questions (Q66-Q71):

NEW QUESTION # 66
An amicable style approach to ending a buyer-supplier relationship would be most appropriate in which of the following circumstances?

A. 3 and 4
B. 1 and 4
C. 1 and 3
D. 1 and 2

Answer: D

Explanation:
An amicable approach is critical when alternative suppliers are limited or when ongoing collaboration is required during the termination period. Maintaining positive relations ensures smooth operations and protects reputations in the marketplace.

NEW QUESTION # 67
Supplier development should be undertaken with all suppliers that a buyer uses. Is this statement TRUE?

A. no- supplier development should only be done with tactical suppliers
B. yes- this will improve efficiencies for the buyer
C. no- supplier development should only be done with strategic suppliers
D. yes- it is important to develop all relationships

Answer: C

Explanation:
Supplier development is time-consuming and resource-intensive so should only be done with strategic suppliers. P.14

NEW QUESTION # 68
Brian Air is a company that is trying to break into the air transport market. Which of the following could be barriers to entry for Brian Air? Select THREE

A. ethical sourcing
B. access to capital
C. licences and permits
D. economies of scale
E. health and safety

Answer: B,C,D

Explanation:
Barriers to entry are economies of scale (in the air travel industry you can't just start off small and grow), access to capital (you need to already have a lot of money to buy airplanes) and licences and permits (you need to ensure you have the correct licences to fly planes). These are listed on p.41. Other barriers include; strong brand identity already dominant in the market, high switching costs for buyers, access to distribution networks and government policy.

NEW QUESTION # 69
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?

A. Yes, as these are low-value items
B. No, as there are many suppliers available
C. No, as these are critical items to the buying organization
D. Yes, as they present a great deal of risk to the organization

Answer: B

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 # 70
Which of the following are NOT one of the four key principles of procurement in the EU?

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

Answer: D

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 # 71
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