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CIPS L4M6 Certification Exam is aimed at procurement and supply chain professionals who are involved in supplier selection, negotiation, and management. L4M6 exam covers topics such as supplier evaluation, performance management, risk management, and contract negotiation. CIPS Supplier Relationships certification also focuses on the ethical and sustainable management of supplier relationships.
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Exam Questions for the CIPS L4M6 - Master Your Certification Journey
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CIPS L4M6 Certification Exam is a valuable qualification for procurement professionals who are looking to advance their careers in this field. CIPS Supplier Relationships certification demonstrates to employers that the candidate has a deep understanding of supplier relationship management and is able to apply best practices to their work. It is also a great way to enhance your professional network and to connect with other procurement professionals who share a similar interest in supplier relationship management.
CIPS Supplier Relationships Sample Questions (Q44-Q49):
NEW QUESTION # 44
Richie has come up with a new idea for sourcing items for the business but feels that it will have mixed reviews within the team. He thinks that some people will be in favour of the idea, and some will be against it.
He doesn't think the CEO will have a strong opinion either way. In order to decide whether to put a business case together and present his idea to the CEO- what should Richie do?
- A. Value Engineering Analysis
- B. Force Field Analysis
- C. Cost Analysis
- D. Make vs Buy Analysis
Answer: B
Explanation:
Richie should do a Force Field Analysis - this is explained on p.86 and is an idea of Kurt Lewin - it identifies the driving forces for a project and the restraining forces (basically who will be for it and who will be against it). The textbook doesn't go into much detail on this but there are questions on it in the exam- so have a quick google to familiarise yourself with Kurt Lewin's Force Field Analysis.
NEW QUESTION # 45
ABC is a company which sources a vital component from a supplier. There are only a few suppliers in the industry and without this component, ABC would not be able to produce their final product. What type of relationship should ABC seek to develop with their supplier?
- A. strategic alliance
- B. transactional
- C. arms length
- D. outsource
Answer: A
Explanation:
As the component is vital to their business, ABC should seek a collaborative relationship with the supplier. There are three types of collaborative relationship (co-destiny, partnership and strategic alliance). Of these only strategic-alliance is given as an option. Remember - strategic purchase = collaborative relationship with supplier. There are many questions on the Relationship Spectrum on the exam. See p.5 for more details
NEW QUESTION # 46
When outsourcing, which legislation details the rights of employees who may find themselves now working for the outsourcing company?
- A. TUPE
- B. ITT
- C. PCR 2015
- D. OJEU
Answer: A
Explanation:
The correct answer is TUPE: Transfer of Undertakings (Protection of Employment). Details on TUPE can be found on p.115
NEW QUESTION # 47
Which of the following relationship types would you consider using for a Main Contractor on a building construction project, who will be responsible for co-ordinating the activities of other suppliers?
- A. co-destiny
- B. closer tactical
- C. transactional
- D. partnership
Answer: B
Explanation:
in tiered supply chains, a closer-tactical relationship could be used between a buyer and a supplier who will be responsible for co-ordinating the activities of other suppliers (p.8 of the textbook).
NEW QUESTION # 48
Danny is procuring a new IT software, which he doesn't know much about. He has done a bit of research on the internet but is still unsure how much he can expect to pay. What should be Danny's next step?
- A. Issue an ITT
- B. Issue an OJEU
- C. Issue a RFQ
- D. Issue a RFI
Answer: D
Explanation:
Danny should issue a RFI (Request for Information). His next step would be to find out more about the products available by asking suppliers for information- this will help him put a spec together before he goes out to tender. The other options mean; RFQ - request for quotation- when you ask suppliers to submit a price.
ITT- Invitation to tender - a document you send out to suppliers which details all the information about the tender (this usually involves both price and quality components of assessment). OJEU- Official Journal of the European Union- where tenders for the Public Sector are published. For more info on RFI see p.74
NEW QUESTION # 49
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