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CIPS L4M6 Exam Overview:

Certification Vendor:CIPS
Exam Name:Supplier Relationships
Exam Number:L4M6
Certificate Validity Period:N/A (exam module within diploma)
Real Exam Qty:50
Available Languages:English
Passing Score:50
Exam Duration:90 minutes
Exam Format:Multiple choice
Related Certifications:CIPS Level 4 Diploma in Procurement and Supply
Exam Price:N/A (included in course fees)
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 certification exam is ideal for professionals who want to specialize in supplier relationship management. CIPS Supplier Relationships certification covers a wide range of topics, including the development of supplier relationships, supplier performance management, and negotiation skills. L4M6 Exam is recognized globally, and certified professionals are highly sought after by employers in the procurement and supply chain management industry.

CIPS Supplier Relationships Sample Questions (Q238-Q243):

NEW QUESTION # 238
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: C

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 # 239
In the 1990s a company spent a lot of time and money developing a device that you could carry around that could play CDs. The product spent a long time in development but when it was released the sales figures were very disappointing. This was in part due to the fact another product was released at a similar time which had much more developed technology and could play music without the cumbersome size of a portable CD player. Which of the following did the company not consider when developing the product?

Answer: D

Explanation:
The portable CD player has been replaced with a substitute product. This threat wasn't considered by the company and this resulted in poor sales. There are many questions in the exam on Porter's 5 Forces - see p. 39


NEW QUESTION # 240
Which of the following is not a stage in the relationship life-cycle?

Answer: A


NEW QUESTION # 241
Which of the following are considered value-adding primary activities?
* Inbound logistics
* Firm infrastructure
* Technology development
* Marketing and sales

Answer: A

Explanation:
Comprehensive and Detailed Explanation:
In Michael Porter's Value Chain model, primary activities are those that are directly involved in the creation and delivery of a product or service. These include:
* Inbound Logistics:Activities related to receiving, storing, and distributing inputs internally.
* Operations:Transforming inputs into the final product.
* Outbound Logistics:Distributing the final product to customers.
* Marketing and Sales:Activities that inform buyers about products and services, induce buyers to purchase them, and facilitate their purchase.
* Service:Activities that maintain and enhance the product's value, such as customer support and repair services.
Firm infrastructure and technology development are considered support activities, as they assist the primary activities in helping the organization achieve its competitive advantage.
Reference:
CIPS L4M6 Study Guide


NEW QUESTION # 242
Kyle Crant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over £10,000. What is the primary aim of this policy?

Answer: C

Explanation:
Comprehensive and Detailed Explanation:
Obtaining multiple quotations for contracts over a certain value ensures that the organization assesses various options, promoting competition and transparency. This practice helps in achieving value for money by comparing different suppliers' offerings.
Reference:
CIPS L4M6 Study Guide


NEW QUESTION # 243
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