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| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Supplier Relationships |
| Exam Number: | L4M6 |
| Exam Format: | Multiple choice |
| Available Languages: | English |
| Exam Price: | N/A (included in course fees) |
| Real Exam Qty: | 50 |
| Exam Duration: | 90 minutes |
| Related Certifications: | CIPS Level 4 Diploma in Procurement and Supply |
| Passing Score: | 50 |
| Certificate Validity Period: | N/A (exam module within diploma) |
| 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 exam, also known as the CIPS Supplier Relationships exam, is a crucial certification for procurement professionals looking to enhance their understanding and expertise in managing supplier relationships. L4M6 Exam is designed to test the knowledge and skills of procurement professionals in building and maintaining successful supplier relationships, which are critical to the success of any organization.
NEW QUESTION # 22
Barry is a procurement manager at Sea Biscuits, a company which manufactures biscuits in the shape of dolphins and starfish. He works in an office that orders stationary regularly for its 100 person workforce. Stationary is a low-spend category item and Barry often orders stationary from different suppliers based on which supplier can provide the item the cheapest at that point in time. According to the Kraljic matrix, what type of suppliers provides stationary to Barry?
Answer: D
Explanation:
Stationary is a routine item; it is ordered often (as Barry uses different suppliers), it is a low category spend, and low risk to the business' operations (a late delivery of pens isn't going to stop the company making its biscuits). There are lots of questions on Kraljic in the exam - do revise this topic and ensure you understand each of the four quadrants of the matrix (see p.20)
NEW QUESTION # 23
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?
Answer: B
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 # 24
In public sector procurement, according to EU legislation, certain items must be procured via open-competition. What type of items are these?
Answer: D
Explanation:
The correct answer is 'items of high value'. This links into the EU procurement principle of 'Proportionality' meaning that the procurement process must be proportionate to the value of the contract. Therefore, high value contracts must be procured via competition. What is considered 'high value' is decided by 'thresholds'. These are amended every 2 years to account for inflation etc, but you don't need to know what the thresholds are for this exam. P.75
NEW QUESTION # 25
Janet runs a factory which produces 1 million bread rolls every day. It requires a large amount of flour, and for this to be delivered regularly- in time with manufacturing operations. There are very few suppliers in the market place that can deliver the quality of flour Janet requires in the quantities required. Janet has just established a contract with Friendly Flour Limited - what type of supplier is Friendly Flour Limited to Janet?
Answer: C
Explanation:
Friendly Flour Ltd is a strategic supplier; this is a critical supplier, responsible for core products. They represent a high risk impact and a high cost impact. This is the top-right hand corner of the Kraljic matrix. There are lots of questions on Kraljic in the exam - do revise this topic and ensure you understand each of the four quadrants of the matrix (see p.20)
NEW QUESTION # 26
Which of the following are relationship types on the relationship spectrum?
* Adversarial, transactional and outsourcing
* Single sourced, strategic alliance and co-destiny
* Arm's length, strategic alliance and dual sourced
* Closer tactical, leverage and joint ventures
Answer: B
Explanation:
The relationship spectrum runs from adversarial/transactional to collaborative partnerships such as strategic alliances and co-destiny. Also included are mid-spectrum arrangements like single sourcing and arm's length.
Options 2 and 3 list valid relationship types, making 2 and 3 correct.
NEW QUESTION # 27
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