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| Certification Vendor: | CIPS (Chartered Institute of Procurement & Supply) |
|---|---|
| Exam Name: | Supplier Relationships |
| Exam Number: | L4M6 |
| Certificate Validity Period: | 5 years (CIPS qualification validity / CPD requirement dependent) |
| Passing Score: | Approximately 50% (CIPS does not always publish a fixed numeric pass mark) |
| Available Languages: | English |
| Exam Price: | Varies by region (typically ~ยฃ80โยฃ120 per module exam fee range in UK centres) |
| Real Exam Qty: | 60 (Objective Response MCQ) |
| Related Certifications: | CIPS Level 4 Diploma in Procurement and Supply |
| Exam Format: | Objective Response Exam, Scenario-based questions, Multiple Choice Questions (MCQ) |
| Exam Duration: | 90 minutes |
| 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 is an essential qualification for procurement and supply chain professionals who wish to advance their careers. CIPS Supplier Relationships certification demonstrates the candidate's expertise in managing supplier relationships and their ability to deliver value to their organization. CIPS Supplier Relationships certification is recognized globally and is highly valued by employers, making it an excellent investment for professionals seeking to enhance their career prospects in the field of procurement and supply chain management.
NEW QUESTION # 260
Partnership relationships are long-term relationships without a defined end period. Is this statement TRUE?
Answer: D
Explanation:
The correct answer is 'Yes-partnerships do not have end dates because they involve significant investment'. This is explained on p.126. Partnerships can involve contracts - so the other 'yes' answer is incorrect.
NEW QUESTION # 261
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: A
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 # 262
In public sector procurement, according to EU legislation, certain items must be procured via open- competition. What type of items are these?
Answer: C
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 # 263
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 # 264
A supplier wishes to develop a new blood collection system for healthcare but needs to work with a clinical expert to develop the device. Why would a partnership be the best approach?
Answer: C
Explanation:
Comprehensive and Detailed Explanation:
Developing a new blood collection system is a complex task that requires specialized knowledge and expertise. A partnership allows the supplier to collaborate closely with a clinical expert, combining their respective strengths to innovate effectively. This collaborative approach is essential for technically complicated supplies where joint development efforts can lead to better outcomes.
Reference:
CIPS L4M6 Study Guide
NEW QUESTION # 265
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