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| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Supplier Relationships |
| Exam Number: | L4M6 |
| Exam Duration: | 90 minutes |
| Passing Score: | 50 |
| Exam Price: | N/A (included in course fees) |
| Exam Format: | Multiple choice |
| Available Languages: | English |
| Real Exam Qty: | 50 |
| Certificate Validity Period: | N/A (exam module within diploma) |
| Related Certifications: | CIPS Level 4 Diploma in Procurement and Supply |
| 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 covers a range of topics related to managing supplier relationships, including understanding supplier performance, developing supplier improvement plans, managing supplier risk, and implementing supplier governance. These topics are essential for procurement professionals who work with suppliers to ensure that their organization meets its strategic goals and objectives. L4M6 Exam is designed to equip procurement professionals with the knowledge and skills needed to manage supplier relationships effectively.
NEW QUESTION # 201
Which of the following is an important step in partnership sourcing?
Answer: D
Explanation:
For partnership sourcing to succeed, senior management buy-in is essential. Selling the idea internally ensures commitment of resources, trust, and long-term strategy alignment. Options A and D undermine partnerships, while B contradicts the open and collaborative nature of partnership sourcing.
NEW QUESTION # 202
What is a disadvantage of including qualitative KPIs into a contract?
Answer: D
Explanation:
The correct answer is 'They are hard to measure' p.103
NEW QUESTION # 203
National Hospital Trust (NHT) has entered into a partnership relationship with a major facilities management provider. The two organizations have agreed on the approach to undertake regular reviews and audits. The audit approach will include which of the following?
Answer: A
Explanation:
Regular reviews focusing on lessons learned and continuous improvement ensure the partnership remains effective and aligned with objectives. This supports ongoing collaboration and operational excellence.
NEW QUESTION # 204
In a monopoly market, which of the following statements is true?
Answer: A
Explanation:
In a monopoly there is only one supplier- therefore their power is strong. Buyers in this market are price takers and their power is weak. There is generally a strong barrier to entry into a monopoly market so the threat of new entrants is low. There is no rivalry. There are many questions in the exam on Porter's 5 Forces - see p. 39
NEW QUESTION # 205
A car manufacturer orders engine components from a supplier. The engine is the most expensive component and without it production cannot continue. Where should the supplier be positioned in the supply chain?
Answer: D
Explanation:
Using Kraljic's Portfolio Matrix, CIPS classifies items based on:
* Financial impact
* Supply risk
Engines have:
* High financial value
* High supply risk, as production cannot proceed without them
This places the supplier firmly in the strategic quadrant, requiring close relationship management, risk mitigation, and long-term collaboration.
L4M6 Reference:
* Learning Outcome 2: Understand supply positioning and risk
* Topic: Kraljic portfolio analysis
* CIPS L4M6 Study Guide - Strategic items and supplier relationships
NEW QUESTION # 206
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