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CIPS L4M6 Certification Exam is designed for procurement and supply chain professionals who are looking to enhance their knowledge and skills in managing supplier relationships. L4M6 exam covers a range of topics related to supplier management, including supplier selection and evaluation, contract management, performance measurement, and improvement strategies. CIPS Supplier Relationships certification is recognized globally and is highly valued by employers in the procurement and supply chain industry.
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To take the CIPS L4M6 Certification Exam, candidates must have completed the CIPS Level 4 Diploma in Procurement and Supply or have an equivalent qualification. L4M6 exam is computer-based and consists of 60 multiple-choice questions which must be completed in two hours. The questions are designed to test the candidate's understanding of the key concepts and principles of supplier relationship management.
CIPS Supplier Relationships Sample Questions (Q231-Q236):
NEW QUESTION # 231
Kinky Boots Ltd provides high heeled shoes in large sizes. Their target market are Drag Queens. There are a couple of rival shoe manufacturers in this market and Kinky Boots Ltd offer the cheapest high heels. What strategy is Kinky Boots Ltd employing in terms of competitive advantage?
- A. cost leadership
- B. differentiation focus
- C. differentiation
- D. cost focus
Answer: D
Explanation:
This is 'cost focus' - Kinky Boots is both focusing on being a cost leaser (by providing the cheapest products) and focusing on a niche market (drag queens). When these two strategies are combined it is called 'cost focus'. There's a couple of questions on Porter's Generic Strategies in the exam- there's a useful diagram of this on P.13
NEW QUESTION # 232
The Queen Victoria is a traditional British pub which serves a range of alcoholic beverages. It has a partnership relationship with a local brewery which supplies several types of beer and cider. Logistics is a key concern for the Queen Victoria as deliveries must be made when there is room in the cellar to store the barrels of beer and cider. In what ways could the logistics risk be reduced?
- A. Batch ordering
- B. Issuing POs electronically.
- C. Using several suppliers instead of one
- D. Sharing up-to-date information
Answer: D
Explanation:
The logistics risk can be reduced by 'Sharing up-to-date information'. If the Pub tells the supplier when it's running low, they can then time the deliveries more accurately.
P. 136. A lot of the questions on the 'Partnerships' chapters of the book are common-sense questions like this. It involves reading the question and using logic, rather than relying on your knowledge of procurement. If you found this question easy - that's a good sign for the exam.
NEW QUESTION # 233
When outsourcing, which legislation details the rights of employees who may find themselves now working for the outsourcing company?
- A. OJEU
- B. PCR 2015
- C. TUPE
- D. ITT
Answer: C
Explanation:
The correct answer is TUPE: Transfer of Undertakings (Protection of Employment). Details on TUPE can be found on p.115
NEW QUESTION # 234
Andrew runs a factory that makes cakes. Vanilla Extract is a vital ingredient in Andrew's cakes and this is a monopolistic market. Andrew has noticed recently that the quality of the supplier's product has reduced, and this has led to several complaints from customers. Andrew is considering entering into a Partnership with this supplier as he believes this will help increase the supplier's performance. Is this the correct thing to do?
- A. No- Andrew should outsource the vanilla extract.
- B. No- Andrew should use an alternative supplier
- C. Yes- partnership sourcing will improve sales figures
- D. Yes- partnership sourcing can improve performance which will ultimately satisfy the end customer
Answer: D
Explanation:
The correct answer is 'Yes- partnership sourcing can improve performance which will ultimately satisfy the end customer'. The important thing to note in this Question: is the word 'monopolistic'. This means that there are no alternative suppliers- so the 'no' options are wrong- there are no alternative suppliers and no opportunity to outsource. The other answer is incorrect as sales figures isn't Andrew's concern - it's the complaints and quality of the product. Improving performance to satisfy end customers is therefore his main driver for considering a Partnership. See p. 127 for more information on Drivers of Partnership Sourcing. This comes up a lot in the exam
NEW QUESTION # 235
Innovation is a key consideration when entering into a partnership. Is this statement true?
- A. No- innovation is best achieved in a contractual relationship where KPIs can be monitored closely.
- B. Yes- joint innovation projects are often a strong motivation for entering into a partnership
- C. No- the key consideration when entering a partnership is cost reduction
- D. Yes- innovation is the only reason to enter into a partnership
Answer: B
Explanation:
The correct answer is 'Yes- joint innovation projects are often a strong motivation for entering into a partnership'. The other options are simply not true statements. A lot of the questions on the 'Partnerships' chapters of the book are common-sense questions like this. It involves reading the Question: and using logic, rather that relying on your knowledge of procurement. If you found this Question: easy - that's a good sign for the exam.
NEW QUESTION # 236
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