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CIPS L4M6 exam is a globally recognized qualification that demonstrates a candidate's proficiency in supplier relationship management. It provides candidates with the knowledge and skills they need to manage supplier relationships effectively, which is essential for achieving organizational goals. L4M6 Exam is recognized by employers worldwide and can enhance a candidate's career prospects in procurement and supply chain management.
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CIPS L4M6 Certification Exam covers a wide range of topics related to supplier management, including the importance of effective supplier relationships, the various types of supplier relationships, supplier selection and evaluation processes, contract negotiation and management, and supplier performance measurement and improvement. L4M6 Exam also assesses candidatesโ knowledge of ethical and sustainable procurement practices, as well as their ability to identify and mitigate supplier risks.
NEW QUESTION # 188
A garden centre has recently purchased some lollypop sticks to use as plant labels. The staff have written the name of the plant on the lollypop stick and put it next to the plant. This helps them identify which plant is which. However, after a couple of weeks, the lollypop sticks have become mouldy and the writing has faded. Staff are now struggling to identity their plants. The Manager of the garden centre is considering returning the lollypop sticks and asking for a full refund as they were not fit for purpose. Can the Manager do this?
Answer: B
Explanation:
The correct answer is 'no- as this was not the lollypop sticks intended purpose'. When deciding if something is fit for purpose, you must consider its intended and common purpose. In this case it would be for making lollypops. As the garden centre is using them for something other than their intended purpose, they can't complain if it doesn't work. Fit for purpose is discussed on p.65 p.s. there's a Question: like this in the real exam - it's just not lollypop sticks ; )
NEW QUESTION # 189
Which of the following is a valid reason for ending a relationship with a supplier?
Answer: B
Explanation:
CIPS state the following reasons for the end of supplier relationships; the contract comes to a natural end, the contract is re-tendered, a material breach or the supplier becomes insolvent (p.15) In this case the only valid option is 'the contract has ended'.
NEW QUESTION # 190
The ABC Analysis, also known as the Pareto Analysis, is a technique that can be used by procurement to which purpose?
Answer: D
Explanation:
ABC / Pareto is a "Portfolio Analysis Technique to assess the relationships in a supply chain". This, along with the Kraljic Matrix are two examples of "Supplier Positioning Models". See chapter 2.1 p.17 for more details on this
NEW QUESTION # 191
Which of the following would you use to qualify new suppliers? Select THREE.
Answer: A,D,E
Explanation:
This is based on a real exam question- it's looking to see if you can remember Carter's 10 Cs. These are; cash, cost, consistency, culture, clean, communication, competency, capacity, commitment and control. (p.12 in the text book)
NEW QUESTION # 192
Innovation is a key consideration when entering into a partnership. Is this statement true?
Answer: D
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 # 193
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