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CIPS L4M6 Exam Overview:

Certification Vendor:CIPS
Exam Name:Supplier Relationships
Exam Number:L4M6
Related Certifications:CIPS Level 4 Diploma in Procurement and Supply
Real Exam Qty:50
Available Languages:English
Certificate Validity Period:N/A (exam module within diploma)
Exam Format:Multiple choice
Exam Duration:90 minutes
Exam Price:N/A (included in course fees)
Passing Score:50
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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The CIPS L4M6 exam is designed to test the candidate's ability to apply the principles and practices of supplier relationship management in real-world procurement scenarios. L4M6 exam consists of a series of multiple-choice questions, each of which requires the candidate to demonstrate their knowledge and understanding of key concepts related to supplier relationships.

CIPS L4M6 exam is aimed at procurement professionals who are responsible for managing supplier relationships within their organization. This includes procurement managers, supply chain managers, and purchasing managers, as well as other professionals involved in the procurement process. L4M6 Exam is designed to test the candidate's knowledge and understanding of the key principles and best practices of supplier relationship management, as well as their ability to apply this knowledge in real-world situations.

CIPS Supplier Relationships Sample Questions (Q185-Q190):

NEW QUESTION # 185
A partnership was created between a company and one of its local suppliers when the managing directors of each company met and thought partnering could be a good idea. No other departments were included in the discussions. The partnership has been in place for over a year, but neither of the companies has achieved any additional benefits. The company has been unable to offer any increased business to the supplier, and the supplier has been unable to improve on the quality of its products. The partnership is going to be terminated.
What is a possible main reason for the failure of the partnership?

Answer: D

Explanation:
Partnerships require careful planning, including alignment of goals, stakeholder involvement, and clear expectations. Poor planning leads to unmet objectives and lack of value generation, as highlighted by CIPS.


NEW QUESTION # 186
A 'synergy' within a partnership can lead to what?

Answer: C

Explanation:
The correct answer is 'greater creativity'. A synergy is the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts. P.160


NEW QUESTION # 187
When developing a supplier partnership, a buyer can take either a strategic or reactive approach. What would be a reason for a reactive approach?

Answer: D

Explanation:
The correct answer is 'Sudden changes in the marketplace' - this is a reason a buyer would be reactive.
Reactive is when something happens to you and it forces you to act in a certain way.
The other options would be strategic rather than reactive. P. 163


NEW QUESTION # 188
Gabriel is a procurement manager who wishes to explore a new avenue to procure products for his company. His manager has told him that he should invite internal stakeholders to a meeting to get their feedback. Who should Gabriel invite? Select THREE.

Answer: A,B,E

Explanation:
Internal stakeholders are those who work within the business so include the legal department, employees and end-users. End-users mean those people and departments who will be using the product or service. For example if Gabriel is procuring new software- an end-user would be anyone who would be using that software (whether they're employees, volunteers or agencies). CIPS outlines types of stakeholders on p.64


NEW QUESTION # 189
A local government procurement team is undertaking a full review of their current internal working processes.
The team of buyers currently have a partnership-style relationship with their routine suppliers. Is this the best relationship style to use?

Answer: A

Explanation:
Routine suppliers typically supply low-value, low-risk items. Maintaining partnerships in such cases is inefficient since alternative suppliers are readily available. Adopting a transactional or adversarial relationship would be more appropriate.


NEW QUESTION # 190
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