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CIPS L4M6 Exam Overview:

Certification Vendor:	CIPS
Exam Name:	Supplier Relationships
Exam Number:	L4M6
Available Languages:	English
Passing Score:	50
Exam Duration:	90 minutes
Exam Format:	Multiple choice
Exam Price:	N/A (included in course fees)
Related Certifications:	CIPS Level 4 Diploma in Procurement and Supply
Certificate Validity Period:	N/A (exam module within diploma)
Real Exam Qty:	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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Our L4M6 practice exams lower the likelihood of failing and are optimal for self-evaluation. You can access the web-based CIPS Supplier Relationships (L4M6) practice exam online without having to install any software. All browsers and operating systems support our web-based L4M6 Practice Test. Every Windows computer supports our desktop CIPS L4M6 practice exam software, enabling you to prepare for the L4M6 test without an active internet connection. You can customize the time and types of these CIPS Questions.

CIPS L4M6 or CIPS Supplier Relationships Certification Exam is designed for procurement professionals who are responsible for managing supplier relationships. CIPS, which stands for Chartered Institute of Procurement and Supply, is a globally recognized professional body that offers certification exams to individuals who want to enhance their skills and knowledge in procurement and supply chain management. The CIPS L4M6 Exam is one of the certification exams offered by CIPS and is targeted towards procurement professionals who want to develop their understanding and skills in managing supplier relationships.

CIPS Supplier Relationships Sample Questions (Q216-Q221):

NEW QUESTION # 216
Which of the following is a stage in the relationship lifecycle?

A. Measuring
B. Graduation
C. Testing
D. Decline

Answer: D

Explanation:
The relationship lifecycle typically involves phases such as initiation, development, maturity, and decline.
Decline is the final stage where the relationship's effectiveness diminishes, necessitating review or termination. This aligns with CIPS guidelines, which emphasize monitoring and evaluating relationships over time to identify when changes or termination are required.

NEW QUESTION # 217
A doctor's surgery requires a complex database system to manage all of its patients data, which is highly sensitive. The system also needs to link to other departments of the health service such as physiotherapy and intensive care. The Manager of the surgery is considering outsourcing the management of the database to an IT company. What is the Manager's main motivation for doing this?

A. This will free-up internal resources
B. The supplier is an expert in their field
C. This will result in economies of scale
D. This will result in cost-savings

Answer: B

Explanation:
The reason for outsourcing in this example is that the IT firm is an expert in their field. The requirement is complex and important and this is the reason why it is not being delivered in-house. The other answers given CAN be reasons for out-sourcing, but don't relate to this example. For a full list of reasons a company could use outsourcing see p. 4-5

NEW QUESTION # 218
In a monopoly market, which of the following statements is true?

A. bargaining power of buyers is strong
B. There is a threat of new entrants
C. There is strong rivalry
D. bargaining power of suppliers is strong

Answer: D

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 # 219
A hospital located in a remote area experiences difficulties in attracting staff and regularly uses a staffing agency. Human resourcing is critical due to patient safety risks. The agency has been categorised as a strategic supplier. Which sourcing relationship should be adopted?

A. Competitive sourcing
B. Transactional sourcing
C. Partnership sourcing
D. Tactical sourcing

Answer: C

Explanation:
Strategic suppliers are those that are critical to business continuity and risk management. CIPS states that such suppliers require:
* Long-term commitment
* High levels of trust
* Joint planning and collaboration
Given the impact on patient safety and service continuity, a partnership sourcing relationship is appropriate, enabling shared responsibility, performance management, and continuous improvement.
Transactional or competitive sourcing would not provide the stability required.
L4M6 Reference:
* Learning Outcome 3: Understand supplier relationship strategies
* Topic: Strategic suppliers and partnerships
* CIPS L4M6 Study Guide - Supplier segmentation and SRM

NEW QUESTION # 220
Grey Stone Memorial Hospital is a private medical facility which has an idea for a vaccine to a deadly disease, but does not have the capacity to make the vaccine itself. It is considering partnering with a well-known pharmaceutical company in order to bring the vaccine to market. What is the biggest risk to Grey Stone?

A. Intellectual Property Rights
B. Uninformed stakeholders
C. Increased Costs
D. Low quality product

Answer: A

Explanation:
The correct answer is 'Intellectual Property Rights'. Grey Stone will need to share its idea for the vaccine with the pharmaceutical company and this is risky if there is no trust between the parties. See p.134 for more information on Risks of Partnerships.

NEW QUESTION # 221
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