L4M6 Exam Duration | L4M6 Online Test

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CIPS L4M6 Exam Syllabus Topics:

SectionObjectives
Topic 1: Managing Supplier Relationships- Contract and relationship control
  • 1. Communication mechanisms and governance structures
    • 2. Managing conflict and dispute resolution
      - Supplier performance management
      • 1. KPIs and performance measurement
        • 2. Supplier evaluation and appraisal
          Topic 2: Partnering and Collaboration- Supply chain integration
          • 1. Long-term relationship development
            • 2. Risk and benefit sharing in partnerships
              - Strategic partnerships
              • 1. Collaboration models and alliance structures
                • 2. Joint value creation and innovation
                  Topic 3: Dynamics of Supplier Relationships- Relationship development factors
                  • 1. Cultural and organisational alignment
                    • 2. Trust and communication
                      - Nature of buyer-supplier relationships
                      • 1. Types of supplier relationships (transactional, collaborative, strategic)
                        • 2. Power, dependence, and interdependence in supply chains

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                          L4M6 Online Test & L4M6 Examcollection Questions Answers

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                          CIPS Supplier Relationships Sample Questions (Q247-Q252):

                          NEW QUESTION # 247
                          Which of the following are primary activities, according to Porter's Value Chain? Select THREE.

                          Answer: A,C,D

                          Explanation:
                          This question refers to Porter's Value Chain (p.35). There's a couple of questions on this in the exam so try to learn it.
                          Primary activities are; inbound logistics, operations, outbound logistics, marketing and sales, after sales- service


                          NEW QUESTION # 248
                          A supplier is working with a buyer who represents a large percentage of his business. Without this particular buyer, the supplier would likely go out of business. There has been a dispute in the last invoice which the buyer is not happy about. What technique should the supplier use when talking to the buyer about this?

                          Answer: B

                          Explanation:
                          The correct answer is 'accommodating'. This Question: is based
                          on the Thomas-Kilmann Conflict model on p.87. This comes up quite a bit in the exam. It is comprised of 5 techniques for dealing with conflict; competing, collaborating, compromising, avoiding and accommodating. In this instance, the supplier should have a high degree of co-cooperativeness and a low degree of assertiveness as the long-term relationship is very important- more important than the outcome of the disputed invoice.


                          NEW QUESTION # 249
                          Which of the following factors would you use to analyse the macro-environment? Select THREE.

                          Answer: C,D,E

                          Explanation:
                          STEEPLE is what is used to analyse the macro-environment; the factors are; social, technological, economic, environmental, political, legislative and ethical. Details of this can be found on p.43-44


                          NEW QUESTION # 250
                          A vehicle company has a partnering relationship with the manufacturer of its engines. The manufacturer is considered a key partner and is already involved in product development at the vehicle company in several strategic projects. The car company and engine manufacturer have integrated systems for a just-in-time (JIT) delivery. Is this an example of a significant integration partnership?

                          Answer: B

                          Explanation:
                          Comprehensive and Detailed Explanation:
                          The described relationship includes:
                          * Joint Product Development:Collaborative involvement in strategic projects indicates a deep partnership.
                          * Integrated Systems:JIT delivery systems require synchronized operations, reflecting significant integration.
                          These elements are hallmarks of a significant integration partnership.
                          Reference:
                          "Strategic Supply Chain Partnership"-ResearchGate: Strategic Supply Chain Partnership


                          NEW QUESTION # 251
                          In the Purchasing Portfolio Matrix, a leverage product is a product in a market where it is easy to switch suppliers and the quality is standardized. Is this TRUE or FALSE?

                          Answer: B

                          Explanation:
                          Leverage products are characterized by high spend and low complexity, giving buyers the ability to negotiate favorable terms due to supplier competition and standardization.


                          NEW QUESTION # 252
                          ......

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