L4M6: CIPS Supplier Relationships Dumps & PassGuide L4M6 Examen

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CIPS L4M6 Exam Syllabus Topics:

SectionWeightObjectives
Improving Supplier Relationships15%- Sustainability and ethical considerations
- Process improvement and value creation
- Risk management and resilience
Conflict and Dispute Resolution20%- Approaches to negotiation and resolution
  • 1. Negotiation styles and techniques
    • 2. Formal and informal dispute resolution
      - Sources of conflict in relationships
      Dynamics of Relationships in Supply Chains30%- Sources of added value through relationships
      - Competitive forces and external factors
      • 1. Porter's five forces
        • 2. STEEPLED influences
          - Types of commercial relationships
          • 1. Internal and external relationships
            • 2. Relationship spectrum and life cycle
              - Portfolio analysis techniques
              • 1. Matrices for positioning and assessment
                • 2. Developing improvement action plans
                  Approaches to Managing Supplier Relationships35%- Supplier selection and evaluation
                  • 1. Performance measurement and monitoring
                    • 2. Criteria and methods for selection
                      - Relationship management strategies
                      • 1. Contractual and relational governance
                        • 2. Partnership and collaborative approaches
                          - Communication and stakeholder engagement
                          • 1. Managing internal and external stakeholders
                            • 2. Effective communication protocols

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                              CIPS Supplier Relationships L4M6 Prüfungsfragen mit Lösungen (Q111-Q116):

                              111. Frage
                              Which of the following are not stages of team development? Select TWO.

                              Antwort: A,E

                              Begründung:
                              This question is very, very similar to a real exam Question: and is
                              a really mean one. The CIPS study guide describes stages of team development as forming, storming, norming and performing. Of those listed in the book only forming is listed above. What the textbook fails to tell you is that some people add on two additional stages to this model which are mourning and adjourning. I strongly recommend doing some further reading on this (it's called the Tuckman Group Development Model) as it comes up a lot in the exam and the study guide doesn't really go into enough detail.


                              112. Frage
                              A comprehensive approach to managing the termination of a contractual relationship would include ...

                              Antwort: B

                              Begründung:
                              Comprehensive and Detailed Explanation:
                              Effective contract termination involves addressing any breaches through agreed-upon remedies and compensation. This ensures that both parties are treated fairly and that any disputes are resolved in accordance with the contract terms.
                              Reference:
                              CIPS L4M6 Study Guide


                              113. Frage
                              Partnership relationships are long-term relationships without a defined end period. Is this statement TRUE?

                              Antwort: B

                              Begründung:
                              The correct answer is 'Yes-partnerships do not have end dates because they involve significant investment'.
                              This is explained on p.126. Partnerships can involve contracts - so the other 'yes' answer is incorrect.


                              114. Frage
                              A low-cost fashion retailer based in Europe is looking at adding value in their procurement activities. The retailer buys clothing for re-sale with a very small profit margin applied, relying on volume salesto make profit. Which of the following added-value approaches will be the most critical for the procurement team of the retailer to focus on with their supply chain?

                              Antwort: B

                              Begründung:
                              For low-cost, high-volume business models, maintaining profitability depends on tightly controlled procurement costs. Price management is critical for ensuring competitive pricing while safeguarding slim margins. CIPS L4M6 highlights that effective cost management and price negotiation are essential in such scenarios.


                              115. Frage
                              Price fluctuations can affect profitability. Is this statement correct?

                              Antwort: B

                              Begründung:
                              Profitability is impacted when product costs rise without corresponding price adjustments. Understanding cost- price relationships is key to managing profitability in procurement.


                              116. Frage
                              ......

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