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CIPS L4M6 certification exam is suitable for procurement and supply chain professionals who are responsible for managing supplier relationships at different levels of the organization. This includes procurement managers, category managers, supply chain managers, and contract managers, among others. L4M6 Exam is also suitable for those who are interested in pursuing a career in procurement and supply chain management.
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CIPS L4M6 Exam is suitable for procurement professionals who want to enhance their skills and knowledge in supplier relationship management. It is recommended for individuals who have completed the CIPS L4M4 exam, as it builds on the concepts covered in that exam. It is also suitable for individuals who are responsible for managing supplier relationships, such as procurement managers and supply chain professionals.
NEW QUESTION # 198
Which of the following is an advantage for the suppler of entering into a partnership with a buyer?
Answer: B
Explanation:
The correct answer is 'They may gain an increased volume of business'. The other options are just not true. See p.130 for advantages and disadvantages of partnerships from both the buyer and supplier's perspective. This is a hot topic for the exam.
NEW QUESTION # 199
Which of the following would be the most likely driver for a manufacturing organisation to consider partnership sourcing?
Answer: A
Explanation:
Shortening product life cycles require close collaboration and innovation between buyer and supplier to stay competitive. Partnership sourcing provides shared development, reduced lead times, and improved responsiveness. Stable markets or falling costs do not justify partnerships; they are best suited for high-risk, fast-changing environments.
NEW QUESTION # 200
Which of the following would not affect rivalry in a marketplace? Select TWO.
Answer: A,E
Explanation:
Legislative changes wouldn't affect rivalry in a market as all suppliers would be equally as affected, the same with supply chain disruptions. Factors which do affect rivalry include; industry growth and decline, product differences, brand identity, switching costs, diversity of competitors and exit barriers. These are listed on p.41
NEW QUESTION # 201
A partnership relationship can be described as any relationship between a buyer and supplier where there is a good level of communication and both parties are happy with each other's performance. Is this statement TRUE?
Answer: A
Explanation:
The correct answer is 'No- good levels of communication can exist in other types of relationships'. The study guide makes a point that not all good buyer: supplier relationships are partnerships. In fact 70% on supplier relationships will not be partnerships (according to Lambert who is quoted on p.131)
NEW QUESTION # 202
Under what circumstances should a competitive tender not be completed? Select TWO.
Answer: B,D
Explanation:
Note the word 'NOT' in the question. In order for a competitive tender to be successful, there should be a clear specification in place (i.e. you need to know what you want, in order for suppliers to bid for it).
Competitive tendering should also only be used for high value purchases; it's time consuming to do, so you wouldn't do it for low value items such as pens for the office. Therefore the correct answer to this question is
'items are of low value' and 'there isn't a clear specification'. There's a useful table on p.73 of when you would and wouldn't use a competitive tender.
NEW QUESTION # 203
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