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L4M6 Pass Guide, New L4M6 Dumps Book

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CIPS L4M6 Certification Exam is aimed at procurement and supply chain professionals who are involved in supplier selection, negotiation, and management. L4M6 exam covers topics such as supplier evaluation, performance management, risk management, and contract negotiation. CIPS Supplier Relationships certification also focuses on the ethical and sustainable management of supplier relationships.

The Chartered Institute of Procurement and Supply (CIPS) L4M6 exam is designed for individuals who want to enhance their understanding of supplier relationship management. Supplier relationship management is a crucial aspect of procurement and supply chain management that involves developing and maintaining strong relationships with suppliers to achieve mutually beneficial outcomes. L4M6 Exam covers topics such as supplier segmentation, supplier performance management, contract management, and supplier development.

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CIPS L4M6 Certification Exam is a globally recognized certification exam that is designed to test and validate the skills and knowledge of procurement professionals in the area of supplier relationships. L4M6 exam is designed to help procurement professionals understand how to build and maintain strong relationships with suppliers to ensure that they are able to deliver high-quality goods and services on time and within budget.

CIPS Supplier Relationships Sample Questions (Q121-Q126):

NEW QUESTION # 121
According to Michael Porter, what is procurement?

A. a primary activity which provides a source of competitive activity
B. a primary activity which provides value for money
C. a support activity which provides a source of competitive advantage
D. a secondary activity which provides value for money

Answer: C

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. Procurement is a 'support activity' on this matrix along with firm infrastructure, HR and technology development

NEW QUESTION # 122
Which of the following are elements of a business that can develop a company's competitive advantage?
Select THREE.

A. cost leadership
B. human resource management
C. cost focus
D. organisation culture
E. natural resources

Answer: B,D,E

Explanation:
This is one of those questions you have to read carefully- it asks for 'elements of a business'. Cost focus and cost leadership are ways a company can improve their competitive advantage, but they're not elements of a business. The other three options are. Porter created a list of elements of a business that can help a company's competitive advantage- these can be found on p.33-34

NEW QUESTION # 123
Which of the following documents can be used at the selection stage of a tender process to ensure that short listed bidders meet the requirements of the buying organisation? Select TWO.

A. Invitation to Tender
B. Pre-Qualification Questionnaire
C. Request for Quotation
D. Request for Information

Answer: B,D

Explanation:
Request for Information and Pre-Qualification Questionnaire can be used for short-listing suppliers. Request for Quotation is used when the only variable is price and you would like suppliers to submit a price for you.
Invitation to Tender would be the next stage after RFI / PPQ- this is sent out to those suppliers who have passed selection, and details the second stage of the competition. See p.75 for more details.

NEW QUESTION # 124
Mendelow's Stakeholder Matrix categorises stakeholders into four groups and provides insight into how these stakeholders should be managed. What is a limitation to using this Matrix to categorise stakeholders?

A. The Matrix doesn't consider the power these stakeholders have
B. The Matrix doesn't consider whether the stakeholder is for or against the activity
C. Nowadays, Stakeholders fall into more than four categories
D. The categories are hard to remember

Answer: B

Explanation:
The correct answer is 'The Matrix doesn't consider whether the stakeholder is for or against the activity'. For a list of other limitations of using Mendelow's Stakeholder Matrix see p.82

NEW QUESTION # 125
Which of the following would you use to qualify new suppliers? Select THREE.

A. call
B. cost
C. clean
D. commitment
E. collection

Answer: B,C,D

Explanation:
This is based on a real exam question- it's looking to see if you can remember Carter's 10 Cs. These are; cash, cost, consistency, culture, clean, communication, competency, capacity, commitment and control. (p.12 in the text book)

NEW QUESTION # 126
......

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