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L4M6 Valid Exam Materials | L4M6 Valid Test Camp

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CIPS L4M6 exam is a rigorous and comprehensive certification program that provides procurement professionals with the knowledge and skills they need to succeed in managing supplier relationships. Whether you are just starting out in your procurement career or looking to take your skills to the next level, L4M6 Exam is an excellent choice for anyone looking to enhance their expertise and advance their career.

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CIPS L4M6 exam is a highly regarded qualification designed for procurement professionals who wish to enhance their knowledge and skills in managing supplier relationships. L4M6 exam is offered by the Chartered Institute of Procurement and Supply (CIPS), a global professional body that provides training and qualifications in procurement and supply chain management. The CIPS L4M6 exam is the sixth module in the Level 4 qualification, which focuses on supplier relationships.

CIPS L4M6 Exam is a comprehensive exam that covers a range of topics related to supplier relationships. These topics include supplier segmentation, supplier performance management, and supplier development. L4M6 exam also covers topics related to contract management, which is critical for building successful supplier relationships.

CIPS Supplier Relationships Sample Questions (Q44-Q49):

NEW QUESTION # 44
Andrew runs a factory that makes cakes. Vanilla Extract is a vital ingredient in Andrew's cakes and this is a monopolistic market. Andrew has noticed recently that the quality of the supplier's product has reduced, and this has led to several complaints from customers. Andrew is considering entering into a Partnership with this supplier as he believes this will help increase the supplier's performance. Is this the correct thing to do?

A. No- Andrew should outsource the vanilla extract.
B. Yes- partnership sourcing will improve sales figures
C. No- Andrew should use an alternative supplier
D. Yes- partnership sourcing can improve performance which will ultimately satisfy the end customer

Answer: D

Explanation:
The correct answer is 'Yes- partnership sourcing can improve performance which will ultimately satisfy the end customer'. The important thing to note in this Question: is the word 'monopolistic'. This means that there are no alternative suppliers- so the 'no' options are wrong- there are no alternative suppliers and no opportunity to outsource. The other answer is incorrect as sales figures isn't Andrew's concern - it's the complaints and quality of the product. Improving performance to satisfy end customers is therefore his main driver for considering a Partnership. See p. 127 for more information on Drivers of Partnership Sourcing. This comes up a lot in the exam

NEW QUESTION # 45
Which of the following are the stages of team development?

A. Starting, forming, benchmarking, performing
B. Beginning, working, reviewing, performing
C. Introducing, forming, managing, performing
D. Forming, storming, norming, performing

Answer: D

Explanation:
The stages of team development as defined by Tuckman include forming, storming, norming, and performing.
These stages reflect how teams evolve and mature through collaboration and problem-solving.

NEW QUESTION # 46
A restricted market is a market where there are only a small number of capable and competent suppliers.
Which of the following is not a reason for a marketplace to be restricted?

A. High barriers to entry
B. Low levels of profitability
C. Strong governmental regulation
D. The product is easy to source elsewhere

Answer: D

Explanation:
The correct answer is 'The product is easy to source elsewhere'. The other three are given as reasons a marketplace might be restricted on p.138. Other reasons also include; brand loyalty, difficult access to distribution channels, and companies colluding.

NEW QUESTION # 47
A 'synergy' within a partnership can lead to what?

A. Poor performance
B. Greater creativity
C. Increased costs
D. Miscommunications

Answer: B

Explanation:
The correct answer is 'greater creativity'. A synergy is the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts. P.160

NEW QUESTION # 48
Which of the following are examples of internal stakeholders of a manufacturing repair organisation? Select TWO that apply.

A. Trade union managers
B. Maintenance engineers
C. Finance director
D. Shareholders
E. Bank manager

Answer: B,C

Explanation:
Internal stakeholders are individuals or groups within an organization who are directly involved in its operations and decision-making processes. The finance director plays a crucial role in budgeting and financial planning, while maintenance engineers are essential for ensuring equipment functionality and efficiency. Both are integral to the organization's internal operations, as outlined in the CIPS L4M6 study materials.

NEW QUESTION # 49
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