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Valid L4M6 Test Registration - L4M6 Accurate Prep Material

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The CIPS Supplier Relationships (L4M6) practice questions have a close resemblance with the actual CIPS Supplier Relationships (L4M6) exam. Our CIPS L4M6 exam dumps give help to give you an idea about the actual CIPS Supplier Relationships (L4M6) exam. You can attempt multiple CIPS Supplier Relationships (L4M6) exam questions on the software to improve your performance.

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 L4M6 is an important exam that focuses on the area of supplier relationships. L4M6 Exam is designed for people who are working in procurement and supply chain management, and wish to gain a deeper understanding of how to manage supplier relationships effectively. L4M6 exam is also for those who wish to obtain a CIPS Level 4 Diploma in Procurement and Supply.

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CIPS L4M6 certification exam is an advanced level certification exam that focuses on the key concepts and principles of supplier relationships. L4M6 exam is designed for procurement professionals who want to enhance their skills and knowledge in managing supplier relationships effectively. L4M6 Exam covers a wide range of topics related to supplier management, including contract management, supplier performance management, and supplier risk management.

CIPS Supplier Relationships Sample Questions (Q70-Q75):

NEW QUESTION # 70
A company is relocating its manufacturing base to a low-cost country and is considering a partnership with a local supplier for its key components rather than a tender process. Although there are some concerns regarding confidentiality and component competitiveness, the procurement director is recommending a partnership strategy to the board of directors. The recommendation is based on a range of advantages including, but not limited to, gaining local market knowledge. Is this a valid recommendation?

A. Yes, as investment costs can be shared in a partnership
B. No, local market knowledge is guaranteed in a tender process
C. Yes, as intellectual property costs will be lower in a partnership
D. No, because confidentiality risk will be higher in a partnership

Answer: A

Explanation:
Partnerships provide access to local market knowledge, enable shared investments, and mitigate risks associated with relocation. These advantages outweigh concerns that can be managed through strong contracts and confidentiality agreements.

NEW QUESTION # 71
The procurement department is sourcing new uniforms for its housekeeping team. Although the housekeeping team in itself doesn't hold a lot of power within the business, they have a high interest in the activity as it will be them who is wearing the items. When designing the specification, how should the procurement department manage the housekeeping team?

A. Keep them satisfied- they will be wearing the uniform so need to be happy with it
B. Minimal effort is required as they do not hold a lot of power in the business.
C. Keep them informed- it's important the housekeeping team know what's going on at each stage of the procurement
D. Manage them closely- they're key players in this procurement activity

Answer: C

Explanation:
The housekeeping team have low power and high interest. According to Mendelow's stakeholder matrix, this puts them in the bottom right corner which is 'keep informed'. See p.81 for more information

NEW QUESTION # 72
Which of the following documents would you expect a supplier to submit as part of a Request for Proposal? Select THREE

A. Gearing Ratio
B. Liquidity Ratio
C. Risk Assessments
D. Method Statements
E. Full pricing information

Answer: C,D,E

Explanation:
You would expect a supplier to submit full pricing information, risk assessments and method statements. However, depending on what you're procuring, you might not need to see risk assessments or method statements. Liquidity and Gearing may be looked at during the Pre-Qualification stage, but wouldn't form part of a RFP. See p.76

NEW QUESTION # 73
Which of the following statements is an advantage to the buyer of early supplier involvement? Select the THREE that apply.

A. Shared expertise for problem solving
B. Improved understanding of seller capabilities
C. Lower development costs
D. Clarity of roles and responsibilities
E. Supplier pre-qualification expertise
F. Low costs of switching suppliers

Answer: A,B,C

Explanation:
Early Supplier Involvement (ESI) offers several advantages to buyers:
* Shared expertise for problem solving: Engaging suppliers early allows for collaborative problem- solving, leveraging the supplier's specialized knowledge to enhance product development.
* Improved understanding of seller capabilities: Early engagement provides insights into the supplier's capabilities, facilitating better alignment with project requirements.
* Lower development costs: Collaborative efforts in the early stages can lead to cost savings by identifying efficiencies and reducing the need for later-stage modifications.
These benefits are highlighted in the CIPS Intelligence Hub:
"ESI can bring significant benefits to your organisation, due to the involvement of suppliers in the initial stages of product development... Here are some additional benefits that your organisation will see when adopting ESI... Helps to reduce cost... Integrates supplier capabilities in the manufacturers supply chain..."
- CIPS Intelligence Hub: Early Supplier Involvement

NEW QUESTION # 74
Which of the following are features of a partnership sourcing relationship compared with a traditional adversarial relationship? Select TWO that apply.

A. Emphasis on short-term relationship
B. Emphasis on inspection of incoming supplies
C. Emphasis on long-term relationship
D. Emphasis on the lowest price
E. Emphasis on quality with zero defects

Answer: C,E

Explanation:
Partnerships emphasize mutual goals such as quality improvement and long-term collaboration, contrasting with adversarial relationships that focus on cost and short-term gains.

NEW QUESTION # 75
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