Pass L4M6 Exam & L4M6 Reliable Exam Sample
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CIPS L4M6 exam is a computer-based exam that consists of 60 multiple-choice questions. Candidates have two hours to complete the exam, and the pass mark is 60%. L4M6 exam is assessed on a scaled score system, which means that the final score is adjusted based on the difficulty level of the questions. L4M6 Exam is available at CIPS exam centers worldwide, and candidates can book their exam online through the CIPS website.
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To pass the CIPS L4M6 Exam, candidates need to have a comprehensive understanding of the procurement and supply process and the importance of effective supplier relationships. They should also be familiar with various supplier relationship management techniques and tools, including contract negotiation, supplier performance monitoring, and supplier risk management. With this certification, candidates will be able to demonstrate their expertise in managing supplier relationships and enhance their career opportunities.
The CIPS L4M6 exam covers several areas, including supplier segmentation and selection, negotiation, performance management, contract management, and risk management. These topics are critical for effective supplier management, and require a comprehensive understanding of the supplier relationship lifecycle. Individuals who pass the CIPS L4M6 Exam demonstrate their ability to navigate the complex supplier ecosystem and develop coherent strategies to support their organization's goals. CIPS Supplier Relationships certification also validates that individuals are equipped to manage potential challenges in collaboration with suppliers, and maintain a healthy relationship throughout the supplier lifecycle.
CIPS Supplier Relationships Sample Questions (Q191-Q196):
NEW QUESTION # 191
Which of the following are NOT one of the four key principles of procurement in the EU?
Answer: D
Explanation:
Value for money is not a principle of EU procurement. The four key principles are; transparency, non-discrimination, proportionality and equality of treatment. The principles are basically about ensuring the procurement process is fair. See p.75
NEW QUESTION # 192
Which of the following relationship types are characterised by low levels of trust? Select TWO options
Answer: A,C
Explanation:
Adversarial and Arm's Length relationships have low levels of trust. Single Source, Partnership and Outsourcing require high level of trust. See p.5 for the Supplier Relationship Spectrum
NEW QUESTION # 193
A category buyer, managing an outsourcing project, is aware of the commercially sensitive nature of the project and wishes to adopt an accommodating approach to managing conflict amongst key stakeholders. Is this the correct approach?
Answer: C
Explanation:
Comprehensive and Detailed Explanation:
The accommodating conflict management style is characterized by a low concern for self and a high concern for others. This approach involves yielding to others' needs and maintaining harmony, which can be appropriate in situations where preserving relationships is more important than achieving personal goals.
In the context of a commercially sensitive outsourcing project, adopting an accommodating approach may be suitable to ensure stakeholder cooperation and minimize conflict.
Reference:
"The accommodating conflict management style indicates a low concern for self and a high concern for other, and is often viewed as passive or submissive, in that someone complies with or obliges another."- Social Sci LibreTexts: Conflict Management Styles
NEW QUESTION # 194
Which of the following statements are true of a market place which is considered a 'perfect competition'?
Select TWO.
Answer: A,C
Explanation:
In a 'perfect competition' there are no barriers to entry or exit, and competition is at its highest possible level.
For more information on different types of market see p.40
NEW QUESTION # 195
In the 1990s, a manufacturer of portable music players partnered with a mini-disk producer. The aim of the partnership was to reduce the size and cost of the devices and enhance flexibility. Sales of the product after launch were low due to a competitive launch of small digital players, which offered better flexibility to customers at a comparable price. The partners suffered substantial loss and never recovered the investment. In order to mitigate the risk described, what should both partners have considered before investing in the product? Select the TWO that apply.
Answer: B,E
Explanation:
Understanding customer price expectations and the potential for substitute technology are critical in product development to anticipate market trends and competitive threats, aligning with risk management principles.
NEW QUESTION # 196
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