L4M6 Practice Exam Fee & Actual L4M6 Test

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The CIPS L4M6 exam covers various topics such as supplier selection, evaluation, and performance management. It also covers supplier development and collaboration, contract management, and ethical issues in supplier relationships. L4M6 exam is suitable for procurement professionals at all levels, including those who are new to procurement and those who have extensive experience in the field. Overall, the CIPS L4M6 Exam is an essential certification for procurement professionals who want to develop their skills in supplier relationship management to achieve strategic procurement goals.

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CIPS L4M6 Certification Exam is a valuable credential for procurement professionals who are looking to advance their careers in supplier relationship management. L4M6 exam is designed to test the knowledge and skills required to build, manage, and maintain effective relationships with suppliers. CIPS Supplier Relationships certification is offered by the Chartered Institute of Procurement and Supply (CIPS), which is the world's largest professional body for procurement and supply chain management.

CIPS Supplier Relationships Sample Questions (Q127-Q132):

NEW QUESTION # 127
Supplier development should be undertaken with all suppliers that a buyer uses. Is this statement TRUE?

A. no- supplier development should only be done with strategic suppliers
B. yes- it is important to develop all relationships
C. no- supplier development should only be done with tactical suppliers
D. yes- this will improve efficiencies for the buyer

Answer: A

Explanation:
Supplier development is time-consuming and resource-intensive so should only be done with strategic suppliers. P.14

NEW QUESTION # 128
Victoria runs a hotel and has recently had several security issues such as attempted robberies. She has decided that she needs to hire a security firm to ensure these issues don't continue. She has done some research and has found there are several local security firms who may be able to provide services to her hotel. However, she hasn't decided exactly what she would require the security firm to do. What should be Victoria's next steps?

A. Issue a Prior Information Notice
B. Issue a Request for Proposal
C. Issue a Request for Quotation
D. Issue an Invitation to Tender

Answer: B

Explanation:
Victoria should use a 'request for proposal' - this allows the security firms to submit ideas on how best to serve the hotel. They might come up with some ideas that Victoria hasn't thought about and can price against their own ideas. As Victoria doesn't have a concrete specification, an ITT or RFQ are not appropriate. A PIN tells suppliers that a tender opportunity is coming up and is used in the Public Sector. A hotel is not a Public Sector organisation. See p.76 for more information on when to issue a Request for Proposal

NEW QUESTION # 129
An automotive company has hired Tom as the procurement manager. Tom is to manage a team of two people who have worked in the department for a number of years. Conflict exists between the two members of staff due to an overlap of responsibilities. Which of the following processes would be most appropriate for Tom to use to reduce this conflict?

A. Tom could arrange a meeting and set performance targets for each member
B. Tom could hire an additional member of staff to take on some of the duties
C. Tom could restructure the team so both members do not have to work together
D. Tom could avoid mentioning the conflict and hope that it is resolved without action

Answer: A

Explanation:
Arranging a meeting to clarify roles and setting performance targets provides clear expectations and encourages accountability. This aligns with CIPS guidelines on managing conflicts through constructive engagement.

NEW QUESTION # 130
When overcoming stakeholder resistance in a procurement-led project, which of the following groups would have the highest level of influence on other stakeholders?

A. 2 and 3 only
B. 3 and 4 only
C. 1 and 4 only
D. 1 and 2 only

Answer: C

Explanation:
Negative leaders and promoters hold the most influence. Negative leaders can sway opposition, while promoters can actively advocate for project success. Managing these stakeholders effectively is crucial in procurement projects.

NEW QUESTION # 131
Robbie is a procurement manager at a public sector organisation. He is running a tender which is worth £2m and so will advertise this on OJEU. His manager has reminded Robbie to include CPV codes on the tender. What purpose would this serve?

A. To ensure only qualified suppliers bid for the tender
B. To ensure more suppliers bid for the tender
C. To ensure suppliers know the deadline for tender submission
D. To ensure suppliers can find the opportunity

Answer: D

Explanation:
CPV codes help suppliers find opportunities they can bid for. CPV codes are a numerical classification for products e.g. Strawberry Jam is 15332296 and when they are included on a Tender, any supplier who is registered with that same CPV code will get a notification that the tender is live. CPV codes are discussed on p.72 but not in much detail- so don't worry if you don't know much about them. So long as you know the above, you'll be fine.

NEW QUESTION # 132
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