CIPS L4M6 exam practice questions and answers

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CIPS L4M6 Certification Exam covers a broad range of topics related to supplier relationships, including supplier evaluation and selection, supplier performance management, contract management, and supplier development. L4M6 exam is designed to assess the candidate's ability to manage supplier relationships in a way that maximizes value for the organization. It is a comprehensive certification that equips professionals with the skills and knowledge they need to manage supplier relationships effectively.

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CIPS L4M6 exam is essential for procurement professionals looking to enhance their skills and advance their careers. By successfully passing L4M6 exam, candidates can demonstrate their expertise in supplier relationship management and their ability to drive value for their organizations through effective supplier management.

CIPS L4M6 Certification Exam is a highly sought-after qualification for anyone looking to excel in procurement and supply chain management. CIPS Supplier Relationships certification is designed to provide learners with the knowledge and skills required to effectively manage supplier relationships, which is a crucial aspect of procurement management.

CIPS Supplier Relationships Sample Questions (Q78-Q83):

NEW QUESTION # 78
Rivalry between suppliers is more likely to be intense in which of the following situations?

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

Answer: B

Explanation:
Intense rivalry occurs when suppliers are equally balanced and face high barriers to exit, leading to aggressive competition to retain market share, as described in Porter's Five Forces model.

NEW QUESTION # 79
Which of the following is an advantage for the suppler of entering into a partnership with a buyer?

A. They no longer have to try as hard to win business.
B. They may gain an increased volume of business
C. There is more flexibility when selling the product
D. The Intellectual Property Rights of the buyer become yours

Answer: B

Explanation:
The correct answer is 'They may gain an increased volume of business'. The other options are just not true. See p.130 for advantages and disadvantages of partnerships from both the buyer and supplier's perspective. This is a hot topic for the exam.

NEW QUESTION # 80
In public sector procurement, tenders are advertised with CPV codes, which provide a reference to describe the product or service being tendered. What does CPV stand for?

A. Clear Procurement Vocabulary
B. Condensed Procurement Vocabulary
C. Common Procurement Vocabulary
D. Complete Procurement Vocabulary

Answer: C

Explanation:
CPV stands for Common Procurement Vocabulary. This is explained briefly on p.72 but it doesn't really go into much detail as to what CPVs are or how they work. CPVs are a string of numbers which refer to an object that is being procured. For example the CPV for Fire Doors is 44221220. When a Tender gets advertised for Fire Doors, it will have this CPV code on, and any suppliers who provide fire doors will get a notification if they have this CPV code on their profile. It's basically a code that links suppliers with tender opportunities.

NEW QUESTION # 81
Which of the following are characteristics that differentiate between a partnership relationship and traditional contracting relationships? Select THREE.

A. Supplier KPIs
B. No defined end period
C. No tender process
D. Lower costs
E. Early supplier involvement

Answer: B,C,E

Explanation:
The correct answers are; no tender process, early supplier involvement and no defined end-period. A partnership wouldn't automatically mean lower costs, and in a partnership the KPIs are usually a joint performance measurement rather than set to the supplier. For more information on the difference between partnerships and contractual relationships see p.124-5

NEW QUESTION # 82
Which of the following are not stages of team development? Select TWO.

A. Accepting
B. Adjourning
C. Achieving
D. Mourning
E. Forming

Answer: A,C

Explanation:
This question is very, very similar to a real exam Question: and is
a really mean one. The CIPS study guide describes stages of team development as forming, storming, norming and performing. Of those listed in the book only forming is listed above. What the textbook fails to tell you is that some people add on two additional stages to this model which are mourning and adjourning. I strongly recommend doing some further reading on this (it's called the Tuckman Group Development Model) as it comes up a lot in the exam and the study guide doesn't really go into enough detail.

NEW QUESTION # 83
......

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CIPS L4M6 exam practice questions and answers

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CIPS Supplier Relationships Sample Questions (Q78-Q83):

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