L4M6 TEST ASSESSMENT | EXAM L4M6 OVERVIEWS

L4M6 Test Assessment | Exam L4M6 Overviews

L4M6 Test Assessment | Exam L4M6 Overviews

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Tags: L4M6 Test Assessment, Exam L4M6 Overviews, L4M6 Valid Exam Voucher, Latest L4M6 Exam Camp, Excellect L4M6 Pass Rate

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CIPS L4M6 exam is a comprehensive assessment designed to test the knowledge and skills of procurement professionals when it comes to managing supplier relationships. L4M6 exam is part of the Chartered Institute of Procurement and Supply (CIPS) Level 4 Diploma in Procurement and Supply, and passing it is a requirement for those who want to progress to the next level of the program.

CIPS L4M6 (CIPS Supplier Relationships) Certification Exam is an internationally recognized certification designed for procurement and supply chain professionals who aim to excel in managing supplier relationships. CIPS Supplier Relationships certification is offered by the Chartered Institute of Procurement and Supply (CIPS), the world’s largest professional body for procurement and supply chain management. The CIPS L4M6 Exam covers critical topics such as supplier selection, evaluation, and performance management, enabling professionals to develop and maintain long-term relationships with suppliers.

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CIPS Supplier Relationships Sample Questions (Q53-Q58):

NEW QUESTION # 53
A supplier is working with a buyer who represents a large percentage of his business. Without this particular buyer, the supplier would likely go out of business. There has been a dispute in the last invoice which the buyer is not happy about. What technique should the supplier use when talking to the buyer about this?

  • A. Avoiding- the supplier should avoid talking with the buyer as this may result in conflict
  • B. Accepting - the supplier should accept that conflict should sometimes occur in buyer: supplier relationships and work hard to avoid them
  • C. Competing- the supplier needs to earn more money as they are struggling financially
  • D. Accommodating- the supplier should show a large degree of co-cooperativeness as the buyer is important to their survival

Answer: D

Explanation:
The correct answer is 'accommodating'. This question is based on the Thomas-Kilmann Conflict model on p.87. This comes up quite a bit in the exam. It is comprised of 5 techniques for dealing with conflict; competing, collaborating, compromising, avoiding and accommodating. In this instance, the supplier should have a high degree of co-cooperativeness and a low degree of assertiveness as the long-term relationship is very important- more important than the outcome of the disputed invoice.


NEW QUESTION # 54
A comprehensive approach to managing the termination of a contractual relationship would include ...

  • A. Setting aside the value of existing work done by both parties
  • B. Giving qualitative feedback only
  • C. Setting remedies and compensation for contractual breaches
  • D. Attacking the personalities, not the problem

Answer: C

Explanation:
Comprehensive and Detailed Explanation:
Effective contract termination involves addressing any breaches through agreed-upon remedies and compensation. This ensures that both parties are treated fairly and that any disputes are resolved in accordance with the contract terms.
Reference:
CIPS L4M6 Study Guide


NEW QUESTION # 55
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. Low levels of profitability
  • B. Strong governmental regulation
  • C. High barriers to entry
  • 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 # 56
Achieving value for money can often be described as the three Es? What are these?

  • A. Ethics, Environment, Economy
  • B. Economy, Efficiency, Environment
  • C. Efficiency, Economy, Ethics
  • D. Effectiveness, Efficiency, Economy

Answer: D

Explanation:
The three Es are; Effectiveness, Efficiency and Economy. Sometimes a 4th E is added which is Equity (but this is mainly for the public sector).


NEW QUESTION # 57
Debbie is a procurement manager at a small manufacturer company. She had a contract in place with a company that provides uniforms, but finds that she doesn't need to order much from them as the staff re-wear the same clothes to work. The contract has now expired. Should Debbie do a Competitive Tender to source a new contract?

  • A. Yes- competitive tender is the only option to procure uniforms
  • B. No- the contract is not of significant value
  • C. No- Debbie should continue using the same supplier- it doesn't matter that the contract has expired.
  • D. Yes - the contract has now expired so she must do a new competitive tender

Answer: B

Explanation:
The correct answer is 'no-the contract is not of significant value'. CIPS state that competitive tenders should only be used when 'the item or service is of significant value' p.73. Debbie could continue using the same supplier, but she should organise a contract extension or a new contract if she does.


NEW QUESTION # 58
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