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CIPS L4M6 exam is a rigorous and comprehensive certification program that provides procurement professionals with the knowledge and skills they need to succeed in managing supplier relationships. Whether you are just starting out in your procurement career or looking to take your skills to the next level, L4M6 exam is an excellent choice for anyone looking to enhance their expertise and advance their career.

CIPS L4M6 Exam is ideal for individuals who are responsible for managing supplier relationships, such as procurement managers, supply chain managers, and contract managers. It is also suitable for individuals who work in the procurement and supply chain industry and want to enhance their knowledge and skills in managing supplier relationships. L4M6 Exam is globally recognized and accredited by the Chartered Institute of Procurement and Supply (CIPS), the leading professional body for procurement and supply.

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CIPS Supplier Relationships Sample Questions (Q189-Q194):

NEW QUESTION # 189
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. Strong governmental regulation
B. Low levels of profitability
C. The product is easy to source elsewhere
D. High barriers to entry

Answer: C

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 # 190
Andrew runs a factory that makes cakes. Vanilla Extract is a vital ingredient in Andrew's cakes and this is a monopolistic market. Andrew has noticed recently that the quality of the supplier's product has reduced, and this has led to several complaints from customers. Andrew is considering entering into a Partnership with this supplier as he believes this will help increase the supplier's performance. Is this the correct thing to do?

A. No- Andrew should use an alternative supplier
B. Yes- partnership sourcing can improve performance which will ultimately satisfy the end customer
C. Yes- partnership sourcing will improve sales figures
D. No- Andrew should outsource the vanilla extract.

Answer: B

Explanation:
The correct answer is 'Yes- partnership sourcing can improve performance which will ultimately satisfy the end customer'. The important thing to note in this Question: is the word 'monopolistic'. This means that there are no alternative suppliers- so the 'no' options are wrong- there are no alternative suppliers and no opportunity to outsource. The other answer is incorrect as sales figures isn't Andrew's concern - it's the complaints and quality of the product. Improving performance to satisfy end customers is therefore his main driver for considering a Partnership. See p. 127 for more information on Drivers of Partnership Sourcing. This comes up a lot in the exam

NEW QUESTION # 191
Which of the following documents can be used at the selection stage of a tender process to ensure that short listed bidders meet the requirements of the buying organisation? Select TWO.

A. Request for Quotation
B. Request for Information
C. Invitation to Tender
D. Pre-Qualification Questionnaire

Answer: B,D

Explanation:
Request for Information and Pre-Qualification Questionnaire can be used for short-listing suppliers. Request for Quotation is used when the only variable is price and you would like suppliers to submit a price for you.
Invitation to Tender would be the next stage after RFI / PPQ- this is sent out to those suppliers who have passed selection, and details the second stage of the competition. See p.75 for more details.

NEW QUESTION # 192
Janet runs a factory which produces 1 million bread rolls every day. It requires a large amount of flour, and for this to be delivered regularly- in time with manufacturing operations. There are very few suppliers in the market place that can deliver the quality of flour Janet requires in the quantities required. Janet has just established a contract with Friendly Flour Limited - what type of supplier is Friendly Flour Limited to Janet?

A. bottleneck
B. strategic
C. leverage
D. routine

Answer: B

Explanation:
Friendly Flour Ltd is a strategic supplier; this is a critical supplier, responsible for core products. They represent a high risk impact and a high cost impact. This is the top-right hand corner of the Kraljic matrix. There are lots of questions on Kraljic in the exam - do revise this topic and ensure you understand each of the four quadrants of the matrix (see p.20)

NEW QUESTION # 193
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. Keep them informed- it's important the housekeeping team know what's going on at each stage of the procurement
C. Manage them closely- they're key players in this procurement activity
D. Minimal effort is required as they do not hold a lot of power in the business.

Answer: B

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 # 194
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