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Attain CIPS L4M6 Certification without Breaking a Sweat with Dumpexams's Exam Questions

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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 certification exam is an advanced level certification exam that focuses on the key concepts and principles of supplier relationships. L4M6 Exam is designed for procurement professionals who want to enhance their skills and knowledge in managing supplier relationships effectively. L4M6 exam covers a wide range of topics related to supplier management, including contract management, supplier performance management, and supplier risk management.

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CIPS L4M6 Convenient PDF Format for Flexible Study

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CIPS Supplier Relationships Sample Questions (Q159-Q164):

NEW QUESTION # 159
Which one of the following would constitute a succession issue when terminating a relationship?

A. Deletion of old specifications
B. Continuity of supplies
C. Processing penalties
D. Payment of old invoices

Answer: B

Explanation:
Comprehensive and Detailed Explanation:
Succession issues pertain to the challenges associated with ensuring the uninterrupted supply of goods or services when transitioning from one supplier to another. Continuity of supplies is a primary concern, as any disruption can impact operations, customer satisfaction, and revenue. Effective succession planning involves:
* Identifying Alternative Suppliers:Ensuring that backup suppliers are in place and capable of meeting requirements.
* Knowledge Transfer:Facilitating the transfer of critical information and processes to new suppliers.
* Inventory Management:Maintaining adequate stock levels during the transition period.
Other options listed, such as processing penalties, deletion of old specifications, and payment of old invoices, are administrative tasks that, while important, do not directly relate to succession planning.
Reference:
CIPS L4M6 Study Guide

NEW QUESTION # 160
Which of the following are primary activities, according to Porter's Value Chain? Select THREE.

A. Inbound Logistics
B. Marketing and Sales
C. Human Resources
D. Procurement
E. Operations

Answer: A,B,E

Explanation:
This question refers to Porter's Value Chain (p.35). There's a couple of questions on this in the exam so try to learn it.
Primary activities are; inbound logistics, operations, outbound logistics, marketing and sales, after sales- service

NEW QUESTION # 161
In the Purchasing Portfolio Matrix, a leverage product is a product in a market where it is easy to switch suppliers and the quality is standardised. Is this TRUE or FALSE?

A. True, the product is in a supply market which is of low complexity and the product is of high importance
B. False, the product is in a supply market which is highly complex and the product is of low importance
C. False, the product is in a supply market which is highly complex and the product is of high importance
D. True, the product is in a supply market which is of low complexity and the product is of low importance

Answer: A

Explanation:
Comprehensive and Detailed Explanation:
Leverage products are characterized by:
* High profit impact:They significantly affect the company's bottom line.
* Low supply risk:They are available from multiple suppliers, making it easy to switch if necessary.
These products often have standardized quality, and the competitive supply market allows buyers to negotiate favorable terms.
Reference:
CIPS L4M6 Study Guide

NEW QUESTION # 162
What is a key driver for developing a partnership relationship?

A. Low-risk supplies
B. Unrestricted market
C. Fast-changing technology
D. Well-understood services

Answer: C

Explanation:
Comprehensive and Detailed Explanation:
Fast-changing technology necessitates close collaboration between buyers and suppliers to stay ahead of market trends and innovations. Partnerships enable shared development efforts, quicker adaptation, and mutual growth in dynamic technological environments.
Reference:
CIPS L4M6 Study Guide

NEW QUESTION # 163
You work at XYZ manufacturers and a competitor has just released a rival washing machine to the product that you make. This model is proving popular with customers. What competitive force is at play?

A. threat of substitution
B. buyer power
C. supplier power
D. threat of new entrant

Answer: D

Explanation:
This is a threat of a new entrant. The competitor has now entered the washing machine market and is competing directly with you. This is not a threat of substitution as it is the same product. A substitution would be if they invented a new product that washed clothes and people started buying this instead of washing machines. There are many questions in the exam on Porter's 5 Forces - see p. 39

NEW QUESTION # 164
......

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