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CIPS L4M6 exam is an advanced-level exam that requires candidates to have a sound understanding of procurement and supply chain management concepts. Candidates need to possess knowledge of procurement processes, supplier selection, and contract management. They also need to have experience working in a procurement or supply chain management role. L4M6 exam is ideal for procurement professionals who want to enhance their skills and knowledge in supplier relationship management.

By passing the CIPS L4M6 Exam, procurement professionals will demonstrate their knowledge and expertise in managing supplier relationships, which will help them in their career advancement and contribute to the overall success of their organization. CIPS Supplier Relationships certification will also help employers identify high-performing professionals who have the skills and knowledge needed to effectively manage supplier relationships and drive positive business outcomes.

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The countless CIPS Supplier Relationships (L4M6) exam candidates have already passed their dream CIPS L4M6 certification exam and they all have got help from CIPS L4M6 Exam Questions. You can also trust CIPS L4M6 exam practice test questions and start preparation right now.

CIPS Supplier Relationships Sample Questions (Q153-Q158):

NEW QUESTION # 153
A buyer should concentrate their efforts on managing the start and onboarding stage of a supplier relationship by ...
* Keeping all information and plans confidential from the supplier
* Pre-qualifying and assessing the supplier's capability
* Focusing solely on the buying organisation's goals
* Building a positive and trusting relationship

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

Answer: A

Explanation:
Comprehensive and Detailed Explanation:
During the onboarding stage:
* Pre-qualifying and Assessing Capability:Ensures the supplier can meet the organization's requirements.
* Building Trusting Relationships:Establishing open communication and trust sets the foundation for a successful partnership.
Keeping information confidential (Option 1) and focusing solely on the buyer's goals (Option 3) can hinder collaboration.
Reference:
"Supplier Selection Process"- CIPS: Supplier Selection

NEW QUESTION # 154
A garden centre has recently purchased some lollypop sticks to use as plant labels. The staff have written the name of the plant on the lollypop stick and put it next to the plant. This helps them identify which plant is which. However, after a couple of weeks, the lollypop sticks have become mouldy and the writing has faded.
Staff are now struggling to identity their plants. The Manager of the garden centre is considering returning the lollypop sticks and asking for a full refund as they were not fit for purpose. Can the Manager do this?

A. Yes- the lollypop sticks have gone mouldy- this is unacceptable
B. Yes- so long as the manager kept the receipt
C. No- as this was not the lollypop sticks intended purpose
D. No- the manager cannot prove that the product is faulty

Answer: C

Explanation:
The correct answer is 'no- as this was not the lollypop sticks intended purpose'. When deciding if something is fit for purpose, you must consider its intended and common purpose. In this case it would be for making lollypops. As the garden centre is using them for something other than their intended purpose, they can't complain if it doesn't work. Fit for purpose is discussed on p.65 p.s. there's a question like this in the real exam - it's just not lollypop sticks ; )

NEW QUESTION # 155
In the STEEPLED framework, which of the following is an economic factor?

A. Supply chain labor standards
B. Demographics
C. Election results
D. Unemployment rates

Answer: D

Explanation:
Economic factors such as unemployment rates affect labor availability, wages, and consumer purchasing power, directly impacting business operations and supply chains.

NEW QUESTION # 156
Price fluctuations can affect profitability. Is this statement correct?

A. No, price is not related to profitability
B. Yes, as sales may drop if the product is price inelastic
C. Yes, if the product's costs increase and the price does not
D. No, only decisions made by the chief executive affect the price

Answer: C

Explanation:
Profitability is impacted when product costs rise without corresponding price adjustments. Understanding cost- price relationships is key to managing profitability in procurement.

NEW QUESTION # 157
Intellectual Property Rights (IPR) include items such as copywrite and trademarks. A buyer is considering entering into a partnership with their supplier to create a new product which will be released in two years' time. Should IPR be included into a contract between partners?

A. No- a separate legal agreement should be created to cover IPR
B. Yes- IPR should always remain with the buyer- this will protect those rights
C. No- a contract is not necessary if it is a partnership.
D. Yes- IPR is a valid concern for both parties but will survive the termination of the agreement

Answer: D

Explanation:
The correct answer is 'Yes- IPR is a valid concern for both parties but will survive the termination of the agreement' (p.112). See the section on 'Legal considerations' in chapter 2.4

NEW QUESTION # 158
......

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Amelia Adams Amelia Adams

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