PASS GUARANTEED 2025 CIPS PROFESSIONAL TEST L4M6 SIMULATOR FREE

Pass Guaranteed 2025 CIPS Professional Test L4M6 Simulator Free

Pass Guaranteed 2025 CIPS Professional Test L4M6 Simulator Free

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One of the key benefits of taking the CIPS L4M6 exam is that it provides procurement professionals with a recognized qualification that demonstrates their expertise in managing supplier relationships. This can be highly valuable for career advancement, as many organizations value CIPS qualifications when hiring or promoting procurement professionals. Additionally, the knowledge gained from the exam can help procurement professionals to make better decisions and achieve better outcomes in their day-to-day work.

CIPS L4M6 certification exam is an excellent way to demonstrate to employers that you have the skills and knowledge required to manage supplier relationships effectively. Achieving this certification can help you stand out from other candidates when applying for procurement and supply chain management roles. It can also help you progress in your career and open up new opportunities for advancement.

CIPS L4M6 Exam is divided into four units, and covers a wide range of topics related to supplier relationships. This includes supplier selection, supplier performance management, supplier relationship management, and supplier risk management. L4M6 exam is designed to test the candidate’s ability to apply theory and best practice to practical situations.

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CIPS Supplier Relationships Sample Questions (Q177-Q182):

NEW QUESTION # 177
In an oliogopy market, what would a regulator do?

  • A. prevent price fixing and collusion
  • B. ensure health and safety standards
  • C. ensure value for money for buyers
  • D. stop the market becoming a monopoly

Answer: A

Explanation:
In an oliogopy, supplier power is strong. Sometimes regulators are required in the market to prevent the group of suppliers conspiring together to artificially increase prices. See p.40 for more information on Oligopy markets.


NEW QUESTION # 178
Which of the following relationship types are characterised by low levels of trust? Select TWO options

  • A. Partnership
  • B. Outsourced
  • C. Adversarial
    (Correct)
  • D. Single- Sourced
  • E. Arm's Length

Answer: C,E

Explanation:
Adversarial and Arm's Length relationships have low levels of trust. Single Source, Partnership and Outsourcing require high level of trust. See p.5 for the Supplier Relationship Spectrum


NEW QUESTION # 179
Fred is a new procurement manager at a large engineering firm. They procure 100s of components and use these to make kitchen appliances such as kettles and toasters. He has been asked by his manager to look into procuring a new component which will go into a new environmentally friendly kettle and has been asked to ensure that the firm receives value for money. What should Fred do?

  • A. Invite known suppliers to bid for the contract
  • B. Hold an open competition
  • C. Contact current suppliers to try and get a good deal
  • D. Put together a business case to make the product in-house

Answer: B

Explanation:
Fred should hold a competition as this is a 'key way of achieving value for money' p.67. Fred shouldn't put a business case together to make the product in-house without doing a make vs buy analysis, and that analysis showing make is the way to go. As the firm buy in 100s of components, it's very unlikely that making the component in-house would bring 'value for money'. He should also be careful of only looking at current suppliers or known suppliers- the best supplier of this new component might be unknown to the engineering firm at present.


NEW QUESTION # 180
Which of the following documents would you expect a supplier to submit as part of a Request for Proposal?
Select THREE

  • A. Method Statements
  • B. Full pricing information
  • C. Liquidity Ratio
  • D. Gearing Ratio
  • E. Risk Assessments

Answer: A,B,E

Explanation:
You would expect a supplier to submit full pricing information, risk assessments and method statements.
However, depending on what you're procuring, you might not need to see risk assessments or method statements. Liquidity and Gearing may be looked at during the Pre-Qualification stage, but wouldn't form part of a RFP. See p.76


NEW QUESTION # 181
A large construction group has a critical contract with a brick supplier. This represents high-value spend, and the contract has a five-year duration. What type of commercial relationship would be the most appropriate?

  • A. Transactional
  • B. Closer Tactical
  • C. Outsourcing
  • D. Partnership

Answer: D

Explanation:
Given the criticality and high value of the contract, a partnership is most suitable. This allows for long-term collaboration, mutual investment, and risk sharing to achieve strategic goals.


NEW QUESTION # 182
......

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