Frequent L4M6 Updates - Exam Topics L4M6 Pdf

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CIPS L4M6 certification exam is an essential qualification for professionals looking to specialize in supplier relationship management. L4M6 exam covers a wide range of topics and is recognized globally. It is an excellent way to demonstrate your skills and knowledge to employers and can help you progress in your career.

CIPS L4M6 exam is a critical component of the CIPS Level 4 Diploma in Procurement and Supply, and it focuses on the importance of supplier relationships in procurement and supply chain management. It is a challenging exam that requires a deep understanding of procurement and supply chain management concepts and principles. Passing L4M6 Exam is a significant achievement that demonstrates a commitment to professional development and opens up new opportunities for career advancement in the procurement and supply chain management field.

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CIPS L4M6 Exam is a rigorous and challenging exam that requires a deep understanding of the procurement and supply chain management concepts and principles. Candidates must have a good understanding of the role of procurement and supply chain management and how it impacts the overall performance and success of an organization. They must also be able to demonstrate their ability to apply this knowledge to real-world scenarios and make informed decisions about supplier relationships.

CIPS Supplier Relationships Sample Questions (Q211-Q216):

NEW QUESTION # 211
Which of the following are primary activities, according to Porter's Value Chain? Select THREE.

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

Answer: A,C,D

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 # 212
Mandy is looking to source windows and doors for a new build apartment block. She has done some initial research and has discovered that there are many suppliers in the marketplace that can supply the items she needs. As it is a high-value project she is thinking of running a formal tender. What should be Mandy's first step?

A. Run an open competition - send out a RFQ
B. Run an open competition - send out an ITT
C. Run a restricted competition - send out a PQQ
D. Run a restricted competition- send out a RFI

Answer: C

Explanation:
The correct answer is 'run a restricted competition - send out a PQQ'. This Question: tests both your understanding of when to run open and restricted competitions (which is explained on p.75) and your understanding of tender documents. Mandy should run a restricted competition- there are a lot of options in the marketplace and this will allow her to pre-qualify those who best suit her requirements. Running an open competition when there are lots of suppliers would be too time-consuming- you need a way of making a short-list. When you run a restricted competition, the first stage is sending out a PQQ- pre-qualification questionnaire; this document is sent to suppliers asking for necessary information to support their qualification as an approved supplier.

NEW QUESTION # 213
When developing a supplier partnership, a buyer can take either a strategic or reactive approach. What would be a reason for a reactive approach?

A. It will allow for consolidation in the supply chain
B. Sudden changes in the marketplace
C. The buyer wishes to create a new product and requires input from a supplier
D. You discover that the supplier has a high profit margin

Answer: B

Explanation:
The correct answer is 'Sudden changes in the marketplace' - this is a reason a buyer would be reactive.
Reactive is when something happens to you and it forces you to act in a certain way. The other options would be strategic rather than reactive. P. 163

NEW QUESTION # 214
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 outsource the vanilla extract.
B. No- Andrew should use an alternative supplier
C. Yes- partnership sourcing can improve performance which will ultimately satisfy the end customer
D. Yes- partnership sourcing will improve sales figures

Answer: C

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 # 215
When overcoming stakeholder resistance in a procurement-led project, which of the following groups would have the highest level of influence on other stakeholders?
* Negative leaders
* Silent opponents
* Supporters
* Promoters

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

Answer: D

Explanation:
In stakeholder management,Negative leadersandPromoterspossess high influence over others:
* Negative leaders: Individuals who oppose the project and can sway others against it due to their influence.
* Promoters: Advocates who support the project and can positively influence others.
Understanding these dynamics is crucial for effectively managing stakeholder resistance.
As highlighted in the CIPS study materials:
"Overcoming resistance- Promoters - They have a high influence on other stakeholders and support the project. They support and empower."

NEW QUESTION # 216
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