100% PASS QUIZ 2025 CIPS L4M6: USEFUL CIPS SUPPLIER RELATIONSHIPS QUESTIONS ANSWERS

100% Pass Quiz 2025 CIPS L4M6: Useful CIPS Supplier Relationships Questions Answers

100% Pass Quiz 2025 CIPS L4M6: Useful CIPS Supplier Relationships Questions Answers

Blog Article

Tags: L4M6 Questions Answers, Braindump L4M6 Free, L4M6 Exam Study Guide, L4M6 Study Materials, Exam L4M6 Preview

Just choose the right Pass4guide L4M6 exam questions format demo and download it quickly. Download the Pass4guide L4M6 exam questions demo now and check the top features of L4M6 Exam Questions. If you think the L4M6 exam dumps can work for you then take your buying decision. Best of luck in exams and career!!!

CIPS L4M6 exam covers a wide range of topics related to supplier relationships, including understanding the importance of developing and maintaining effective supplier relationships, identifying key supplier risks and opportunities, and implementing strategies to improve supplier performance. L4M6 Exam also explores the role of procurement professionals in managing supplier relationships, including effective communication, negotiation, and conflict resolution.

>> L4M6 Questions Answers <<

2025 CIPS Realistic L4M6 Questions Answers Pass Guaranteed

Our CIPS Supplier Relationships (L4M6) practice exam simulator mirrors the CIPS Supplier Relationships (L4M6) exam experience, so you know what to anticipate on CIPS Supplier Relationships (L4M6) certification exam day. Our CIPS L4M6 Practice Test software features various question styles and levels, so you can customize your CIPS L4M6 exam questions preparation to meet your needs.

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.

CIPS L4M6 exam is designed for professionals who have already completed the CIPS Level 4 Diploma in Procurement and Supply. It is the sixth and final exam in the diploma program, and passing it is a requirement for achieving the full diploma. L4M6 Exam consists of a three-hour written paper with a mix of multiple-choice and essay-style questions, and it is held twice a year in May and November.

CIPS Supplier Relationships Sample Questions (Q50-Q55):

NEW QUESTION # 50
Which of the following are considered part of the '5 Rights of Procurement'? Select THREE.

  • A. place
  • B. cost
  • C. quality
  • D. focus
  • E. time

Answer: A,C,E

Explanation:
The 5 Rights of procurement are; place, quality, quantity, time, price. (Price and Cost are not the same thing). See p.38


NEW QUESTION # 51
Which of the following are recognised organisational culture types? Select THREE

  • A. Knowledge
  • B. Team
  • C. Person
  • D. Role
  • E. Power

Answer: C,D,E

Explanation:
The correct answer is power, role and person. This is part of Hardyman's Cultural Types on p.169 (there are four- the other one is task). There's quite a few questions on this in the exam, so it's worth doing some additional research on this prior to the exam as the study guide doesn't provide much detail on this.


NEW QUESTION # 52
A university based in Europe has an objective to increase the number of students coming from the United States of America (USA). The university appoints a consultant with specialist knowledge of the USA market and has issued them with a performance-based specification. Which of the following is a characteristic of a performance specification?

  • A. It encourages innovation from the supplier
  • B. It enables the buyer to detail technical information
  • C. It provides details of how the services must be carried out
  • D. It ensures the supplier must conform with the specification

Answer: A

Explanation:
Comprehensive and Detailed Explanation:
A performance specification outlines the desired outcomes or results without prescribing the exact methods to achieve them. This approach allows suppliers the flexibility to use their expertise and creativity to meet the buyer's requirements, thereby encouraging innovation.
Reference:
CIPS Procurement Specifications Guide


NEW QUESTION # 53
Which of the following are elements of a business that can develop a company's competitive advantage? Select THREE.

  • A. natural resources
  • B. human resource management
  • C. organisation culture
  • D. cost focus
  • E. cost leadership

Answer: A,B,C

Explanation:
This is one of those questions you have to read carefully- it asks for 'elements of a business'. Cost focus and cost leadership are ways a company can improve their competitive advantage, but they're not elements of a business. The other three options are. Porter created a list of elements of a business that can help a company's competitive advantage- these can be found on p.33-34


NEW QUESTION # 54
In the 1990s, a manufacturer of portable music players partnered with a mini-disk producer. The aim of the partnership was to reduce the size and cost of the devices and enhance flexibility. Sales of the product after launch were low due to a competitive launch of small digital players, which offered better flexibility to customers at a comparable price. The partners suffered substantial loss and never recovered the investment. In order to mitigate the risk described, what should both partners have considered before investing in the product? Select the TWO that apply.

  • A. Cost of investment
  • B. New substitute technology
  • C. Legal implication of partnering
  • D. Customer price expectation
  • E. Fast charging markers

Answer: B,D

Explanation:
Understanding customer price expectations and the potential for substitute technology are critical in product development to anticipate market trends and competitive threats, aligning with risk management principles.


NEW QUESTION # 55
......

Braindump L4M6 Free: https://www.pass4guide.com/L4M6-exam-guide-torrent.html

Report this page