MOST PROBABLE REAL EXAM QUESTIONS IN CIPS L4M6 PDF DUMPS FORMAT

Most Probable Real Exam Questions in CIPS L4M6 PDF Dumps Format

Most Probable Real Exam Questions in CIPS L4M6 PDF Dumps Format

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VCEDumps has created reliable and up-to-date L4M6 Questions that help to pass the exam on the first attempt. The product is easy to use and very simple to understand ensuring it is student-oriented. The CIPS Supplier Relationships dumps consist of three easy formats; The 3 formats are Desktop-based practice test software, Web-based practice exam, and PDF.

CIPS L4M6 certification exam covers a range of topics related to supplier relationship management, including the importance of effective communication, negotiation skills, how to manage risk, and how to build strong relationships with suppliers. L4M6 exam is structured as a multiple-choice test that is designed to test the candidate's knowledge and understanding of these topics. Candidates are also required to complete a case study that tests their ability to apply their knowledge and skills to real-world scenarios.

CIPS L4M6 Exam is designed to test the candidates' knowledge and understanding of the importance of supplier relationships in procurement and supply chain management. L4M6 exam covers a wide range of topics, including the different types of supplier relationships, the benefits of good supplier relationships, the risks associated with poor supplier relationships, and the strategies and techniques for building and maintaining strong supplier relationships.

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CIPS L4M6 exam is a globally recognized certification that demonstrates an individual's expertise in managing supplier relationships. It provides procurement professionals with the necessary skills to develop and maintain strong relationships with suppliers, which can lead to cost savings, improved quality, and increased innovation. CIPS Supplier Relationships certification also demonstrates an individual's commitment to professional development and their desire to enhance their skills and knowledge in procurement and supply chain management. Overall, the CIPS L4M6 Exam is an essential qualification for procurement professionals who want to excel in their careers and make a significant contribution to their organizations.

CIPS Supplier Relationships Sample Questions (Q112-Q117):

NEW QUESTION # 112
Which of the following documents would you expect a supplier to submit as part of a Request for Proposal? Select THREE

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

Answer: B,C,D

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 # 113
Which of the following are valid strategies for dealing with conflict? Select THREE

  • A. Compromising
  • B. Contesting
  • C. Competing
  • D. Collecting
  • E. Collaborating

Answer: A,C,E

Explanation:
The three right answers are competing, collaborating and compromising. See the Thomas Kilmann Model on p.87. There are quite a few questions on this in the exam.


NEW QUESTION # 114
A restricted market is a market where there are only a small number of capable and competent suppliers.
Which of the following is not a reason for a marketplace to be restricted?

  • A. Low levels of profitability
  • B. The product is easy to source elsewhere
  • C. Strong governmental regulation
  • D. High barriers to entry

Answer: B

Explanation:
The correct answer is 'The product is easy to source elsewhere'. The other three are given as reasons a marketplace might be restricted on p.138. Other reasons also include; brand loyalty, difficult access to distribution channels, and companies colluding.


NEW QUESTION # 115
A comprehensive approach to managing the termination of a contractual relationship would include ...

  • A. Setting remedies and compensation for contractual breaches
  • B. Attacking the personalities, not the problem
  • C. Setting aside the value of existing work done by both parties
  • D. Giving qualitative feedback only

Answer: A

Explanation:
Effective termination includes remedies and compensation to address any contractual breaches, ensuring fairness and compliance with legal and ethical obligations.


NEW QUESTION # 116
Red Ltd and Blue Ltd have had a disagreement over a high value project they have been partnering on. They have been unable to resolve the issues inhouse and Red Ltd has suggested Mediation as an option. Is this a good option?

  • A. No- it would be better to solve the disagreement in-house
  • B. Yes- mediation means the buyer and supplier agree to accept a third party's decision which will solve the disagreement issues
  • C. No- mediation could have a negative impact on the companies' reputation
  • D. Yes- mediation involves a neutral third party and gets both parties to attempt to reach a compromise

Answer: D

Explanation:
The correct answer is 'Yes- mediation involves a neutral third party and gets both parties to attempt to reach a compromise'. Be careful not to confuse mediation with arbitration - arbitration is when the buyer and supplier agree to accept a third party's decision which will solve the disagreement issues. See p.112 for more information on solving disputes


NEW QUESTION # 117
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