QUIZ L4M6 - PERFECT VALID CIPS SUPPLIER RELATIONSHIPS TEST DUMPS

Quiz L4M6 - Perfect Valid CIPS Supplier Relationships Test Dumps

Quiz L4M6 - Perfect Valid CIPS Supplier Relationships Test Dumps

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The CIPS Supplier Relationships certification exam is intended for procurement and supply chain professionals seeking to enhance their skills and knowledge in managing supplier relationships. These professionals may include procurement managers, supply chain managers, category managers, and purchasing professionals. L4M6 exam is designed to assess the candidates' understanding of the key concepts and principles of supplier relationship management and their ability to apply them in real-world scenarios.

CIPS L4M6 certification exam comprises of 60 multiple-choice questions that must be completed within two hours. L4M6 Exam is conducted online and is available in English. CIPS Supplier Relationships certification is designed to test the candidate's knowledge and understanding of supplier relationship management, including topics such as supplier segmentation, supplier performance management, and supplier development. It also assesses the candidate's ability to identify and mitigate risks associated with supplier relationships.

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CIPS Supplier Relationships Sample Questions (Q120-Q125):

NEW QUESTION # 120
National Hospital Trust (NHT) has entered into a partnership relationship with a major facilities management provider. The two organizations have agreed on the approach to undertake regular reviews and audits. The audit approach will include which of the following?

  • A. Category management and supplier rationalization
  • B. Lessons learned and continuous improvement
  • C. Specification development and management
  • D. Macro and micro environmental analysis

Answer: B

Explanation:
Regular reviews focusing on lessons learned and continuous improvement ensure the partnership remains effective and aligned with objectives. This supports ongoing collaboration and operational excellence.


NEW QUESTION # 121
A company is about to invite tenders for a contract to clean external windows at several premises, all at least three storeys high. It is going to do this in two stages. For the first stage, it will issue a pre-qualification questionnaire (PQQ) and, from the replies, select at least five potential suppliers to invite to tender. Which of the following is a selection criterion rather than an award criterion?

  • A. Method statements for previous contracts
  • B. Environmental impact assessment
  • C. Price that will be charged
  • D. Risk assessments at the premises

Answer: A

Explanation:
Selection criteria focus on the supplier's capability and experience (e.g., method statements). Award criteria are used to evaluate and compare proposals during the tender process, such as price or environmental considerations.


NEW QUESTION # 122
Which of the following are features of a partnership sourcing relationship compared with a traditional adversarial relationship? Select TWO that apply.

  • A. Emphasis on long-term relationship
  • B. Emphasis on the lowest price
  • C. Emphasis on inspection of incoming supplies
  • D. Emphasis on quality with zero defects
  • E. Emphasis on short-term relationship

Answer: A,D

Explanation:
Partnerships emphasize mutual goals such as quality improvement and long-term collaboration, contrasting with adversarial relationships that focus on cost and short-term gains.


NEW QUESTION # 123
How would a buyer measure value for money from a relationship with a new supplier for goods?

  • A. Audit of how suppliers promise
  • B. Balance of quality and cost
  • C. Lowest possible cost
  • D. Quality and volume of goods

Answer: B

Explanation:
Value for money is achieved through a balance of quality and cost, ensuring that the goods meet performance requirements while being cost-effective, as per procurement best practices.


NEW QUESTION # 124
Tim manages the procurement department at a large retailer. He wants to ensure that his team are achieving value for money in their procurement activities. Which of the following should Tim set up?

  • A. Framework
  • B. ITT
  • C. Contract
  • D. Audit

Answer: D

Explanation:
Tim should do an audit. P.71 of the textbook says "to ensure that a procurement department is achieving value for money, an audit should be undertaken"


NEW QUESTION # 125
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