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To be eligible for the CIPS L4M6 certification exam, candidates must have completed the CIPS Level 4 Diploma in Procurement and Supply or an equivalent qualification. L4M6 exam consists of 60 multiple-choice questions and is available in both paper-based and computer-based formats. Candidates have two hours to complete the exam, and a passing score of 60% is required to obtain the certification. Additionally, the CIPS L4M6 certification is valid for three years, after which candidates may need to complete a re-certification process to maintain their certification status.

CIPS L4M6 Certification Exam covers a broad range of topics related to supplier relationships, including supplier evaluation and selection, supplier performance management, contract management, and supplier development. L4M6 exam is designed to assess the candidate's ability to manage supplier relationships in a way that maximizes value for the organization. It is a comprehensive certification that equips professionals with the skills and knowledge they need to manage supplier relationships effectively.

CIPS Supplier Relationships Sample Questions (Q138-Q143):

NEW QUESTION # 138
Within a supplier's terms and conditions, they have a 'mutual termination for convenience' clause, which requires either party to provide 30 days' notice. Before the buyer signed the agreement, a procurement colleague recommended that the buyer should request this be amended to 90 days' notice. Was this amendment the correct thing to do?

A. No, as this will be in breach of statutory contract law requirements
B. Yes, as this will allow the buyer enough time to mobilize a new contract
C. No, as this will guarantee a hostile end to the buyer-supplier relationship
D. Yes, as the buyer will then be responsible for providing additional business to the supplier

Answer: B

Explanation:
Comprehensive and Detailed Explanation:
Extending the notice period in a mutual termination for convenience clause provides the buyer with additional time to:
* Identify and engage alternative suppliers
* Ensure continuity of supply
* Mitigate risks associated with abrupt contract termination
This proactive approach aligns with best practices in contract management, allowing for smoother transitions and minimizing potential disruptions.
Reference:
CIPS L4M6 Study Guide

NEW QUESTION # 139
Fashion buyer Kamal Sumai is working closely with a key overseas supplier and is monitoring and forecasting cost volatility within the fabric market. Kamal has decided it is the right time to raise a purchase order with his supplier for a greater quantity of fabric than he currently needs. Kamal is attempting to avoid an imminent price increase. What is this tactic known as?

A. Spot buying
B. Derivative buying
C. Hedging buying
D. Forward buying

Answer: D

Explanation:
Forward buying involves purchasing in advance to lock in current prices and avoid future increases. This strategy is effective in volatile markets where price hikes are anticipated.

NEW QUESTION # 140
A garden centre has recently purchased some lollypop sticks to use as plant labels. The staff have written the name of the plant on the lollypop stick and put it next to the plant. This helps them identify which plant is which. However, after a couple of weeks, the lollypop sticks have become mouldy and the writing has faded.
Staff are now struggling to identity their plants. The Manager of the garden centre is considering returning the lollypop sticks and asking for a full refund as they were not fit for purpose. Can the Manager do this?

A. Yes- the lollypop sticks have gone mouldy- this is unacceptable
B. No- as this was not the lollypop sticks intended purpose
C. Yes- so long as the manager kept the receipt
D. No- the manager cannot prove that the product is faulty

Answer: B

Explanation:
The correct answer is 'no- as this was not the lollypop sticks intended purpose'. When deciding if something is fit for purpose, you must consider its intended and common purpose. In this case it would be for making lollypops. As the garden centre is using them for something other than their intended purpose, they can't complain if it doesn't work. Fit for purpose is discussed on p.65 p.s. there's a question like this in the real exam - it's just not lollypop sticks ; )

NEW QUESTION # 141
A company has just hired a new cleaning firm to clean their offices. The specification for the clean was detailed in an appendix in the contract and included a list of pre-approved products that the cleaning firm should use. The cleaners that were sent to site had not read the contract and therefore did not use the appropriate products. What is the reason for the failure of this?

A. Miscommunication
B. Communication overload
C. Distortion of the facts
D. Poor communication

Answer: D

Explanation:
This is an example of poor-communication. The information was not passed from the person who signed the contract to the staff on site who were to do the cleaning. See p.158 on communication issues.

NEW QUESTION # 142
Is it correct to suggest that the sole objective of partnership sourcing is to achieve the lowest acquisition cost?

A. No, partnership sourcing is not applicable in one-off capital purchases where the concept of 'lowest acquisition cost' applies
B. Yes, because the concept of 'lowest acquisition cost' ignores the quoted price and focuses on long-term cost factors
C. Yes, the concept of 'lowest acquisition cost' focuses on collaboration just like partnership sourcing does
D. No, because partnership sourcing considers 'lowest acquisition cost' together with aspects of supplier partnerships

Answer: D

Explanation:
Comprehensive and Detailed Explanation:
Partnership sourcing is a strategic approach that emphasizes long-term collaboration between buyers and suppliers to achieve mutual benefits. While achieving a competitive acquisition cost is a component, it is not the sole objective. Partnership sourcing also focuses on:
* Quality Improvement:Ensuring that products or services meet or exceed quality standards.
* Innovation:Collaborating on new product development and process improvements.
* Risk Management:Sharing information to anticipate and mitigate risks.
* Supply Chain Efficiency:Streamlining processes to reduce lead times and inventory levels.
Therefore, while cost is important, partnership sourcing encompasses a broader range of objectives aimed at creating value for both parties.
Reference:
CIPS L4M6 Study Guide

NEW QUESTION # 143
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L4M6 Trusted Exam Resource & Test L4M6 Discount Voucher

Free PDF CIPS - L4M6 - CIPS Supplier Relationships –High Pass-Rate Trusted Exam Resource

CIPS Supplier Relationships Sample Questions (Q138-Q143):

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