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Supply chains are the backbone of modern businesses, and the success of any organization depends on its ability to effectively manage its suppliers. The Chartered Institute of Procurement & Supply (CIPS) L4M6 Certification in Supplier Relationships is designed to equip procurement professionals with the skills and knowledge necessary to manage supplier relationships effectively. CIPS Supplier Relationships certification is aimed at procurement professionals who wish to develop their expertise in supplier management and enhance their career prospects.

CIPS L4M6 Exam is a highly regarded qualification designed for procurement professionals who wish to enhance their knowledge and skills in managing supplier relationships. L4M6 exam is offered by the Chartered Institute of Procurement and Supply (CIPS), a global professional body that provides training and qualifications in procurement and supply chain management. The CIPS L4M6 exam is the sixth module in the Level 4 qualification, which focuses on supplier relationships.

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CIPS Supplier Relationships Sample Questions (Q19-Q24):

NEW QUESTION # 19
Beyond Say is a manufacturer of diamond rings. It sources a lot of different parts to create its products including diamonds, gold, cardboard boxes for the rings to go in, as well as stationary and copier paper for the offices. Although it doesn't buy many diamonds, these represent a large part of Beyond Say's spend. Which category of spend would diamonds represent?

A. It isn't possible to tell
B. Option
C. Option
D. Option

Answer: D

Explanation:
This is category 'A' spend in the ABC model - they represent a large value and a small number of purchases / suppliers. See p.17 for more information on the ABC Analysis

NEW QUESTION # 20
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. 1 and 2 only
B. 3 and 4 only
C. 1 and 4 only
D. 2 and 3 only

Answer: C

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 # 21
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. Strong governmental regulation
B. The product is easy to source elsewhere
C. High barriers to entry
D. Low levels of profitability

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 # 22
Which of the following are advantages for the buyer of early supplier involvement with the buyer's product development team?

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

Answer: B

Explanation:
Early supplier involvement ensures the supplier understands process timelines and allows the buyer to leverage supplier capabilities. This improves product development efficiency and enhances outcomes.

NEW QUESTION # 23
When using competitive forces theory, suppliers are powerful in which of the following situations? Select THREE that apply.

A. The product is undifferentiated
B. The volume purchased is not important
C. There is potential for backward integration
D. The switching costs are high
E. There are few substitute products
F. The product is highly differentiated

Answer: D,E,F

Explanation:
Suppliers gain power when their products have limited substitutes, are highly differentiated, or when switching costs are high. These factors reduce buyer leverage and increase supplier influence, as described in Porter's Five Forces model.

NEW QUESTION # 24
......

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Latest L4M6 Exam Format - Dumps L4M6 Free Download

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CIPS Supplier Relationships Sample Questions (Q19-Q24):

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