Reliable L4M6 Exam Papers & New L4M6 Test Registration

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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.

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L4M6 Exam Braindumps & L4M6 Quiz Questions & L4M6 Valid Braindumps

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CIPS Supplier Relationships Sample Questions (Q151-Q156):

NEW QUESTION # 151
Victoria runs a hotel and has recently had several security issues such as attempted robberies. She has decided that she needs to hire a security firm to ensure these issues don't continue. She has done some research and has found there are several local security firms who may be able to provide services to her hotel. However, she hasn't decided exactly what she would require the security firm to do. What should be Victoria's next steps?

A. Issue a Request for Proposal
B. Issue a Request for Quotation
C. Issue a Prior Information Notice
D. Issue an Invitation to Tender

Answer: A

Explanation:
Victoria should use a 'request for proposal' - this allows the security firms to submit ideas on how best to serve the hotel. They might come up with some ideas that Victoria hasn't thought about and can price against their own ideas. As Victoria doesn't have a concrete specification, an ITT or RFQ are not appropriate. A PIN tells suppliers that a tender opportunity is coming up and is used in the Public Sector. A hotel is not a Public Sector organisation. See p.76 for more information on when to issue a Request for Proposal

NEW QUESTION # 152
In the Purchasing Portfolio Matrix, a leverage product is a product in a market where it is easy to switch suppliers and the quality is standardised. Is this TRUE or FALSE?

A. False, the product is in a supply market which is highly complex and the product is of high importance
B. True, the product is in a supply market which is of low complexity and the product is of high importance
C. True, the product is in a supply market which is of low complexity and the product is of low importance
D. False, the product is in a supply market which is highly complex and the product is of low importance

Answer: B

Explanation:
Comprehensive and Detailed Explanation:
Leverage products are characterized by:
* High profit impact:They significantly affect the company's bottom line.
* Low supply risk:They are available from multiple suppliers, making it easy to switch if necessary.
These products often have standardized quality, and the competitive supply market allows buyers to negotiate favorable terms.
Reference:
CIPS L4M6 Study Guide

NEW QUESTION # 153
Which of the following are advantages of partnering?

A. Continual improvement
B. Supply chain consolidation
C. Hard to displace
D. Prioritization of transactions

Answer: A,B

Explanation:
Partnering supports supply chain consolidation and continual improvement by fostering collaboration and shared objectives. These benefits align with the strategic goals of building resilient and efficient supply chains.

NEW QUESTION # 154
You work at XYZ manufacturers and a competitor has just released a rival washing machine to the product that you make. This model is proving popular with customers. What competitive force is at play?

A. supplier power
B. threat of substitution
C. threat of new entrant
D. buyer power

Answer: C

Explanation:
This is a threat of a new entrant. The competitor has now entered the washing machine market and is competing directly with you. This is not a threat of substitution as it is the same product. A substitution would be if they invented a new product that washed clothes and people started buying this instead of washing machines. There are many questions in the exam on Porter's 5 Forces - see p. 39

NEW QUESTION # 155
Which of the following are considered part of the '5 Rights of Procurement'? Select THREE.

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

Answer: B,C,D

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 # 156
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Reliable L4M6 Exam Papers & New L4M6 Test Registration

L4M6 Exam Braindumps & L4M6 Quiz Questions & L4M6 Valid Braindumps

CIPS Supplier Relationships Sample Questions (Q151-Q156):

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