L4M6 EXAM ANSWERS | L4M6 EXAM VCE

L4M6 Exam Answers | L4M6 Exam Vce

L4M6 Exam Answers | L4M6 Exam Vce

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Tags: L4M6 Exam Answers, L4M6 Exam Vce, L4M6 Exam Papers, L4M6 Exam PDF, Valid L4M6 Test Vce

In order to be able to better grasp the proposition thesis direction, the CIPS Supplier Relationships study question focus on proposition which one recent theory and published, in all kinds of academic report even if update to find effective thesis points, according to the proposition of preferences and habits, ponder proposition style of topic selection, to update our L4M6 Exam Question, to facilitate users of online learning, better fit time development hot spot.

CIPS L4M6 exam is a crucial certification exam for procurement professionals who want to understand and manage supplier relationships. L4M6 exam is designed to provide a comprehensive understanding of the essential elements of supplier relationship management, including the development, implementation, and management of supplier relationships. It is an ideal certification for procurement professionals who want to enhance their skills and knowledge in managing supplier relationships to improve the procurement process.

CIPS L4M6 Exam is an essential step for procurement professionals seeking to boost their career prospects. It covers the critical topic of supplier relationships and their management, which is essential for any organization that wants to achieve success in procurement. L4M6 exam is highly valued by employers and provides candidates with a competitive edge in the job market.

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2025 Fantastic CIPS L4M6 Exam Answers

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CIPS L4M6 (CIPS Supplier Relationships) Certification Exam is designed to evaluate the knowledge and skills of procurement professionals in managing and developing successful supplier relationships. CIPS Supplier Relationships certification is ideal for individuals who are responsible for supplier selection, evaluation, and development, as well as for those who are involved in negotiating contracts and managing supplier performance.

CIPS Supplier Relationships Sample Questions (Q97-Q102):

NEW QUESTION # 97
A low-cost fashion retailer based in Europe is looking at adding value in their procurement activities. The retailer buys clothing for resale with a very small profit margin applied, relying on volume sales to make a profit. Which of the following added-value approaches will be the most critical for the procurement team of the retailer to focus on with their supply chain?

  • A. Improving timescales
  • B. Reduction of inventory
  • C. Price management
  • D. Quality enhancement

Answer: C

Explanation:
Price management is crucial for low-cost retailers to maintain profitability. This includes negotiating better pricing, managing costs effectively, and ensuring competitive pricing for volume sales.


NEW QUESTION # 98
Kinky Boots Ltd provides high heeled shoes in large sizes. Their target market are Drag Queens. There are a couple of rival shoe manufacturers in this market and Kinky Boots Ltd offer the cheapest high heels. What strategy is Kinky Boots Ltd employing in terms of competitive advantage?

  • A. differentiation focus
  • B. cost focus
  • C. cost leadership
  • D. differentiation

Answer: B

Explanation:
This is 'cost focus' - Kinky Boots is both focusing on being a cost leaser (by providing the cheapest products) and focusing on a niche market (drag queens). When these two strategies are combined it is called 'cost focus'.
There's a couple of questions on Porter's Generic Strategies in the exam- there's a useful diagram of this on P.
13


NEW QUESTION # 99
George is running a competition to find a supplier to install solar panels on the roof of his factory. The energy this produces will power some of the machines. Cost is an important factor, but there are also other considerations that are important such as how long the solar panels will last, and the maintenance costs if they ever break. What should George do?

  • A. Only invite suppliers he knows will be able to provide good quality products which won't break
  • B. Run a separate tender for a company who can provide reactive maintenance to the solar panels
  • C. Evaluate the bids on price only as this is an important factor
  • D. Use a weighted award criteria

Answer: D

Explanation:
George should use a weighted award criteria - this will allow him to judge suppliers not only on cost, but also on the quality of their products and whether or not they can provide maintenance. For example George could weight the bids in this way; 40% cost, 30% durability of the panels and 30% maintenance costs. For more information on how weighted award criteria works see p.78


NEW QUESTION # 100
Innovation is a key consideration when entering into a partnership. Is this statement true?

  • A. No- innovation is best achieved in a contractual relationship where KPIs can be monitored closely.
  • B. No- the key consideration when entering a partnership is cost reduction
  • C. Yes- innovation is the only reason to enter into a partnership
  • D. Yes- joint innovation projects are often a strong motivation for entering into a partnership

Answer: D

Explanation:
The correct answer is 'Yes- joint innovation projects are often a strong motivation for entering into a partnership'. The other options are simply not true statements. A lot of the questions on the 'Partnerships' chapters of the book are common-sense questions like this. It involves reading the Question: and using logic, rather that relying on your knowledge of procurement. If you found this Question: easy - that's a good sign for the exam.


NEW QUESTION # 101
Which of the following would be benefits of partnership sourcing? Select TWO that apply.

  • A. Reduction in stakeholder numbers
  • B. No need for contracts
  • C. Reduction in costs
  • D. Reduction in inflation
  • E. Continuity of supply

Answer: C,E

Explanation:
Partnership sourcing improves efficiency through cost reduction and ensures continuity of supply by fostering long-term, collaborative relationships with key suppliers, as highlighted in CIPS guidelines.


NEW QUESTION # 102
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