FRENQUENT L4M6 UPDATE | VALID CIPS L4M6 DOWNLOAD FREE DUMPS: CIPS SUPPLIER RELATIONSHIPS

Frenquent L4M6 Update | Valid CIPS L4M6 Download Free Dumps: CIPS Supplier Relationships

Frenquent L4M6 Update | Valid CIPS L4M6 Download Free Dumps: CIPS Supplier Relationships

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Tags: Frenquent L4M6 Update, L4M6 Download Free Dumps, L4M6 Latest Test Pdf, L4M6 Valid Test Tips, Valid L4M6 Exam Duration

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CIPS L4M6 exam is aimed at procurement professionals who are responsible for managing supplier relationships within their organization. This includes procurement managers, supply chain managers, and purchasing managers, as well as other professionals involved in the procurement process. L4M6 Exam is designed to test the candidate's knowledge and understanding of the key principles and best practices of supplier relationship management, as well as their ability to apply this knowledge in real-world situations.

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Our L4M6 desktop practice test software works after installation on Windows computers. The CIPS Supplier Relationships L4M6 web-based practice exam has all the features of the desktop software, but it requires an active internet connection. If you are busy in your daily routine and cant manage a proper time to sit and prepare for the L4M6 Certification test, our L4M6 PDF questions file is ideal for you. You can open and use the L4M6 Questions from any location at any time on your smartphones, tablets, and laptops. Questions in the CIPS Supplier Relationships L4M6 PDF document are updated, and real.

CIPS Supplier Relationships Sample Questions (Q57-Q62):

NEW QUESTION # 57
Which of the following are typical drivers for a partnership between the buyer and the supplier? Select the THREE that apply.

  • A. There are many suppliers in the market
  • B. The buyer has a high spend with the supplier
  • C. The product is critical for the buyer
  • D. The product is a commodity
  • E. The supplier provides the product to a buyer's competitor
  • F. The product is technically complex

Answer: B,C,F

Explanation:
Drivers for partnership include a high spend with the supplier, criticality of the product, and technical complexity. These factors encourage collaboration for cost efficiency, quality improvement, and risk management. Partnerships are less likely when there are many suppliers or the product is a commodity, as competition and standardization reduce the need for close collaboration.


NEW QUESTION # 58
Which one of the following would constitute a succession issue when terminating a relationship?

  • A. Processing penalties
  • B. Payment of old invoices
  • C. Continuity of supplies
  • D. Deletion of old specifications

Answer: C

Explanation:
Ensuring continuity of supplies is critical during termination to avoid disruptions. Succession issues focus on maintaining essential operations while transitioning to new suppliers or arrangements.


NEW QUESTION # 59
A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyze its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. Which of the following STEEPLED factors is most likely to have the greatest effect?

  • A. Ethical
  • B. Technological
  • C. Economic
  • D. Sociocultural

Answer: B

Explanation:
Technological factors play a pivotal role in IT equipment supply chains. Advancements, obsolescence, and innovation significantly affect production, cost, and competitiveness, making it a primary focus in supply chain development.


NEW QUESTION # 60
Rachel and Jacky work in the procurement department of Foddy Foods Ltd. They have been told by their CEO to build better relationships with strategic suppliers as this will create value for money for the company.
In what ways can value for money be achieved by building strong relationships with suppliers? Select TWO.

  • A. Reducing costs
  • B. Reduction of waste
  • C. Better payment terms
  • D. Innovation developed as part of collaborative projects

Answer: B,D

Explanation:
Supplier relationships can result in value for money in the reduction of waste and in innovation developed as part of collaborative projects. Remember that in CIPS waste doesn't necessarily mean physical waste (as in stuff you don't want any more). There are 7 types of waste including waiting, inventory, transportation etc. So when you develop a relationship with a supplier, this can reduce waste (e.g. you may be able to get deliveries quicker by integrating your ordering system with the supplier's, or you might reduce transportation by agreeing a Consignment stock). Having a good relationship with a supplier isn't necessarily going to get you a reduction in cost or better payment terms. See p.70 for more details on this- there's a short list of ways in which good supplier relationships can bring value for money to a business.


NEW QUESTION # 61
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 standardized. 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 low importance
  • C. True, the product is in a supply market which is of low complexity and the product is of high importance
  • D. False, the product is in a supply market which is highly complex and the product is of low importance

Answer: C

Explanation:
Leverage products are characterized by high spend and low complexity, giving buyers the ability to negotiate favorable terms due to supplier competition and standardization.


NEW QUESTION # 62
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This version of the practice exam is suitable for individuals who are comfortable in practicing for the exam online. This software contains all the features we have discussed above in the paragraph of the desktop version. RealExamFree online practice test frees you from hassles of installing software and plugins. You can use this format of the CIPS L4M6 Mock Exam on any operating system, and it is accessible via these browsers: Opera, Safari, Chrome, Firefox, MS Edge, and Internet Explorer.

L4M6 Download Free Dumps: https://www.realexamfree.com/L4M6-real-exam-dumps.html

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