NEW CIPS L4M6 TEST BRAINDUMPS & L4M6 TEST FREE

New CIPS L4M6 Test Braindumps & L4M6 Test Free

New CIPS L4M6 Test Braindumps & L4M6 Test Free

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CIPS L4M6 exam covers a wide range of topics related to supplier relationship management, including supplier selection, evaluation and monitoring, contract management, supplier performance measurement, and supplier development. L4M6 exam is designed to test the candidate’s understanding of the best practices and techniques for managing supplier relationships and maximizing the value of supplier partnerships.

CIPS L4M6 Exam is a critical exam for any procurement professional looking to advance their career. L4M6 exam focuses on CIPS supplier relationships, which are essential for any successful procurement operation. L4M6 exam is designed for professionals looking to develop their understanding and practical skills in managing supplier relationships.

CIPS Supplier Relationships Sample Questions (Q71-Q76):

NEW QUESTION # 71
Sugar Doughnut Ltd has a jam supplier that they have used successfully for over ten years. They have made investments in the supplier's factory to support them with capital equipment upgrades in return for cost reduction on jam. The two companies also collaborate on bids for large supermarkets when looking to supply doughnuts and work together on quality improvements. No contracts exist between the two companies. Could this relationship be said to be a partnership relationship?

  • A. No, because they have only worked together for ten years
  • B. No, because contracts do not exist between the two companies
  • C. Yes, because they have demonstrated close collaboration on various projects
  • D. Yes, because they both operate in the food sector

Answer: C

Explanation:
The relationship qualifies as a partnership due to their collaboration, shared investments, and mutual efforts toward improvement, regardless of the absence of formal contracts. Partnerships focus on shared goals, trust, and strategic alignment rather than mere documentation.


NEW QUESTION # 72
What is the correct order for the 5 stages of team development?

  • A. Forming, storming, performing, adjourning, norming
  • B. Forming, storming, norming, performing, adjourning
  • C. Storming, norming, adjourning, performing, forming
  • D. Norming, adjourning, storming, performing, forming

Answer: B

Explanation:
Comprehensive and Detailed Explanation:
Bruce Tuckman's model of team development outlines five stages:
* Forming- Team members get acquainted and establish ground rules.
* Storming- Members begin to communicate their feelings but still view themselves as individuals rather than part of the team.
* Norming- People feel part of the team and realize that they can achieve work if they accept other viewpoints.
* Performing- The team works in an open and trusting atmosphere where flexibility is the key and hierarchy is of little importance.
* Adjourning- The team conducts an assessment of the year and implements a plan for transitioning roles and recognizing members' contributions.
Reference:
CIPS L4M6 Study Guide


NEW QUESTION # 73
The Managing Director of XYZ Ltd has asked the Procurement Manager to support the engineering team and ensure a new product design is suitable for volume manufacturing. The Procurement Manager arranged a series of meetings with suppliers and its internal development team, the XYZ manufacturing department, and research and development department to get their feedback on the proposed design. What are the activities undertaken by XYZ Ltd called?
* Early supplier involvement
* Benchmarking
* Cross-organisational involvement
* Subcontracting

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

Answer: A

Explanation:
Comprehensive and Detailed Explanation:
Early Supplier Involvement (ESI) refers to the practice of involving suppliers early in the product development process to leverage their expertise and capabilities. Cross-organisational involvement entails collaboration across various departments within the organization, such as procurement, engineering, manufacturing, and R&D, to ensure the product design is feasible and efficient for production.
Reference:
CIPS L4M6 Study Guide


NEW QUESTION # 74
Which of the following relationship types are characterised by low levels of trust? Select TWO options

  • A. Arm's Length
  • B. Partnership
  • C. Outsourced
  • D. Single- Sourced
  • E. Adversarial
    (Correct)

Answer: A,E

Explanation:
Adversarial and Arm's Length relationships have low levels of trust. Single Source, Partnership and Outsourcing require high level of trust. See p.5 for the Supplier Relationship Spectrum


NEW QUESTION # 75
Which of the following are possible drivers for partnership sourcing? Select THREE.

  • A. The protection of intellectual property rights
  • B. The marketplace has become more volatile
  • C. Working together will create synergies
  • D. The need to improve performance to satisfy the end customer
    To increase production costs and lead-times

Answer: B,C,D

Explanation:
The correct answers are; The marketplace has become more volatile, Working together will create synergies and The need to improve performance to satisfy the end customer. Further Drivers of Partnership Sourcing can be found on p.127. The other answers are incorrect as entering a partnership won't protect intellectual property rights- in fact that's one of the big risks of entering into a partnership. Partnerships won't increase costs and lead-times, they're likely to decrease them.


NEW QUESTION # 76
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