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CIPS L4M6 Exam is designed for procurement professionals with some experience in supplier relationship management. It is an advanced level exam that requires a thorough understanding of the procurement function and the role of supplier relationships in achieving organizational objectives. Candidates who pass L4M6 exam gain valuable skills and knowledge that can help them to excel in their roles as procurement professionals.
CIPS L4M6 (CIPS Supplier Relationships) Certification Exam is an internationally recognized qualification that focuses on developing procurement professionals' knowledge and skills in managing relationships with suppliers. CIPS Supplier Relationships certification exam is designed to equip procurement professionals with the necessary tools to develop and maintain strategic supplier relationships that drive value, innovation and competitive advantage.
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CIPS Supplier Relationships Sample Questions (Q87-Q92):
NEW QUESTION # 87
'tail spend' is a common category used in procurement and describes a category of items. What characteristics do theses items have?
Answer: A
Explanation:
Tail spend items are low value, high volume. P. 132
NEW QUESTION # 88
Robbie is a procurement manager at a public sector organisation. He is running a tender which is worth £2m and so will advertise this on OJEU. His manager has reminded Robbie to include CPV codes on the tender.
What purpose would this serve?
Answer: A
Explanation:
CPV codes help suppliers find opportunities they can bid for. CPV codes are a numerical classification for products e.g. Strawberry Jam is 15332296 and when they are included on a Tender, any supplier who is registered with that same CPV code will get a notification that the tender is live. CPV codes arediscussed on p.
72 but not in much detail- so don't worry if you don't know much about them. So long as you know the above, you'll be fine.
NEW QUESTION # 89
What is a key driver for developing a partnership relationship?
Answer: C
Explanation:
Comprehensive and Detailed Explanation:
Fast-changing technology necessitates close collaboration between buyers and suppliers to stay ahead of market trends and innovations. Partnerships enable shared development efforts, quicker adaptation, and mutual growth in dynamic technological environments.
Reference:
CIPS L4M6 Study Guide
NEW QUESTION # 90
Which of the following macro-environmental factors can affect supply chains?
Answer: C
Explanation:
STEEPLE is what is used to analyse the macro-environment; the factors are; social, technological, economic, environmental, political, legislative and ethical. Details of this can be found on p.43-44. Note in the exam they won't necessarily be given in this order.
NEW QUESTION # 91
Mandy is looking to source windows and doors for a new build apartment block. She has done some initial research and has discovered that there are many suppliers in the marketplace that can supply the items she needs. As it is a high-value project she is thinking of running a formal tender. What should be Mandy's first step?
Answer: D
Explanation:
The correct answer is 'run a restricted competition - send out a PQQ'. This Question: tests both your understanding of when to run open and restricted competitions (which is explained on p.75) and your understanding of tender documents. Mandy should run a restricted competition- there are a lot of options in the marketplace and this will allow her to pre-qualify those who best suit her requirements. Running an open competition when there are lots of suppliers would be too time-consuming- you need a way of making a short-list. When you run a restricted competition, the first stage is sending out a PQQ- pre-qualification questionnaire; this document is sent to suppliers asking for necessary information to support their qualification as an approved supplier.
NEW QUESTION # 92
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