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CIPS Valid L4M6 Valid Test Answers–Pass L4M6 First Attempt

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A whole new scope opens up to you and you are immediately hired by reputed firms. Even though the CIPS L4M6 certification boosts your career options, you have to pass the L4M6 Exam. This CIPS L4M6 exam serves to filter out the capable from incapable candidates.

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CIPS L4M6 (CIPS Supplier Relationships) Exam is an essential certification for procurement and supply professionals who want to advance their knowledge and skills in managing supplier relationships. L4M6 exam is designed to test the candidates' ability to develop and manage effective supplier relationships that are beneficial to both parties. It covers various areas, including supplier selection, contract management, and supplier performance measurement.

CIPS L4M6 Certification Exam, also known as CIPS Supplier Relationships, is a globally recognized qualification designed for procurement professionals who want to enhance their knowledge and skills in managing supplier relationships. CIPS Supplier Relationships certification provides candidates with the theoretical and practical understanding of effective supplier relationship management, which is crucial for achieving sustainable procurement practices.

CIPS Supplier Relationships Sample Questions (Q11-Q16):

NEW QUESTION # 11
A comprehensive approach to managing the termination of a contractual relationship would include ...

A. Attacking the personalities, not the problem
B. Setting aside the value of existing work done by both parties
C. Giving qualitative feedback only
D. Setting remedies and compensation for contractual breaches

Answer: D

Explanation:
Effective termination includes remedies and compensation to address any contractual breaches, ensuring fairness and compliance with legal and ethical obligations.

NEW QUESTION # 12
Beyond Say is a manufacturer of diamond rings. It sources a lot of different parts to create its products including diamonds, gold, cardboard boxes for the rings to go in, as well as stationary and copier paper for the offices. Although it doesn't buy many diamonds, these represent a large part of Beyond Say's spend. Which category of spend would diamonds represent?

A. Option
B. It isn't possible to tell
C. Option
D. Option

Answer: C

Explanation:
This is category 'A' spend in the ABC model - they represent a large value and a small number of purchases / suppliers. See p.17 for more information on the ABC Analysis

NEW QUESTION # 13
A law firm is ending an agreement with a client they have represented for many years. What is the most important legal consideration to be taken before terminating?

A. Security
B. Employee rights
C. Confidentiality
D. Finance

Answer: C

Explanation:
Confidentiality is critical in professional relationships, especially for law firms, as they handle sensitive client information. Ensuring that all legal obligations to protect this information are met aligns with ethical and legal best practices.

NEW QUESTION # 14
A company is about to invite tenders for a contract to clean external windows at several premises, all at least three storeys high. It is going to do this in two stages. For the first stage, it will issue a pre-qualification questionnaire (PQQ) and, from the replies, select at least five potential suppliers to invite to tender. Which of the following is a selection criterion rather than an award criterion?

A. Price that will be charged
B. Environmental impact assessment
C. Risk assessments at the premises
D. Method statements for previous contracts

Answer: D

Explanation:
Selection criteria focus on the supplier's capability and experience (e.g., method statements). Award criteria are used to evaluate and compare proposals during the tender process, such as price or environmental considerations.

NEW QUESTION # 15
Which of the following are features of a partnership sourcing relationship compared with a traditional adversarial relationship? Select TWO that apply.

A. Emphasis on long-term relationship
B. Emphasis on quality with zero defects
C. Emphasis on the lowest price
D. Emphasis on inspection of incoming supplies
E. Emphasis on short-term relationship

Answer: A,B

Explanation:
Partnerships emphasize mutual goals such as quality improvement and long-term collaboration, contrasting with adversarial relationships that focus on cost and short-term gains.

NEW QUESTION # 16
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