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CIPS L4M6 Certification Exam is a valuable qualification for procurement and supply chain professionals who want to demonstrate their ability to manage supplier relationships effectively. CIPS Supplier Relationships certification covers a range of topics related to supplier management, including ethical and sustainable practices. L4M6 exam is internationally recognized and can help professionals advance their careers in this field.
CIPS L4M6 exam is a challenging and comprehensive assessment of the candidate's knowledge and skills in managing supplier relationships. Successfully passing L4M6 Exam demonstrates the candidate's ability to effectively manage supplier relationships, which is a critical skill for any procurement professional. L4M6 exam is recognized globally and is highly valued by employers in the procurement and supply chain industry. Candidates who pass the exam will be awarded the CIPS Level 4 Diploma in Procurement and Supply, which is a valuable qualification that can help to advance their career in procurement.
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CIPS L4M6 Certification Exam is highly valued by employers worldwide and is recognized as a benchmark for excellence in supplier relationship management. By obtaining this certification, procurement professionals can demonstrate their commitment to continuous professional development and their ability to add value to their organization by effectively managing supplier relationships.
CIPS Supplier Relationships Sample Questions (Q171-Q176):
NEW QUESTION # 171
Jenny is a procurement manager who works in the public sector. She has been charged with organising a tender to source new Xray machines for a hospital and to ensure that they receive 'value for money'. Which of the following should Jenny consider when drafting her ITT?
Answer: C
Explanation:
Jenny should consider whole life costing. Ensuring value for money means considering a combination of price and quality throughout the lifetime of the product. See p.65 for more on 'Achieving Value for Money'
NEW QUESTION # 172
In an oliogopy market, what would a regulator do?
Answer: A
Explanation:
In an oliogopy, supplier power is strong. Sometimes regulators are required in the market to prevent the group of suppliers conspiring together to artificially increase prices. See p.40 for more information on Oligopy markets.
NEW QUESTION # 173
A local government procurement team is undertaking a full review of their current internal working processes.
The team of buyers currently have a partnership-style relationship with their routine suppliers. Is this the best relationship style to use?
Answer: C
Explanation:
Routine suppliers typically supply low-value, low-risk items. Maintaining partnerships in such cases is inefficient since alternative suppliers are readily available. Adopting a transactional or adversarial relationship would be more appropriate.
NEW QUESTION # 174
Which of the following are Intellectual Property Rights that you would you encounter in procurement and supply contracts? Select THREE.
Answer: A,B,D
Explanation:
Intellectual Property Rights include; Patents, Copywrite, Trademarks and Trade Secrets. P.114
NEW QUESTION # 175
Which of the following are primary activities, according to Porter's Value Chain? Select THREE.
Answer: B,C,D
Explanation:
This Question: refers to
Porter's Value Chain (p.35). There's a couple of questions on this in the exam so try to learn it. Primary activities are; inbound logistics, operations, outbound logistics, marketing and sales, after sales- service
NEW QUESTION # 176
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