QUIZ 2025 L4M6: PERFECT DOWNLOAD CIPS SUPPLIER RELATIONSHIPS FEE

Quiz 2025 L4M6: Perfect Download CIPS Supplier Relationships Fee

Quiz 2025 L4M6: Perfect Download CIPS Supplier Relationships Fee

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CIPS L4M6 certification exam is an excellent way to demonstrate to employers that you have the skills and knowledge required to manage supplier relationships effectively. Achieving this certification can help you stand out from other candidates when applying for procurement and supply chain management roles. It can also help you progress in your career and open up new opportunities for advancement.

CIPS L4M6 certification exam is designed for procurement and supply chain professionals who are looking to enhance their knowledge and skills in managing supplier relationships. L4M6 Exam covers a range of topics related to supplier management, including supplier selection and evaluation, contract management, performance measurement, and improvement strategies. CIPS Supplier Relationships certification is recognized globally and is highly valued by employers in the procurement and supply chain industry.

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CIPS Supplier Relationships Sample Questions (Q208-Q213):

NEW QUESTION # 208
A supplier is working with a buyer who represents a large percentage of his business. Without this particular buyer, the supplier would likely go out of business. There has been a dispute in the last invoice which the buyer is not happy about. What technique should the supplier use when talking to the buyer about this?

  • A. Avoiding- the supplier should avoid talking with the buyer as this may result in conflict
  • B. Accommodating- the supplier should show a large degree of co-cooperativeness as the buyer is important to their survival
  • C. Accepting - the supplier should accept that conflict should sometimes occur in buyer: supplier relationships and work hard to avoid them
  • D. Competing- the supplier needs to earn more money as they are struggling financially

Answer: B

Explanation:
The correct answer is 'accommodating'. This question is based on the Thomas-Kilmann Conflict model on p.87. This comes up quite a bit in the exam. It is comprised of 5 techniques for dealing with conflict; competing, collaborating, compromising, avoiding and accommodating. In this instance, the supplier should have a high degree of co-cooperativeness and a low degree of assertiveness as the long-term relationship is very important- more important than the outcome of the disputed invoice.


NEW QUESTION # 209
Value for money is often described at the 'three Es'; economy, efficiency and effectiveness. However some people consider a 4th E which refers to the public sector. What is the fourth E?

  • A. Equity
  • B. Environment
  • C. Ethics
  • D. Equality

Answer: A

Explanation:
Equity is the fourth E- this means the extent to which the service is available. See p.65 for details on the 4 Es


NEW QUESTION # 210
Which of the following is characteristic of an adversarial relationship?

  • A. They are only used for one-off purchases
  • B. The outcome of the deal is more important than the long term relationship
  • C. The communication is always poor
  • D. The price is more important than the quality of the product

Answer: B

Explanation:
In an adversarial relationship "the outcome of the deal... is more important than maintaining the relationship over a long-term period" p.7. They can be characterised by poor communication and can be used for one-off purchases but be careful for words in answers such as 'only' and 'always', as these can be misleading; adversarial relationships aren't always for one-off purchases, and communication isn't always poor. The other answer is incorrect (price is more important) because it doesn't describe the relationship, which is what the question asked.


NEW QUESTION # 211
Agile Cars Ltd is creating a 'lean' business model which involves receiving deliveries of components only when they are required. Which of the following 'wastes' is being removed from the business?

  • A. Defects
  • B. Over-production
  • C. Inventory
  • D. Transportation

Answer: C

Explanation:
This would reduce inventory (holding stock). Inventory is considered a business waste because it costs money to store stuff (e.g. paying the rent on a warehouse, electricity to light it up etc). If you can reduce the need to store materials and components on site- you reduce costs. You also save time because you get deliveries when you need them- you don't need to allow for staff unpacking things, storing them away, then going back to them later when they need them. For more information on the 7 Business Wastes see p.70. This comes up in a couple of modules, so it's worth remembering.


NEW QUESTION # 212
Grey Stone Memorial Hospital is a private medical facility which has an idea for a vaccine to a deadly disease, but does not have the capacity to make the vaccine itself. It is considering partnering with a well-known pharmaceutical company in order to bring the vaccine to market. What is the biggest risk to Grey Stone?

  • A. Uninformed stakeholders
  • B. Increased Costs
  • C. Low quality product
  • D. Intellectual Property Rights

Answer: D

Explanation:
The correct answer is 'Intellectual Property Rights'. Grey Stone will need to share its idea for the vaccine with the pharmaceutical company and this is risky if there is no trust between the parties. See p.134 for more information on Risks of Partnerships.


NEW QUESTION # 213
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