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A steadily rising competition has been noted in the tech field. Countless candidates around the globe aspire to be CIPS Supplier Relationships in this field. Once you become CIPS certified, a whole new scope opens up to you and you are immediately hired by reputed firms. Even though the CIPS Supplier Relationships certification boosts your career options, you have to pass the L4M6 Exam.
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CIPS L4M6 exam is an internationally recognized qualification that is highly regarded by employers in the procurement and supply chain industry. The qualification is suitable for procurement professionals who are looking to advance their careers and take on more senior roles within their organizations. The CIPS L4M6 Exam is also an excellent choice for individuals who are looking to specialize in supplier relationship management and develop their expertise in this area.
CIPS Supplier Relationships Sample Questions (Q102-Q107):
NEW QUESTION # 102
When a large organization partners with a small supplier to develop new technology, it is necessary for regular communication. Is this statement true?
- A. Yes, because partnerships require regular communication to succeed in meeting mutual objectives
- B. No, because partnerships do not require regular communication during development of new technology
- C. No, because regular communication will stop a small supplier from doing their work
- D. Yes, because a small supplier must be told what to do and when, because they have fewer employees
Answer: A
Explanation:
Effective communication is essential in partnerships to ensure alignment on objectives, progress updates, and issue resolution. Regular communication builds trust and fosters collaboration, leading to successful outcomes.
NEW QUESTION # 103
Under which circumstances would a partnership sourcing approach be used?
- A. 1 and 3 only
- B. 2 and 4 only
- C. 1 and 2 only
- D. 1 and 4 only
Answer: A
Explanation:
Partnership sourcing is ideal for high-spend, high-risk situations where collaboration mitigates risks and maximizes value through innovation, efficiency, and trust.
NEW QUESTION # 104
When overcoming stakeholder resistance in a procurement-led project, which of the following groups would have the highest level of influence on other stakeholders?
- A. 3 and 4 only
- B. 1 and 2 only
- C. 2 and 3 only
- D. 1 and 4 only
Answer: D
Explanation:
Negative leaders and promoters hold the most influence. Negative leaders can sway opposition, while promoters can actively advocate for project success. Managing these stakeholders effectively is crucial in procurement projects.
NEW QUESTION # 105
ABC is a company which sources a vital component from a supplier. There are only a few suppliers in the industry and without this component, ABC would not be able to produce their final product. What type of relationship should ABC seek to develop with their supplier?
- A. transactional
- B. strategic alliance
- C. arms length
- D. outsource
Answer: B
Explanation:
As the component is vital to their business, ABC should seek a collaborative relationship with the supplier.
There are three types of collaborative relationship (co-destiny, partnership and strategic alliance). Of these only strategic-alliance is given as an option. Remember - strategic purchase = collaborative relationship with supplier. There are many questions on the Relationship Spectrum on the exam. See p.5 for more details
NEW QUESTION # 106
Which of the following is an advantage for the suppler of entering into a partnership with a buyer?
- A. They may gain an increased volume of business
- B. There is more flexibility when selling the product
- C. The Intellectual Property Rights of the buyer become yours
- D. They no longer have to try as hard to win business.
Answer: A
Explanation:
The correct answer is 'They may gain an increased volume of business'. The other options are just not true.
See p.130 for advantages and disadvantages of partnerships from both the buyer and supplier's perspective.
This is a hot topic for the exam.
NEW QUESTION # 107
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