Reliable L4M6 Exam Syllabus, Interactive L4M6 EBook

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CIPS L4M6 Exam is ideal for individuals who are responsible for managing supplier relationships, such as procurement managers, supply chain managers, and contract managers. It is also suitable for individuals who work in the procurement and supply chain industry and want to enhance their knowledge and skills in managing supplier relationships. L4M6 Exam is globally recognized and accredited by the Chartered Institute of Procurement and Supply (CIPS), the leading professional body for procurement and supply.

CIPS Supplier Relationships Sample Questions (Q85-Q90):

NEW QUESTION # 85
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: D

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 are discussed 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 # 86
A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyse its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. Which of the following STEEPLED factors is most likely to have the greatest effect?

Answer: D

Explanation:
In the context of the IT equipment industry,Technologicalfactors are paramount. The rapid pace of technological advancement influences product development, supply chain processes, and market competitiveness. Utilizing the STEEPLED framework, technological considerations would significantly impact the company's supply chain strategy.
As per the CIPS Intelligence Hub:
"STEEPLED analysis is a strategic planning methodology that can be used across all business functions to discover, evaluate, organise, and track external risk."
- CIPS Intelligence Hub: Using STEEPLED analysis to develop your supply chain


NEW QUESTION # 87
Can a cost leadership strategy be described as 'no frills'?

Answer: D

Explanation:
Cost leadership (Porter's generic strategy) is often referred to as a "no-frills" approach, where the organisation focuses on reducing costs and offering competitive prices across a broad scope. The aim is to become the lowest-cost producer while maintaining acceptable quality.


NEW QUESTION # 88
Which of the following factors would you use to analyse the macro-environment? Select THREE.

Answer: A,C,E

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


NEW QUESTION # 89
What is the correct order of the stages of team development?

Answer: A

Explanation:
The correct answer is Forming, storming, norming, performing (p.91). Note; some people add on two additional stages to this; mourning and adjourning. The study guide forgets to mention this, but the exam may ask you about these additional stages. So I strongly recommend doing some further reading on this (it's called the Tuckman Group Development Model)


NEW QUESTION # 90
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