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L4M6 Exam Guide - Latest L4M6 Test Format

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To take the CIPS L4M6 Certification Exam, candidates must have completed the CIPS Level 4 Diploma in Procurement and Supply or have an equivalent qualification. L4M6 exam is computer-based and consists of 60 multiple-choice questions which must be completed in two hours. The questions are designed to test the candidate's understanding of the key concepts and principles of supplier relationship management.

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Latest L4M6 Test Format - Examcollection L4M6 Questions Answers

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CIPS Supplier Relationships Sample Questions (Q149-Q154):

NEW QUESTION # 149
A 'synergy' within a partnership can lead to what?

A. Poor performance
B. Increased costs
C. Greater creativity
D. Miscommunications

Answer: C

Explanation:
The correct answer is 'greater creativity'. A synergy is the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts. P.160

NEW QUESTION # 150
A textile company is purchasing a new item which is low value. This item is likely never to be required again by the company and is widely available from many different suppliers. Which commercial relationship type would be most effective for the buyer to choose?

A. Outsourcing
B. Closer tactical
C. Adversarial
D. Partnership

Answer: C

Explanation:
For low-value, non-recurring items with many suppliers, an adversarial relationship focusing on competitive pricing and minimal engagement is most appropriate. Partnerships are unnecessary for such transactions.

NEW QUESTION # 151
A competitive advantage can be gained by doing what?

A. Completing formal tenders for all buying requirements
B. Engaging in market research
C. Increasing your prices
D. Building better relationships with primary stakeholders

Answer: D

Explanation:
The correct answer is 'Building better relationships with primary stakeholders'. This is a direct quote from the start of chapter 2.2: 'building better relationships with primary stakeholders such as employees, customers, suppliers and communities could lead to increased shareholder wealth by developing a competitive advantage'. The other three options wouldn't give you a competitive advantage; increasing prices would do the opposite, engaging in market research won't give you a competitive advantage unless you do something with that research such as implement a change to your business, and completing formal tenders for everything would be a waste of time and resources- there's no need to tender for low value, low risk items. See p.80

NEW QUESTION # 152
What is collaborative inertia?

A. the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts
B. When a partnership is unable to create new ideas
C. A situation when the apparent output from collaboration is considerably less than expected
D. Where a third party is invited to join a partnership.

Answer: C

Explanation:
The correct answer is 'A situation when the apparent output from collaboration is considerably less than expected'. This is verbatim the definition given in the study guide on p.166 A synergy is the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts.

NEW QUESTION # 153
The Queen Victoria is a traditional British pub which serves a range of alcoholic beverages. It has a partnership relationship with a local brewery which supplies several types of beer and cider. Logistics is a key concern for the Queen Victoria as deliveries must be made when there is room in the cellar to store the barrels of beer and cider. In what ways could the logistics risk be reduced?

A. Using several suppliers instead of one
B. Batch ordering
C. Sharing up-to-date information
D. Issuing POs electronically.

Answer: C

Explanation:
The logistics risk can be reduced by 'Sharing up-to-date information'. If the Pub tells the supplier when it's running low, they can then time the deliveries more accurately.
P. 136. A lot of the questions on the
'Partnerships' chapters of the book are common-sense questions like this. It involves reading thequestion and using logic, rather than relying on your knowledge of procurement. If you found this question easy - that's a good sign for the exam.

NEW QUESTION # 154
......

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