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Outstanding L4M6 Exam Brain Dumps: CIPS Supplier Relationships supply you high-quality Practice Materials - VerifiedDumps

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CIPS L4M6 or CIPS Supplier Relationships Certification Exam is designed for procurement professionals who are responsible for managing supplier relationships. CIPS, which stands for Chartered Institute of Procurement and Supply, is a globally recognized professional body that offers certification exams to individuals who want to enhance their skills and knowledge in procurement and supply chain management. The CIPS L4M6 exam is one of the certification exams offered by CIPS and is targeted towards procurement professionals who want to develop their understanding and skills in managing supplier relationships.

CIPS L4M6 Exam is an essential step for procurement professionals seeking to boost their career prospects. It covers the critical topic of supplier relationships and their management, which is essential for any organization that wants to achieve success in procurement. L4M6 exam is highly valued by employers and provides candidates with a competitive edge in the job market.

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CIPS L4M6 Reliable Exam Papers | Reliable L4M6 Test Question

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CIPS L4M6 certification exam is ideal for professionals who want to specialize in supplier relationship management. CIPS Supplier Relationships certification covers a wide range of topics, including the development of supplier relationships, supplier performance management, and negotiation skills. L4M6 Exam is recognized globally, and certified professionals are highly sought after by employers in the procurement and supply chain management industry.

CIPS Supplier Relationships Sample Questions (Q188-Q193):

NEW QUESTION # 188
Danny is procuring a new IT software, which he doesn't know much about. He has done a bit of research on the internet but is still unsure how much he can expect to pay. What should be Danny's next step?

A. Issue an ITT
B. Issue a RFI
C. Issue a RFQ
D. Issue an OJEU

Answer: B

Explanation:
Danny should issue a RFI (Request for Information). His next step would be to find out more about the products available by asking suppliers for information- this will help him put a spec together before he goes out to tender. The other options mean; RFQ - request for quotation- when you ask suppliers to submit a price. ITT- Invitation to tender - a document you send out to suppliers which details all the information about the tender (this usually involves both price and quality components of assessment). OJEU- Official Journal of the European Union- where tenders for the Public Sector are published. For more info on RFI see p.74

NEW QUESTION # 189
In the relationship spectrum, which of the following describes the most competitive relationship?

A. Transactional
B. Single sourced
C. Outsourcing
D. Adversarial

Answer: D

Explanation:
An adversarial relationship is highly competitive, often win:lose, focusing on cost and negotiation power rather than collaboration. It contrasts with partnerships or strategic alliances.

NEW QUESTION # 190
In the public sector, there are many sources of information that a buyer can use to identify a suitable supplier.
Which of the following could be used? Select THREE

A. Procurement Platforms
B. Tradeshows
C. Internal stakeholders' knowledge
D. OJEU
E. Intranet

Answer: A,B,C

Explanation:
The correct answers are; tradeshows, internal stakeholders' knowledge and e-procurement platforms. Intranet is incorrect as this is an internal system so you wouldn't find information on external suppliers on here the careful not to confuse intranet with internet). OJEU is also incorrect; this is the platform on which tender opportunities in the public sector are published- its not a list of suppliers.

NEW QUESTION # 191
In the 1990s, a manufacturer of portable music players partnered with a mini-disk producer. The aim of the partnership was to reduce the size and cost of the devices and enhance flexibility. Sales of the product after launch were low due to a competitive launch of small digital players, which offered better flexibility to customers at a comparable price. The partners suffered substantial loss and never recovered the investment. In order to mitigate the risk described, what should both partners have considered before investing in the product? Select the TWO that apply.

A. Legal implication of partnering
B. Cost of investment
C. New substitute technology
D. Customer price expectation
E. Fast charging markers

Answer: C,D

Explanation:
Understanding customer price expectations and the potential for substitute technology are critical in product development to anticipate market trends and competitive threats, aligning with risk management principles.

NEW QUESTION # 192
An IT company is developing and launching a new product to the market. The project requires experts from different divisions of the business. What type of team should run this project?

A. Finance team
B. Existing performing team
C. Cross-organisational team
D. Virtual team

Answer: C

Explanation:
Across-organisational teambrings together specialists from various departments-such as R&D, marketing, finance, and production-to collaborate on complex projects. This team structure enables diverse perspectives, innovative solutions, and efficient decision-making, which are crucial when developing and launching new products. The CIPS L4M6 guide emphasizes the importance of integrated teamwork in achieving strategic outcomes in procurement and supply chain projects.

NEW QUESTION # 193
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