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Pass Guaranteed CIPS - Valid L4M6 - New CIPS Supplier Relationships Exam Labs

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CIPS L4M6 Certification Exam is a highly sought-after qualification for anyone looking to excel in procurement and supply chain management. CIPS Supplier Relationships certification is designed to provide learners with the knowledge and skills required to effectively manage supplier relationships, which is a crucial aspect of procurement management.

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Free PDF Quiz 2025 CIPS L4M6: CIPS Supplier Relationships Newest New Exam Labs

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CIPS Supplier Relationships Sample Questions (Q92-Q97):

NEW QUESTION # 92
What is a disadvantage of including qualitative KPIs into a contract?

A. They are hard to measure
B. They make the buyer seem weak
C. They can lead to poor supplier performance
D. They pull focus from the more important quantitative KPIs

Answer: A

Explanation:
The correct answer is 'They are hard to measure' p.103

NEW QUESTION # 93
David is sourcing a new cleaning contract as he is not impressed with his current cleaning company's performance. He believes that his current supplier has been overcharging him, and due to budget cuts, he is keen to secure a lower price than what he is paying now. His Manager has suggested using an e-auction as the procurement method. Is this the correct way forward?

A. Yes- an e-auction will allow David to secure the lowest possible price
B. Yes- an e-auction is an electronic system so it will be easy for David to compare bids
C. No- a reverse e-auction would be more suitable as it will secure the lowest price
D. No- a reverse e-auction will ensure only high quality suppliers bid for the opportunity

Answer: C

Explanation:
The correct answer is 'No- a reverse e-auction would be more suitable as it will secure the lowest price'. An E-auction is something like eBay- where bids go up in price. If David wants to secure a lower price, he should use a Reverse E-Auction- where suppliers bid lower than the previous bid in order to win. For example, Supplier 1 offers to fulfil the contract at £50k per year, Supplier 2 can offer to beat this price by bidding £48k per year. Although Reverse E-Auctions may ensure cheaper prices, there are a lot of disadvantages to using this method. See p.21 and p.76 for more information

NEW QUESTION # 94
What is the correct order for the 5 stages of team development?

A. Forming, storming, norming, performing, adjourning
B. Norming, adjourning, storming, performing, forming
C. Storming, norming, adjourning, performing, forming
D. Forming, storming, performing, adjourning, norming

Answer: A

Explanation:
Comprehensive and Detailed Explanation:
Bruce Tuckman's model of team development outlines five stages:
* Forming- Team members get acquainted and establish ground rules.
* Storming- Members begin to communicate their feelings but still view themselves as individuals rather than part of the team.
* Norming- People feel part of the team and realize that they can achieve work if they accept other viewpoints.
* Performing- The team works in an open and trusting atmosphere where flexibility is the key and hierarchy is of little importance.
* Adjourning- The team conducts an assessment of the year and implements a plan for transitioning roles and recognizing members' contributions.
Reference:
CIPS L4M6 Study Guide

NEW QUESTION # 95
The Pareto Principle is sometimes also known as what?

A. ABC Analysis
B. Cost Engineering
C. Five Forces
D. JIT

Answer: A

Explanation:
Pareto is the 80:20 rule- this can be adapted to talk about supplier relationships, where instead of having 2 categories there are now 3 (A B and C). CIPS use the terms Pareto and ABC interchangeably. See p.16 for further information

NEW QUESTION # 96
Hungry Sandwich Co. produces over 5,000 freshly made sandwiches on-site every day. The main ingredient that Hungry Sandwich Co. buys is bread. It is the item they spend the most money on, and they have a long- term partnership agreement with a local bakery to manufacture and supply fresh bread every morning. Using a supplier positioning matrix, which is the appropriate category for bread for Hungry Sandwich Co.?

A. Abundant
B. Bottleneck
C. Non-critical
D. Strategic

Answer: D

Explanation:
Bread is a strategic item due to its high spend and critical role in daily operations. A partnership approach ensures consistent quality and reliability, aligning with strategic supplier management principles.

NEW QUESTION # 97
......

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