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At PracticeDump, we strive hard to offer a comprehensive CIPS Supplier Relationships (L4M6) exam questions preparation material bundle pack. The product available at PracticeDump includes CIPS L4M6 Real Dumps pdf and mock tests (desktop and web-based). Practice exams give an experience of taking the CIPS Supplier Relationships (L4M6) actual exam.
CIPS L4M6 Exam is a critical exam for any procurement professional looking to advance their career. L4M6 exam focuses on CIPS supplier relationships, which are essential for any successful procurement operation. L4M6 exam is designed for professionals looking to develop their understanding and practical skills in managing supplier relationships.
The CIPS L4M6 exam covers a variety of topics related to managing supplier relationships, including how to develop and maintain effective relationships with suppliers, how to manage supplier performance, how to negotiate contracts, and how to manage risks associated with supplier relationships. It also covers ethical considerations in supplier relationships, such as ensuring that suppliers adhere to ethical and sustainable business practices.
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CIPS Supplier Relationships Sample Questions (Q192-Q197):
NEW QUESTION # 192
Achieving value for money can often be described as the three Es? What are these?
Answer: A
Explanation:
The three Es are; Effectiveness, Efficiency and Economy. Sometimes a 4th E is added which is Equity (but this is mainly for the public sector).
NEW QUESTION # 193
A doctor's surgery requires a complex database system to manage all of its patients data, which is highly sensitive. The system also needs to link to other departments of the health service such as physiotherapy and intensive care. The Manager of the surgery is considering outsourcing the management of the database to an IT company. What is the Manager's main motivation for doing this?
Answer: D
Explanation:
The reason for outsourcing in this example is that the IT firm is an expert in their field. The requirement is complex and important and this is the reason why it is not being delivered in-house. The other answers given CAN be reasons for out-sourcing, but don't relate to this example. For a full list of reasons a company could use outsourcing see p. 4-5
NEW QUESTION # 194
Which of the following are valid strategies for dealing with conflict? Select THREE
Answer: A,B,D
Explanation:
The three right answers are competing, collaborating and compromising. See the Thomas Kilmann Model on p.87. There are quite a few questions on this in the exam.
NEW QUESTION # 195
A company has just hired a new cleaning firm to clean their offices. The specification for the clean was detailed in an appendix in the contract and included a list of pre-approved products that the cleaning firm should use. The cleaners that were sent to site had not read the contract and therefore did not use the appropriate products. What is the reason for the failure of this?
Answer: D
Explanation:
This is an example of poor-communication. The information was not passed from the person who signed the contract to the staff on site who were to do the cleaning. See p.158 on communication issues.
NEW QUESTION # 196
Philip is working with a supplier where the annual spend is low but the market risk is high. What portfolio analysis category would be appropriate?
Answer: D
Explanation:
Comprehensive and Detailed Explanation:
In the Kraljic Matrix, a 'Bottleneck' item is characterized by low financial impact but high supply risk. These items may be sourced from a limited number of suppliers or involve complex logistics, making them susceptible to supply disruptions. Managing bottleneck items requires strategies focused on risk mitigation, such as developing alternative suppliers or holding strategic stock reserves.
Reference:
CIPS L4M6 Study Guide
NEW QUESTION # 197
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