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The Chartered Institute of Procurement and Supply (CIPS) is a globally recognized professional body for procurement and supply chain management. The CIPS L4M6 exam, also known as the CIPS Supplier Relationships module, is a key component of the CIPS Level 4 Diploma in Procurement and Supply. This module is designed to equip procurement professionals with the necessary skills and knowledge to effectively manage supplier relationships and drive value for their organizations.

Passing the CIPS L4M6 exam is essential for any procurement professional who wants to advance their career. It demonstrates to employers and clients that the candidate has the knowledge and skills necessary to manage supplier relationships successfully. It also provides a solid foundation for further professional development in the procurement field.

CIPS L4M6 is an important exam that focuses on the area of supplier relationships. L4M6 exam is designed for people who are working in procurement and supply chain management, and wish to gain a deeper understanding of how to manage supplier relationships effectively. L4M6 exam is also for those who wish to obtain a CIPS Level 4 Diploma in Procurement and Supply.

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Latest L4M6 Training - Pass Guaranteed Quiz 2025 First-grade L4M6: Exam CIPS Supplier Relationships Tips

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CIPS Supplier Relationships Sample Questions (Q152-Q157):

NEW QUESTION # 152
A common reason attributed to many partnerships failing is ...

A. A bad advertising campaign
B. No contract being in place
C. Poor communication
D. Not winning every contract they bid for

Answer: C

Explanation:
Poor communication leads to misunderstandings, unmet expectations, and conflict, undermining partnerships.
CIPS stresses the importance of transparent and regular communication to ensure alignment and success.

NEW QUESTION # 153
A partnership relationship in portfolio analysis is appropriate for which category of procurement?

A. Strategic critical
B. Tactical profit
C. Strategic security
D. Tactical acquisition

Answer: A

Explanation:
Partnership relationships are typically used for strategic critical items where the product is essential to operations, and the supplier's input significantly impacts success. These relationships are nurtured through mutual trust and collaboration to mitigate supply risk and ensure long-term value.

NEW QUESTION # 154
Which of the following documents would you expect a supplier to submit as part of a Request for Proposal? Select THREE

A. Gearing Ratio
B. Liquidity Ratio
C. Method Statements
D. Full pricing information
E. Risk Assessments

Answer: C,D,E

Explanation:
You would expect a supplier to submit full pricing information, risk assessments and method statements. However, depending on what you're procuring, you might not need to see risk assessments or method statements. Liquidity and Gearing may be looked at during the Pre-Qualification stage, but wouldn't form part of a RFP. See p.76

NEW QUESTION # 155
What is the correct order for the 5 stages of team development?

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

Answer: D

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 # 156
A competitive advantage can be gained by doing what?

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

Answer: B

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 # 157
......

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Get CIPS L4M6 Dumps for Amazing Results in CIPS Exam

Latest L4M6 Training - Pass Guaranteed Quiz 2025 First-grade L4M6: Exam CIPS Supplier Relationships Tips

CIPS Supplier Relationships Sample Questions (Q152-Q157):

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