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CIPS L4M6 exam focuses on developing the skills required to manage supplier relationships effectively. It covers topics such as identifying and selecting suppliers, developing supplier performance metrics, managing supplier contracts, and evaluating supplier performance. L4M6 exam also covers the importance of building and maintaining strong relationships with suppliers to ensure that the procurement function is able to secure the best possible value for the organization. The CIPS L4M6 exam is suitable for procurement professionals at all levels, from entry-level to senior management, who want to enhance their skills and knowledge in supplier relationship management.
CIPS L4M6 Certification Exam is suitable for procurement and supply chain professionals who are responsible for managing supplier relationships at different levels of the organization. This includes procurement managers, category managers, supply chain managers, and contract managers, among others. L4M6 exam is also suitable for those who are interested in pursuing a career in procurement and supply chain management.
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NEW QUESTION # 145
Robbie is a procurement manager at a public sector organisation. He is running a tender which is worth £2m and so will advertise this on OJEU. His manager has reminded Robbie to include CPV codes on the tender.
What purpose would this serve?
Answer: A
Explanation:
CPV codes help suppliers find opportunities they can bid for. CPV codes are a numerical classification for products e.g. Strawberry Jam is 15332296 and when they are included on a Tender, any supplier who is registered with that same CPV code will get a notification that the tender is live. CPV codes arediscussed on p.
72 but not in much detail- so don't worry if you don't know much about them. So long as you know the above, you'll be fine.
NEW QUESTION # 146
A large construction group has a critical contract with a brick supplier. This represents high-value spend, and the contract has a five-year duration. What type of commercial relationship would be the most appropriate?
Answer: D
Explanation:
Given the criticality and high value of the contract, a partnership is most suitable. This allows for long-term collaboration, mutual investment, and risk sharing to achieve strategic goals.
NEW QUESTION # 147
At what stage of the relationship cycle could you use Carter's 10 Cs?
Answer: B
Explanation:
Carter's 10 Cs are a way to qualify (aka shortlist) a supplier. See p.11 for more details on this and p.10 for the stages of the relationship cycle.
NEW QUESTION # 148
Which of the following are not a valid reasons to terminate a relationship with a supplier? Select TWO.
Answer: B,E
Explanation:
Two invalid reasons are; one late delivery and a change in senior management. Valid reasons to terminate a relationship are listed on p.107 and include the three listed here, as well as a material breach, damage to reputation and the supplier merges or is acquired by another company.
NEW QUESTION # 149
In a partnership who is responsible for decision making?
Answer: D
Explanation:
The correct answer is both the supplier and the buyer- joint decision making is a key aspect of partnership relationships. A project steering committee decides on priorities, suggests improvements, conducts audits etc.
See p.152
NEW QUESTION # 150
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