Free L4M6 Exam Questions - Easiest Way for Success

Prepare for the CIPS L4M6 exam questions with our authentic preparation materials, including free L4M6 practice exam questions and answers. TheExamsLab provides all the support you need to succeed in the Supplier Relationships L4M6 exam. This dedication to student success is why we have the most satisfied L4M6 certification exam candidates worldwide.

Page: 1 / 77

Total 383 Questions | Updated On: Sep 14, 2024

Add To Cart

Question 1

CW Ltd is looking for a new supplier for its facilities management contract. The procurement department opens a tendering process and send the ITTs to several suppliers. Three suppliers submit their bids with detailed quotations and their quality accreditations. The procurement department realises that there are slight differences in the prices that these suppliers offer. Which of the following should be considered by CW procurement team to ensure that the best supplier is selected?

A : KPI development

B : Performance management

C : Value engineering

D : Value for money

Answer: D

Question 2

Which of the following behaviours are you likely to see in a Partnership relationship?

A : Opportunistic behaviour and strong levels of trust

B : Strong levels of trust and honest communication

C : Honest communication and opportunistic behaviour

D : Secrecy and honest communication

Answer: B

Question 3

Partnership relationships are long-term relationships without a defined end period. Is this statement TRUE?

A : No- partnerships should have end dates so both parties have a way out if things don't work out

B : No- partnerships have end dates as they are contractual relationships

C : Yes-partnerships do not have end dates because they involve significant investment

D : Yes- partnerships do not have end dates because there is never a contract involved

Answer: C

Question 4

A procurement team is classifying purchase products and services by using Kraljic model. To position the items on the correct quadrant, they have to assess the supply risks associated with each group of items. In order for the procurement team to assess the level of risk, which of the following should be considered? Select TWO that apply.

A : Position

B : Impact

C : Probability

D : Guarantee

E : Elimination

Answer: B,C

Question 5

Delivery lead time has been becoming a headache for procurement team at Hanan Ltd. While its customer is demanding on high product availability, the suppliers have difficulties in meeting the lead time target. How can procurement team shorten the lead time?

A : Order more products in advance and store them in a warehouse.

B : Communicate with the suppliers and agree on lead time of 1 hour.

C : Cancel the orders that are delayed and ask for a refund from the suppliers.

D : Ignore the customer complaints and focus on the quality of the products.

Answer: A

Page: 1 / 77

Total 383 Questions | Updated On: Sep 14, 2024

Add To Cart