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L4M6 Latest Test Simulator - L4M6 Real Exam Answers

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CIPS L4M6 (CIPS Supplier Relationships) Certification Exam is a highly respected qualification that provides procurement professionals with the skills and knowledge needed to manage strategic supplier relationships effectively. L4M6 exam covers a wide range of topics and is suitable for procurement professionals at all levels of experience. By obtaining this certification, procurement professionals can demonstrate their commitment to professional development and enhance their career prospects.

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CIPS Supplier Relationships Sample Questions (Q71-Q76):

NEW QUESTION # 71
A law firm is ending an agreement with a client they have represented for many years. What is the most important legal consideration to be taken before terminating?

A. Employee rights
B. Security
C. Finance
D. Confidentiality

Answer: D

Explanation:
Confidentiality is critical in professional relationships, especially for law firms, as they handle sensitive client information. Ensuring that all legal obligations to protect this information are met aligns with ethical and legal best practices.

NEW QUESTION # 72
What is a disadvantage of including qualitative KPIs into a contract?

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

Answer: C

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

NEW QUESTION # 73
Which one of the following is an advantage of early supplier involvement?

A. Large investment in supplier communications
B. Supplier is responsible for all intellectual property risks
C. No need for supplier non-disclosure agreements
D. Understanding of supplier capabilities

Answer: D

Explanation:
Early supplier involvement highlights supplier strengths and capabilities, enabling collaborative development.
This supports innovation and optimizes the procurement process.

NEW QUESTION # 74
Joseph works as a category manager for a large electricity supply company. His company is one of six electricity companies in the country. All have a high annual spend on the same specifications of cable. There are only five cable manufacturers capable of supplying the cables. Joseph has established all the suppliers use the same raw materials using the same types of manufacturing lines. Prices tendered by all suppliers are very similar. After paying for the cable, Joseph's company spends an additional 25% on moving and installing the cable. In order to enable Joseph to gain advantage over the other electricity companies, which type of supplier relationship should he adopt?

A. Partnership
B. Single-sourced
C. Closer tactical
D. Transactional

Answer: A

Explanation:
A partnership relationship allows Joseph to collaborate with suppliers on cost savings in manufacturing, logistics, and installation, providing a competitive edge over rival companies.

NEW QUESTION # 75
Barry is a procurement manager at Sea Biscuits, a company which manufactures biscuits in the shape of dolphins and starfish. He works in an office that orders stationary regularly for its 100 person workforce.
Stationary is a low-spend category item and Barry often orders stationary from different suppliers based on which supplier can provide the item the cheapest at that point in time. According to the Kraljic matrix, what type of suppliers provides stationary to Barry?

A. routine
B. leverage
C. Bottleneck
D. strategic

Answer: A

Explanation:
Stationary is a routine item; it is ordered often (as Barry uses different suppliers), it is a low category spend, and low risk to the business' operations (a late delivery of pens isn't going to stop the company making its biscuits). There are lots of questions on Kraljic in the exam - do revise this topic and ensure you understand each of the four quadrants of the matrix (see p.20)

NEW QUESTION # 76
......

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2026 Latest PDFTorrent L4M6 PDF Dumps and L4M6 Exam Engine Free Share: https://drive.google.com/open?id=17YbJm8sNKAo_1ymF8tUvCtnr-LWZH4A1

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