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L4M6 Valid Exam Objectives & Exam L4M6 Question

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All in all, the CIPS L4M6 exam is an important certification that is highly valued in the procurement and supply chain management industry. Successful completion of L4M6 exam opens up a world of opportunities for professionals in this field, and can help them to gain recognition in their career.

CIPS L4M6 exam covers various aspects of supplier relationships, including supplier selection, negotiation, contract management, and supplier performance management. It also covers the impact of supplier relationships on the overall procurement strategy, and how it can be aligned with the organization's strategic goals. L4M6 Exam also tests the candidate's ability to evaluate supplier performance and develop strategies to improve it.

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CIPS L4M6 exam is a computer-based exam that consists of 60 multiple-choice questions. Candidates have two hours to complete the exam, and the pass mark is 60%. L4M6 exam is assessed on a scaled score system, which means that the final score is adjusted based on the difficulty level of the questions. L4M6 Exam is available at CIPS exam centers worldwide, and candidates can book their exam online through the CIPS website.

CIPS Supplier Relationships Sample Questions (Q115-Q120):

NEW QUESTION # 115
Innovation is a key consideration when entering into a partnership. Is this statement true?

A. Yes- innovation is the only reason to enter into a partnership
B. No- innovation is best achieved in a contractual relationship where KPIs can be monitored closely.
C. Yes- joint innovation projects are often a strong motivation for entering into a partnership
D. No- the key consideration when entering a partnership is cost reduction

Answer: C

Explanation:
The correct answer is 'Yes- joint innovation projects are often a strong motivation for entering into a partnership'. The other options are simply not true statements. A lot of the questions on the 'Partnerships' chapters of the book are common-sense questions like this. It involves reading the Question: and using logic, rather that relying on your knowledge of procurement. If you found this Question: easy - that's a good sign for the exam.

NEW QUESTION # 116
According to Michael Porter, what is procurement?

A. a primary activity which provides a source of competitive activity
B. a primary activity which provides value for money
C. a support activity which provides a source of competitive advantage
D. a secondary activity which provides value for money

Answer: C

Explanation:
This question refers to Porter's Value Chain (p.35). There's a couple of questions on this in the exam so try to learn it. Procurement is a 'support activity' on this matrix along with firm infrastructure, HR and technology development

NEW QUESTION # 117
Richie has come up with a new idea for sourcing items for the business but feels that it will have mixed reviews within the team. He thinks that some people will be in favour of the idea, and some will be against it.
He doesn't think the CEO will have a strong opinion either way. In order to decide whether to put a business case together and present his idea to the CEO- what should Richie do?

A. Value Engineering Analysis
B. Make vs Buy Analysis
C. Cost Analysis
D. Force Field Analysis

Answer: D

Explanation:
Richie should do a Force Field Analysis - this is explained on p.86 and is an idea of Kurt Lewin - it identifies the driving forces for a project and the restraining forces (basically who will be for it and who will be against it). The textbook doesn't go into much detail on this but there are questions on it in the exam- so have a quick google to familiarise yourself with Kurt Lewin's Force Field Analysis.

NEW QUESTION # 118
The use of technical jargon can result in what?

A. Increased price
B. Lack of trust
C. Lack of transparency
D. Misunderstanding

Answer: D

Explanation:
Using technical jargon can lead to misunderstandings if not all parties understand the jargon. See p. 158 on communication issues

NEW QUESTION # 119
Lee is a procurement manager at Real Pirates Ltd and he has a contract with Peg Leg Industries for the supply of fake, wooden legs for his team of Pirates. Real Pirates Ltd have been working with Peg Leg Industries for almost 10 years but recently Lee has discovered he will need to terminate the contract due to 'Contract Frustration'. What could be the reason for this?

A. The supplier has leaked confidential information about Real Pirates Ltd to a competitor
B. The supplier has become insolvent
C. The supplier has committed a material breach
D. An unexpected incident has occurred beyond anyone's control

Answer: D

Explanation:
The correct answer is 'An unexpected incident has occurred beyond anyone's control'. A good example of this would be the Covid-19 pandemic- neither the buyer nor supplier could have predicted this, and if this means that the contract can't be completed - then the contract can be terminated (in the UK at least). A way to avoid this would be to include a Force Majeur clause listing possible circumstances that could occur. When there's a Force Majeur clause, these eventualities are now classed as foreseen rather than unforeseen. See p.108

NEW QUESTION # 120
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