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CIPS L4M6 Practice Q&A's

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CIPS L4M6 Exam Overview:

Certification Vendor:CIPS
Exam Name:Supplier Relationships
Exam Number:L4M6
Exam Price:N/A (included in course fees)
Available Languages:English
Certificate Validity Period:N/A (exam module within diploma)
Exam Duration:90 minutes
Exam Format:Multiple choice
Related Certifications:CIPS Level 4 Diploma in Procurement and Supply
Passing Score:50
Real Exam Qty:50
Sample Questions: DOWNLOAD DEMO
Exam Way:Online proctored or paper-based (depending on exam centre)
Pre Condition:No formal prerequisites, but recommended to complete L4M1-L4M5 or have equivalent procurement experience
Official Syllabus URL:https://www.cips.org/

CIPS L4M6 Exam Syllabus Topics:

SectionObjectives
Supplier Risk and Resilience- Risk mitigation strategies
- Business continuity planning
- Risk identification and assessment
- Supplier vulnerability analysis
Supplier Segmentation and Categorisation- Kraljic matrix and portfolio analysis
- Strategic, tactical, and transactional suppliers
- Supplier classification criteria
Supply Chain Context- Stakeholder relationships in procurement
- Understanding the supply chain environment
- Supplier market analysis
Managing Supplier Performance- Key Performance Indicators (KPIs)
- Scorecards and supplier audits
- Continuous improvement processes
- Performance measurement tools and techniques
Ending and Reconfiguring Supplier Relationships- Supplier base rationalisation
- Exit strategies and transition planning
- Managing relationship dissolution professionally
- Contract termination processes
Developing Supplier Relationships- Partnership models and collaboration approaches
- Trust and commitment in supplier partnerships
- Relationship lifecycle stages
- Supplier relationship management (SRM) frameworks

Studying for L4M6 Without Paper and Without Borders

Roughly 50 questions in 90 minutes minutes. Timed sessions with 265 practice questions for the L4M6 exam at Prep4King teach you to spend those minutes wisely.
The official CIPS Supplier Relationships outline distributes its emphasis like this:
  • Supplier Risk and Resilience ()
  • Ending and Reconfiguring Supplier Relationships ()
  • Supplier Segmentation and Categorisation ()
Anchor your plan on the heaviest domains and verify each one with the Prep4King bank.
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You need 50 to pass, and the fee is N/A (included in course fees) per attempt. Solid preparation with verified Prep4King material protects that investment far better than a last-minute gamble.
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No formal prerequisites, but recommended to complete L4M1-L4M5 or have equivalent procurement experience

CIPS Supplier Relationships Sample Questions:

Question #1

Which of the following macro-environmental factors can affect supply chains?

  • A. social, economic and cost
  • B. environmental, ergonomic and social
  • C. environmental, ethical and cost
  • D. political, economic and social
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

A manufacturing company which produces showers struggles to get hold of a certain part called a mixer valve. It is impossible to make the showers without the mixer-valve and there is only one supplier in the market that produces them. The good news is they aren't very expensive to buy. What type of supplier is the supplier of mixer valves?

  • A. strategic
  • B. leverage
  • C. routine
  • D. bottleneck
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

When using competitive forces theory, suppliers are powerful in which of the following situations? Select THREE that apply.

  • A. There are few substitute products
  • B. The product is undifferentiated
  • C. The volume purchased is not important
  • D. The switching costs are high
  • E. There is potential for backward integration
  • F. The product is highly differentiated
Reveal Solution  Discussion  0

Correct Answer: A,D,F  🗳️

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Question #4

Value for money in the private sector is concerned with what?

  • A. Getting the best quality possible
  • B. Shareholder profit and business benefit
  • C. Ensuring taxpayers' money is spent wisely
  • D. Getting the best price possible
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

A low-cost fashion retailer based in Europe is looking at adding value in their procurement activities. The retailer buys clothing for resale with a very small profit margin applied, relying on volume sales to make a profit. Which of the following added-value approaches will be the most critical for the procurement team of the retailer to focus on with their supply chain?

  • A. Improving timescales
  • B. Quality enhancement
  • C. Price management
  • D. Reduction of inventory
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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