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CIPS L4M6 exam covers a wide range of topics, including supplier segmentation, supplier performance management, supplier development, and relationship management strategies. Candidates are expected to understand the importance of effective supplier relationship management and the impact it has on the procurement function. They should be able to identify the key factors that influence supplier relationships and develop techniques to manage them effectively. L4M6 exam also evaluates the candidate's ability to analyze supplier data, develop supplier performance metrics, and implement supplier improvement plans. Successful completion of the CIPS L4M6 exam is a testament to a candidate's expertise in supplier relationship management and can enhance their career prospects in the procurement field.

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 L4M6 Certification Exam is an excellent opportunity for procurement and supply chain professionals to enhance their knowledge and skills in managing supplier relationships. It is a globally recognized certification that can boost their career prospects and help them stand out in a competitive job market. By passing L4M6 Exam, candidates can demonstrate their expertise in supplier relationship management and their commitment to professional development.

CIPS Supplier Relationships Sample Questions (Q57-Q62):

NEW QUESTION # 57
What is collaborative inertia?

A. Where a third party is invited to join a partnership.
B. the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts
C. A situation when the apparent output from collaboration is considerably less than expected
D. When a partnership is unable to create new ideas

Answer: C

Explanation:
The correct answer is 'A situation when the apparent output from collaboration is considerably less than expected'. This is verbatim the definition given in the study guide on p.166 A synergy is the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts.

NEW QUESTION # 58
Harry runs a hotel and has recently decided to contract an external supplier to provide the cleaning of the rooms. What is a disadvantage of doing this?

A. The supplier will not perform as well as an internal team
B. This will be more expensive than providing the service in house
C. There is dependency on the supplier, which increases risk
D. This allows staff to focus on other areas

Answer: C

Explanation:
Using an external supplier always comes with increased risk, as you become dependant upon them, and have less control over their performance (compared to an in-house team). In this example Harry will have the increased risk that the contract cleaners turn up late to their shifts, or don't do a good job. However, there is no reason to believe that the supplier will not perform as well as an internal team- we don't have enough information from the Question: for this to be true. What is true is the RISK is greater. The other answers are incorrect; the Question: doesn't indicate whether outsourcing the cleaning will be more or less expensive for Harry. Allowing staff to focus on other areas is an advantage not a disadvantage. See p.4 for more information on 'External Suppliers'

NEW QUESTION # 59
Which of the following is not a stage in the relationship life-cycle?

A. performance management
B. qualification
C. design the specification
D. on-boarding

Answer: C

NEW QUESTION # 60
The use of technical jargon can result in what?

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

Answer: C

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

NEW QUESTION # 61
Matt Blanche is the manager of a procurement team. Two high-performing individuals in the team have regular conflicts between them. Which of the following resolutions would be appropriate to resolve the conflict? Select all that apply.

A. Set up individual meetings with the staff members to see if the issues are personal or work-related
B. Move one of the staff members to another team
C. Set up a meeting with the individuals and set mutual targets for both of them
D. Avoid the issues and let the staff members resolve their differences themselves

Answer: A,C

Explanation:
Comprehensive and Detailed Explanation:
Effective conflict resolution involves:
* Individual Meetings:Understanding the root cause of the conflict by discussing with each individual separately to determine if issues are personal or work-related.
* Joint Meetings with Mutual Targets:Bringing the individuals together to set mutual goals can foster collaboration and reduce friction.
Avoiding the issue (Option D) or moving a team member (Option C) are not proactive solutions and may not address the underlying problem.
Reference:
"5 Conflict Resolution Tips to Restore Team Harmony"-Procurious: Conflict Resolution Tips

NEW QUESTION # 62
......

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CIPS Supplier Relationships Sample Questions (Q57-Q62):

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