Biography
CIPS L4M6 Reliable Test Guide | L4M6 Latest Test Materials
TorrentExam is constantly updated in accordance with the changing requirements of the CIPS certification. We arrange the experts to check the update every day, if there is any update about the L4M6 pdf vce, the latest information will be added into the L4M6 exam dumps, and the useless questions will be remove of it to relief the stress for preparation. Al the effort our experts have done is to ensure the high quality of the L4M6 Study Material. You will get your L4M6 certification with little time and energy by the help of out dumps.
CIPS L4M6 exam, also known as CIPS Supplier Relationships, is a globally recognized certification program designed specifically for procurement professionals who work with suppliers. CIPS Supplier Relationships certification program is ideal for those who have experience working with suppliers and want to develop their knowledge and skills to improve their supplier relationships. L4M6 Exam covers a range of topics including supplier performance management, contract management, supplier risk management, and supplier development.
>> CIPS L4M6 Reliable Test Guide <<
CIPS L4M6 Latest Test Materials | L4M6 Test Question
Though there is an L4M6 exam plan for you, but you still want to go out or travel without burden. You should take account of our PDF version of our L4M6 learning materials which can be easily printed and convenient to bring with wherever you go.On one hand, the content of our L4M6 Exam Dumps in PDF version is also the latest just as the other version. On the other hand, it is more convenient when you want to take notes on the point you have good opinion.
CIPS Supplier Relationships Sample Questions (Q120-Q125):
NEW QUESTION # 120
When is partnering a particularly suitable approach to sourcing?
- A. Large supply bases
- B. Common and repetitive items
- C. High-risk contracts
- D. Low-cost items
Answer: C
Explanation:
Comprehensive and Detailed Explanation:
Partnering is most suitable in scenarios involving high-risk contracts, where the complexity, uncertainty, or strategic importance of the procurement necessitates close collaboration between the buyer and supplier. In such cases, a partnership allows for shared risk management, joint problem-solving, and mutual investment in achieving long-term objectives. This approach is less appropriate for low-cost, low-risk, or commoditized items where transactional relationships suffice.
Reference:
CIPS L4M6 Study Guide
NEW QUESTION # 121
Which one of the following is an advantage of early supplier involvement?
- A. Understanding of supplier capabilities
- B. No need for supplier non-disclosure agreements
- C. Large investment in supplier communications
- D. Supplier is responsible for all intellectual property risks
Answer: A
Explanation:
Early supplier involvement highlights supplier strengths and capabilities, enabling collaborative development.
This supports innovation and optimizes the procurement process.
NEW QUESTION # 122
Which of the following are typical examples of partnering between companies? Select the TWO that apply.
- A. Joint venture
- B. Public limited company
- C. Limited company
- D. Strategic alliance
- E. Sole trader
Answer: A,D
Explanation:
Joint ventures and strategic alliances are examples of partnerships as they involve collaboration between entities to achieve shared objectives. Sole traders and public limited companies describe organizational structures, not partnership types.
NEW QUESTION # 123
Which of the following are examples of ways in which businesses can add value? Select THREE that apply.
- A. Creating a win-win price
- B. Reducing customer service levels
- C. Offering convenience
- D. Through delivering excellent service
- E. Product features and benefits
- F. Investing in customers
Answer: C,D,E
Explanation:
Adding value involves enhancing customer experience through excellent service, providing differentiated product features, and offering convenience. These align with procurement strategies aimed at driving customer satisfaction and loyalty.
NEW QUESTION # 124
Marcus is an account manager for a company that sells maintenance spares for air conditioning units. He has a customer who persistently pays late, is very demanding in terms of constant requests, and the profit margin on the account is minimal. If Marcus were to use a supplier preferencing model to map this customer, what category would he place them into?
- A. Core
- B. Nuisance
- C. Development
- D. Exploitable
Answer: B
Explanation:
Comprehensive and Detailed Explanation:
In the Supplier Preferencing Model, customers are categorized based on their attractiveness and value to the supplier. A "Nuisance" customer is characterized by low profitability and high maintenance, often requiring disproportionate resources relative to the benefits they provide. Such customers may be deprioritized or even considered for discontinuation by the supplier.
Reference:
CIPS L4M6 Study Guide
NEW QUESTION # 125
......
Our L4M6 exam guide have also set a series of explanation about the complicated parts certificated by the syllabus and are based on the actual situation to stimulate exam circumstance in order to provide you a high-quality and high-efficiency user experience. In addition, the L4M6 exam guide function as a time-counter, and you can set fixed time to fulfill your task, so that promote your efficiency in real test. The key strong-point of our L4M6 Test Guide is that we impart more important knowledge with fewer questions and answers, with those easily understandable L4M6 study braindumps, you will find more interests in them and experience an easy learning process.
L4M6 Latest Test Materials: https://www.torrentexam.com/L4M6-exam-latest-torrent.html
