NEW NEW L4M6 REAL EXAM | HIGH-QUALITY L4M6: CIPS SUPPLIER RELATIONSHIPS 100% PASS

New New L4M6 Real Exam | High-quality L4M6: CIPS Supplier Relationships 100% Pass

New New L4M6 Real Exam | High-quality L4M6: CIPS Supplier Relationships 100% Pass

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Tags: New L4M6 Real Exam, Valid L4M6 Exam Vce, Brain Dump L4M6 Free, Braindump L4M6 Pdf, L4M6 Top Exam Dumps

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100% Pass CIPS - L4M6 - Newest New CIPS Supplier Relationships Real Exam

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CIPS L4M6 Certification Exam covers a range of topics related to supplier relationship management, including the importance of effective communication, negotiation skills, how to manage risk, and how to build strong relationships with suppliers. L4M6 exam is structured as a multiple-choice test that is designed to test the candidate's knowledge and understanding of these topics. Candidates are also required to complete a case study that tests their ability to apply their knowledge and skills to real-world scenarios.

CIPS Supplier Relationships Sample Questions (Q45-Q50):

NEW QUESTION # 45
A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyze its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. Which of the following STEEPLED factors is most likely to have the greatest effect?

  • A. Sociocultural
  • B. Technological
  • C. Ethical
  • D. Economic

Answer: B

Explanation:
Technological factors play a pivotal role in IT equipment supply chains. Advancements, obsolescence, and innovation significantly affect production, cost, and competitiveness, making it a primary focus in supply chain development.


NEW QUESTION # 46
Fashion buyer Kamal Sumai is working closely with a key overseas supplier and is monitoring and forecasting cost volatility within the fabric market. Kamal has decided it is the right time to raise a purchase order with his supplier for a greater quantity of fabric than he currently needs. Kamal is attempting to avoid an imminent price increase. What is this tactic known as?

  • A. Forward buying
  • B. Hedging buying
  • C. Derivative buying
  • D. Spot buying

Answer: A

Explanation:
Forward buying involves purchasing in advance to lock in current prices and avoid future increases. This strategy is effective in volatile markets where price hikes are anticipated.


NEW QUESTION # 47
Which of the following are advantages for the buyer in a partnership arrangement?
* Price stability
* Cost of relationship management
* Supplier complacency
* Cost savings achieved

  • A. 1 and 4 only
  • B. 1 and 2 only
  • C. 2 and 3 only
  • D. 2 and 4 only

Answer: A

Explanation:
Comprehensive and Detailed Explanation:
Partnership arrangements often lead to price stability, as both parties work collaboratively to manage costs and avoid market volatility. Additionally, such relationships can result in cost savings through joint process improvements, shared investments, and economies of scale. While managing a partnership does incur relationship management costs, these are typically offset by the benefits gained. Supplier complacency is a potential risk but not an inherent advantage of partnerships.
Reference:
CIPS L4M6 Study Guide


NEW QUESTION # 48
Which of the following are primary activities, according to Porter's Value Chain? Select THREE.

  • A. Human Resources
  • B. Operations
  • C. Marketing and Sales
  • D. Inbound Logistics
  • E. Procurement

Answer: B,C,D

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. Primary activities are; inbound logistics, operations, outbound logistics, marketing and sales, after sales- service


NEW QUESTION # 49
Which of the following is an advantage for the suppler of entering into a partnership with a buyer?

  • A. They may gain an increased volume of business
  • B. There is more flexibility when selling the product
  • C. They no longer have to try as hard to win business.
  • D. The Intellectual Property Rights of the buyer become yours

Answer: A

Explanation:
The correct answer is 'They may gain an increased volume of business'. The other options are just not true.
See p.130 for advantages and disadvantages of partnerships from both the buyer and supplier's perspective.
This is a hot topic for the exam.


NEW QUESTION # 50
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