ACTUAL L4M6 TESTS - L4M6 TEST KING

Actual L4M6 Tests - L4M6 Test King

Actual L4M6 Tests - L4M6 Test King

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Tags: Actual L4M6 Tests, L4M6 Test King, Test Certification L4M6 Cost, Vce L4M6 Files, L4M6 Instant Discount

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CIPS L4M6 certification exam is ideal for professionals who want to specialize in supplier relationship management. CIPS Supplier Relationships certification covers a wide range of topics, including the development of supplier relationships, supplier performance management, and negotiation skills. L4M6 Exam is recognized globally, and certified professionals are highly sought after by employers in the procurement and supply chain management industry.

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L4M6 Test King, Test Certification L4M6 Cost

This is where your L4M6 exam prep really takes off, in the testing your knowledge and ability to quickly come up with answers in the L4M6 online tests. Using L4M6 practice exams is an excellent way to increase response time and queue certain answers to common issues. Get L4M6 ebooks from ValidVCE which contain real L4M6 exam questions and answers. You will pass your L4M6 exam on the first attempt using only ValidVCE's L4M6 excellent preparation tools and tutorials

CIPS L4M6 exam is an advanced-level exam that requires candidates to have a sound understanding of procurement and supply chain management concepts. Candidates need to possess knowledge of procurement processes, supplier selection, and contract management. They also need to have experience working in a procurement or supply chain management role. L4M6 Exam is ideal for procurement professionals who want to enhance their skills and knowledge in supplier relationship management.

CIPS Supplier Relationships Sample Questions (Q88-Q93):

NEW QUESTION # 88
Within a supplier's terms and conditions, they have a 'mutual termination for convenience' clause, which requires either party to provide 30 days' notice. Before the buyer signed the agreement, a procurement colleague recommended that the buyer should request this be amended to 90 days' notice. Was this amendment the correct thing to do?

  • A. Yes, as this will allow the buyer enough time to mobilize a new contract
  • B. No, as this will guarantee a hostile end to the buyer-supplier relationship
  • C. Yes, as the buyer will then be responsible for providing additional business to the supplier
  • D. No, as this will be in breach of statutory contract law requirements

Answer: A

Explanation:
Comprehensive and Detailed Explanation:
Extending the notice period in a mutual termination for convenience clause provides the buyer with additional time to:
* Identify and engage alternative suppliers
* Ensure continuity of supply
* Mitigate risks associated with abrupt contract termination
This proactive approach aligns with best practices in contract management, allowing for smoother transitions and minimizing potential disruptions.
Reference:
CIPS L4M6 Study Guide


NEW QUESTION # 89
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 pricing increase. What is this tactic known as?

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

Answer: A

Explanation:
Comprehensive and Detailed Explanation:
Forward buyinginvolves purchasing goods in advance of actual need, often in larger quantities, to take advantage of favorable pricing or to hedge against anticipated price increases. This strategy is commonly used in volatile markets to stabilize costs and ensure supply continuity.
Reference:
CIPS L4M6 Study Guide


NEW QUESTION # 90
Value for money is often described at the 'three Es'; economy, efficiency and effectiveness. However some people consider a 4th E which refers to the public sector. What is the fourth E?

  • A. Environment
  • B. Ethics
  • C. Equity
  • D. Equality

Answer: C

Explanation:
Equity is the fourth E- this means the extent to which the service is available. See p.65 for details on the 4 Es


NEW QUESTION # 91
A textile company is purchasing a new item which is low value. This item is likely never to be required again by the company and is widely available from many different suppliers. Which commercial relationship type would be most effective for the buyer to choose?

  • A. Closer tactical
  • B. Adversarial
  • C. Outsourcing
  • D. Partnership

Answer: B

Explanation:
Comprehensive and Detailed Explanation:
For one-off, low-value purchases that are readily available from multiple suppliers, anadversarialrelationship is often appropriate. This type of relationship is transactional, with minimal collaboration or long-term commitment. The focus is on obtaining the best price and terms for a specific purchase without investing in developing a deeper relationship.
Reference:
"Adversarial relationships are typically used for low-value, one-off purchases where there is little need for collaboration."- CIPS L4M6 Study Guide


NEW QUESTION # 92
A low-cost fashion retailer based in Europe is looking at adding value in their procurement activities. The retailer buys clothing for re-sale with a very small profit margin applied, relying on volume salesto make 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. Quality enhancement
  • B. Reduction of inventory
  • C. Improving timescales
  • D. Price management

Answer: D

Explanation:
For low-cost, high-volume business models, maintaining profitability depends on tightly controlled procurement costs. Price management is critical for ensuring competitive pricing while safeguarding slim margins. CIPS L4M6 highlights that effective cost management and price negotiation are essential in such scenarios.


NEW QUESTION # 93
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