L4M6 Exam Questions in PDF Format

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Passing the CIPS L4M6 Certification Exam demonstrates that the candidate has a solid understanding of supplier relationship management and is capable of managing supplier relationships effectively. This certification is recognized globally and is highly valued by employers in the procurement and supply chain industry. Candidates who pass the exam are awarded the CIPS L4M6 Certificate in Supplier Relationships, which is a testament to their commitment to professional development and expertise in procurement and supply chain management.

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CIPS Supplier Relationships Sample Questions (Q34-Q39):

NEW QUESTION # 34
The Pareto Principle is sometimes also known as what?

A. ABC Analysis
B. Five Forces
C. Cost Engineering
D. JIT

Answer: A

Explanation:
Pareto is the 80:20 rule- this can be adapted to talk about supplier relationships, where instead of having 2 categories there are now 3 (A B and C). CIPS use the terms Pareto and ABC interchangeably. See p.16 for further information

NEW QUESTION # 35
Rachel and Jacky work in the procurement department of Foddy Foods Ltd. They have been told by their CEO to build better relationships with strategic suppliers as this will create value for money for the company. In what ways can value for money be achieved by building strong relationships with suppliers? Select TWO.

A. Innovation developed as part of collaborative projects
B. Reduction of waste
C. Better payment terms
D. Reducing costs

Answer: A,B

Explanation:
Supplier relationships can result in value for money in the reduction of waste and in innovation developed as part of collaborative projects. Remember that in CIPS waste doesn't necessarily mean physical waste (as in stuff you don't want any more). There are 7 types of waste including waiting, inventory, transportation etc. So when you develop a relationship with a supplier, this can reduce waste (e.g. you may be able to get deliveries quicker by integrating your ordering system with the supplier's, or you might reduce transportation by agreeing a Consignment stock). Having a good relationship with a supplier isn't necessarily going to get you a reduction in cost or better payment terms. See p.70 for more details on this- there's a short list of ways in which good supplier relationships can bring value for money to a business.

NEW QUESTION # 36
Which of the following would you use to qualify new suppliers? Select THREE.

A. collection
B. commitment
C. call
D. cost
E. clean

Answer: B,D,E

Explanation:
This is based on a real exam question- it's looking to see if you can remember Carter's 10 Cs. These are; cash, cost, consistency, culture, clean, communication, competency, capacity, commitment and control. (p.12 in the text book)

NEW QUESTION # 37
'tail spend' is a common category used in procurement and describes a category of items. What characteristics do theses items have?

A. Low value, low volume
B. High value, low volume
C. High value, high volume
D. Low value, high volume

Answer: D

Explanation:
Tail spend items are low value, high volume. P. 132

NEW QUESTION # 38
Which of the following are considered 'wastes' which can be removed from a business? Select THREE.

A. Inventory
B. Transportation
C. Equity
D. Over-processing
E. Stockout

Answer: A,B,D

Explanation:
The seven wastes (as defined by Taiichi Ohno) can be remembered as Tim Wood; transportation, inventory, motion, waiting, over-processing, over-production, defects. Some people add an S onto the end of Tim Wood to make Tim Woods (the s is for skills). In some modules of CIPS, they refer to 8 wastes and include skills, but in M6 they've only put the 7 on p.70.

NEW QUESTION # 39
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