VALID CIPS L4M6 EXAM CAMP | L4M6 ONLINE TRAINING MATERIALS

Valid CIPS L4M6 Exam Camp | L4M6 Online Training Materials

Valid CIPS L4M6 Exam Camp | L4M6 Online Training Materials

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Tags: Valid L4M6 Exam Camp, L4M6 Online Training Materials, Certification L4M6 Test Questions, L4M6 Exam Cram Review, L4M6 Reliable Dump

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CIPS Supplier Relationships Sample Questions (Q50-Q55):

NEW QUESTION # 50
Which of the following documents would you expect a supplier to submit as part of a Request for Proposal? Select THREE

  • A. Liquidity Ratio
  • B. Full pricing information
  • C. Risk Assessments
  • D. Method Statements
  • E. Gearing Ratio

Answer: B,C,D

Explanation:
You would expect a supplier to submit full pricing information, risk assessments and method statements. However, depending on what you're procuring, you might not need to see risk assessments or method statements. Liquidity and Gearing may be looked at during the Pre-Qualification stage, but wouldn't form part of a RFP. See p.76


NEW QUESTION # 51
According to Mendelow, there are four ways stakeholders can be managed, depending on the amount of power they have, and how interested they are in your project. What are these four categories?

  • A. Minimal effort, manage closely, keep informed, keep satisfied
  • B. Manage closely, manage loosely, keep satisfied, keep informed
  • C. Keep informed, keep happy, keep satisfied, keep notified
  • D. Keep satisfied, keep informed, minimal effort, no effort

Answer: A

Explanation:
The four categories are; Minimal effort, manage closely, keep informed, keep satisfied. You can see the Matrix on p.81. An easy way to remember this is there are 2 Ms and 2 Keeps. And these sit on opposite sides of the matrix.


NEW QUESTION # 52
Janet runs a factory which produces 1 million bread rolls every day. It requires a large amount of flour, and for this to be delivered regularly- in time with manufacturing operations. There are very few suppliers in the market place that can deliver the quality of flour Janet requires in the quantities required. Janet has just established a contract with Friendly Flour Limited - what type of supplier is Friendly Flour Limited to Janet?

  • A. routine
  • B. bottleneck
  • C. strategic
  • D. leverage

Answer: C

Explanation:
Friendly Flour Ltd is a strategic supplier; this is a critical supplier, responsible for core products. They represent a high risk impact and a high cost impact. This is the top-right hand corner of the Kraljic matrix.
There are lots of questions on Kraljic in the exam - do revise this topic and ensure you understand each of the four quadrants of the matrix (see p.20)


NEW QUESTION # 53
The executive board of a manufacturing company is requesting support from the procurement team because the company needs to improve its levels of profitability. After segmenting the overall spend by value and risk of supply, the senior buyer for the company is planning to undertake a cost modeling activity. This will be undertaken with a cross-organizational team of internal stakeholders and key strategic suppliers. What would be the buyer's initial objective from the cost modeling activity?

  • A. To understand the supplier's investment plans
  • B. To understand the supplier's pricing strategy
  • C. To understand the supplier's competitive threats
  • D. To understand the supplier's financial status

Answer: B

Explanation:
Cost modeling helps in understanding supplier pricing strategies, identifying cost drivers, and opportunities for negotiation or cost reduction, which supports profitability improvements.


NEW QUESTION # 54
Which of the following are not stages of team development? Select TWO.

  • A. Adjourning
  • B. Achieving
  • C. Forming
  • D. Mourning
  • E. Accepting

Answer: B,E

Explanation:
This question is very, very similar to a real exam Question: and is
a really mean one. The CIPS study guide describes stages of team development as forming, storming, norming and performing. Of those listed in the book only forming is listed above. What the textbook fails to tell you is that some people add on two additional stages to this model which are mourning and adjourning. I strongly recommend doing some further reading on this (it's called the Tuckman Group Development Model) as it comes up a lot in the exam and the study guide doesn't really go into enough detail.


NEW QUESTION # 55
......

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