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To prepare for the CIPS L4M6 certification exam, candidates are encouraged to take relevant training courses and study materials. L4M6 exam consists of multiple-choice questions that assess the candidate's understanding of the key concepts and principles of supplier relationships. L4M6 exam is challenging and requires a high level of knowledge and understanding of procurement and supply chain management concepts. Passing the CIPS L4M6 Certification Exam demonstrates that the candidate has the necessary skills and knowledge to manage supplier relationships effectively and efficiently.

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CIPS Supplier Relationships Sample Questions (Q150-Q155):

NEW QUESTION # 150
Which of the following are recognised organisational culture types? Select THREE

A. Knowledge
B. Power
C. Person
D. Team
E. Role

Answer: B,C,E

Explanation:
The correct answer is power, role and person. This is part of Hardyman's Cultural Types on p.169 (there are four- the other one is task). There's quite a few questions on this in the exam, so it's worth doing some additional research on this prior to the exam as the study guide doesn't provide much detail on this.

NEW QUESTION # 151
What is the correct order of the stages of team development?

A. Storming, forming, norming, performing
B. Forming, storming, norming, performing
C. Storming, forming, performing, norming
D. Forming, norming, performing, storming

Answer: B

Explanation:
The correct answer is Forming, storming, norming, performing (p.91). Note; some people add on two additional stages to this; mourning and adjourning. The study guide forgets to mention this, but the exam may ask you about these additional stages. So I strongly recommend doing some further reading on this (it's called the Tuckman Group Development Model)

NEW QUESTION # 152
Which of the following tender processes available to a buyer involves a Pre-Qualification Questionnaire (PQQ) to identify, assess, and create a shortlist of suppliers being invited to the Invitation to Tender (ITT) stage? Select TWO that apply.

A. Competitive Bidding Procedure
B. Two-stage Procedure
C. Restricted Procedure
D. Open Procedure
E. Mini-Competition Procedure

Answer: B,C

Explanation:
The Restricted and Two-stage procedures involve a PQQ stage to shortlist suppliers before issuing an ITT.
This approach is common for contracts requiring stringent supplier qualifications.

NEW QUESTION # 153
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. Manage closely, manage loosely, keep satisfied, keep informed
B. Minimal effort, manage closely, keep informed, keep satisfied
C. Keep informed, keep happy, keep satisfied, keep notified
D. Keep satisfied, keep informed, minimal effort, no effort

Answer: B

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 # 154
Effective cost modelling involves which of the following?
* Data gathering
* Analysis of facts
* Supplier negotiation
* Issuing a request for quotation

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

Answer: C

Explanation:
Comprehensive and Detailed Explanation:
Effective cost modelling is a process that helps in understanding the cost structure of a product or service. It involves:
* Data gathering:Collecting relevant data related to materials, labor, overheads, and other cost drivers.
* Analysis of facts:Evaluating the collected data to understand cost behaviors and identify areas for cost reduction.
Supplier negotiation and issuing a request for quotation are subsequent steps that may utilize the insights gained from cost modelling but are not part of the modelling process itself.
Reference:
CIPS L4M6 Study Guide

NEW QUESTION # 155
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