CIPS L4M6 Supplier Relationships Online Training
CIPS L4M6 Online Training
The questions for L4M6 were last updated at Apr 21,2025.
- Exam Code: L4M6
- Exam Name: Supplier Relationships
- Certification Provider: CIPS
- Latest update: Apr 21,2025
An amicable style approach to ending a buyer-supplier relationship would be most appropriate in
which of the following circumstances?
- A . 1 and 2
- B . 1 and 3
- C . 3 and 4
- D . 1 and 4
When a large organization partners with a small supplier to develop new technology, it is necessary for regular communication. Is this statement true?
- A . No, because partnerships do not require regular communication during development of new technology
- B . Yes, because partnerships require regular communication to succeed in meeting mutual objectives
- C . Yes, because a small supplier must be told what to do and when, because they have fewer employees
- D . No, because regular communication will stop a small supplier from doing their work
In the STEEPLED framework, which of the following is an economic factor?
- A . Unemployment rates
- B . Demographics
- C . Supply chain labor standards
- D . Election results
Which one of the following would constitute a succession issue when terminating a relationship?
- A . Processing penalties
- B . Deletion of old specifications
- C . Continuity of supplies
- D . Payment of old invoices
Price fluctuations can affect profitability. Is this statement correct?
- A . Yes, if the product’s costs increase and the price does not
- B . No, only decisions made by the chief executive affect the price
- C . No, price is not related to profitability
- D . Yes, as sales may drop if the product is price inelastic
Joseph works as a category manager for a large electricity supply company. His company is one of six electricity companies in the country. All have a high annual spend on the same specifications of cable. There are only five cable manufacturers capable of supplying the cables. Joseph has established all the suppliers use the same raw materials using the same types of manufacturing lines. Prices tendered by all suppliers are very similar. After paying for the cable, Joseph’s company spends an additional 25% on moving and installing the cable.
In order to enable Joseph to gain advantage over the other electricity companies, which type of supplier relationship should he adopt?
- A . Single-sourced
- B . Closer tactical
- C . Transactional
- D . Partnership
A buyer has a requirement to purchase 1,000 widgets for a manufacturing company. The widgets are critical for the next stage of the manufacturing process.
What would be the key selection criterion for this buyer?
- A . Ability to deliver by the deadline
- B . Ability to produce low-cost widgets
- C . Ability to meet ISO standards
- D . Ability to add value to the order
Under which circumstances would a partnership sourcing approach be used?
- A . 1 and 2 only
- B . 1 and 3 only
- C . 1 and 4 only
- D . 2 and 4 only
Which of the following are features of a partnership sourcing relationship compared with a traditional adversarial relationship? Select TWO that apply.
- A . Emphasis on quality with zero defects
- B . Emphasis on the lowest price
- C . Emphasis on inspection of incoming supplies
- D . Emphasis on short-term relationship
- E . Emphasis on long-term relationship
A competitor develops an alternative type of vacuum cleaner to one produced by your organization.
Is this an example of the threat of substitutes, one of the five forces of competition described by competitive forces theory?
- A . Yes, customers may switch to alternative products
- B . Yes, there are no barriers to entry; it is an oligopoly
- C . No, it does not serve the same purpose
- D . No, it is a threat from a new entrant to the market
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