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Curious about Actual CIPS Level 4 Diploma in Procurement and Supply (L4M6) Exam Questions?
Here are sample CIPS Supplier Relationships (L4M6) Exam questions from real exam. You can get more CIPS Level 4 Diploma in Procurement and Supply (L4M6) Exam premium practice questions at TestInsights.
Question 1
Pablo has run an open- competition to secure a new contract for a supplier of paper for his Birthday Card making company. He has received 10 submissions from various suppliers and needs to put a team together to evaluate the bids. What type of team should Pablo consider?
Correct : B
Pablo should use a 'cross-functional team'. CIPS love 'cross-functional teams' and refer to them frequently throughout the study guide. A cross-functional team is people from different departments who come together for a purpose, such as to evaluate a tender. The benefit of using a cross-functional team is that you get people with different experiences and knowledge. So in this example a Cross-Functional team could compose of people from various departments such as procurement, logistics, manufacturing and legal. P.76
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Question 2
What are service credits?
Correct : B
The correct answer is ''A mechanism for performance management where the buyer has the right to deduct money from payments owed for under performance''. A definition is provided on p.113 and states ''If a supplier fails to meet the standard set in the service credits, the buyer has the right to deduct set amounts of money from payments owed to the supplier''
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Question 3
Which of the following are Intellectual Property Rights that you would you encounter in procurement and supply contracts? Select THREE.
Correct : C, D, E
Intellectual Property Rights include; Patents, Copywrite, Trademarks and Trade Secrets. P.114
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Question 4
One of the fist stages of designing a Partnership is to come up with joint KPIs. These should be:
Correct : A
The correct answer is Measurable, achievable and time-bound. This is from SMART KPIs on p. 151. Smart stands for specific, measurable, achievable, relevant, time-bound. In the exam they come up in different orders so be careful.
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Question 5
When developing a supplier partnership, a buyer can take either a strategic or reactive approach. What would be a reason for a reactive approach?
Correct : C
The correct answer is 'Sudden changes in the marketplace' -- this is a reason a buyer would be reactive. Reactive is when something happens to you and it forces you to act in a certain way. The other options would be strategic rather than reactive. P. 163
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