[Mar 29, 2023] L4M6 Exam Dumps PDF Updated Dump from NewPassLeader Guaranteed Success
Pass Your CIPS Exam with L4M6 Exam Dumps
CIPS L4M6 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
NEW QUESTION 30
Value for money is often described at the 'three Es'; economy, efficiency and effectiveness. However some people consider a 4th E which refers to the public sector. What is the fourth E?
- A. Environment
- B. Equality
- C. Ethics
- D. Equity
Answer: D
Explanation:
Equity is the fourth E- this means the extent to which the service is available. See p.65 for details on the 4 Es
NEW QUESTION 31
Which of the following are considered 'wastes' which can be removed from a business? Select THREE.
- A. Inventory
- B. Transportation
- C. Stockout
- D. Equity
- E. Over-processing
Answer: A,B,E
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 32
At what stage of the relationship cycle could you use Carter's 10 Cs?
- A. qualification
- B. development and innovation
- C. segmentation and risk management
- D. on-boarding
Answer: A
Explanation:
Carter's 10 Cs are a way to qualify (aka shortlist) a supplier. See p.11 for more details on this and p.10 for the stages of the relationship cycle.
NEW QUESTION 33
In which procurement process is a PQQ not issued?
- A. Competitive Dialogue
- B. Restricted
- C. Competitive Procedure with Negotiation
- D. Open
Answer: D
Explanation:
Open Tender processes are a one-stage process which issues and ITT. It has no PQQ (selection) stage. P. 77
NEW QUESTION 34
Which of the following would not affect rivalry in a marketplace? Select TWO.
- A. switching costs
- B. exit barriers
- C. legislative changes
- D. supply chain disruption
- E. industry growth or decline
Answer: C,D
Explanation:
Legislative changes wouldn't affect rivalry in a market as all suppliers would be equally as affected, the same with supply chain disruptions. Factors which do affect rivalry include; industry growth and decline, product differences, brand identity, switching costs, diversity of competitors and exit barriers. These are listed on p.41
NEW QUESTION 35
Which of the following statements are true of a market place which is considered a 'perfect competition'? Select TWO.
- A. competition is at its highest level possible
- B. competition is not strong
- C. there are no barriers to entry
- D. suppliers are selling differentiated products
Answer: A,C
Explanation:
In a 'perfect competition' there are no barriers to entry or exit, and competition is at its highest possible level. For more information on different types of market see p.40
NEW QUESTION 36
Which of the following is a valid reason for ending a relationship with a supplier?
- A. the supplier has a new CEO who you don't like
- B. force majeur
- C. the contract has ended
- D. the supplier delivered one delivery late
Answer: C
Explanation:
CIPS state the following reasons for the end of supplier relationships; the contract comes to a natural end, the contract is re-tendered, a material breach or the supplier becomes insolvent (p.15) In this case the only valid option is 'the contract has ended'.
NEW QUESTION 37
A doctor's surgery requires a complex database system to manage all of its patients data, which is highly sensitive. The system also needs to link to other departments of the health service such as physiotherapy and intensive care. The Manager of the surgery is considering outsourcing the management of the database to an IT company. What is the Manager's main motivation for doing this?
- A. This will free-up internal resources
- B. This will result in economies of scale
- C. The supplier is an expert in their field
- D. This will result in cost-savings
Answer: C
Explanation:
The reason for outsourcing in this example is that the IT firm is an expert in their field. The requirement is complex and important and this is the reason why it is not being delivered in-house. The other answers given CAN be reasons for out-sourcing, but don't relate to this example. For a full list of reasons a company could use outsourcing see p. 4-5
NEW QUESTION 38
Which of the following are possible drivers for partnership sourcing? Select THREE.
- A. The need to improve performance to satisfy the end customer
- B. Working together will create synergies
- C. The marketplace has become more volatile
- D. The protection of intellectual property rights
Answer: A,B,C
Explanation:
To increase production costs and lead-times
Explanation:
The correct answers are; The marketplace has become more volatile, Working together will create synergies and The need to improve performance to satisfy the end customer. Further Drivers of Partnership Sourcing can be found on p.127. The other answers are incorrect as entering a partnership won't protect intellectual property rights- in fact that's one of the big risks of entering into a partnership. Partnerships won't increase costs and lead-times, they're likely to decrease them.
NEW QUESTION 39
Harry runs a hotel and has recently decided to contract an external supplier to provide the cleaning of the rooms. What is a disadvantage of doing this?
- A. There is dependency on the supplier, which increases risk
- B. The supplier will not perform as well as an internal team
- C. This will be more expensive than providing the service in house
- D. This allows staff to focus on other areas
Answer: A
Explanation:
Using an external supplier always comes with increased risk, as you become dependant upon them, and have less control over their performance (compared to an in-house team). In this example Harry will have the increased risk that the contract cleaners turn up late to their shifts, or don't do a good job. However, there is no reason to believe that the supplier will not perform as well as an internal team- we don't have enough information from the Question: for this to be true. What is true is the RISK is greater. The other answers are incorrect; the Question: doesn't indicate whether outsourcing the cleaning will be more or less expensive for Harry. Allowing staff to focus on other areas is an advantage not a disadvantage. See p.4 for more information on 'External Suppliers'
NEW QUESTION 40
What is the correct order of the stages of team development?
- A. Forming, norming, performing, storming
- B. Storming, forming, norming, performing
- C. Storming, forming, performing, norming
- D. Forming, storming, norming, performing
Answer: D
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 41
A 'synergy' within a partnership can lead to what?
- A. Poor performance
- B. Miscommunications
- C. Greater creativity
- D. Increased costs
Answer: C
Explanation:
The correct answer is 'greater creativity'. A synergy is the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts. P.160
NEW QUESTION 42
Togo Bongos is a manufacturer of percussion instruments, in particular of bongo drums. It requires electricity to run its factories and this is a major factor of cost impact. There are lots of suppliers of electricity in the market and there is no switching costs if Togo Bongos wanted to switch suppliers. What type of supplier is Togo Bongo's electricity supplier?
- A. routine
- B. bottleneck
- C. strategic
- D. leverage
Answer: D
Explanation:
This is a leverage supplier on the Kraljic Matrix; high cost impact and low risk impact. The diagram on p.20 gives the example of utility services such as electricity as a common leverage supplier. 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
NEW QUESTION 43
Which of the following are not stages of team development? Select TWO.
- A. Adjourning
- B. Forming
- C. Achieving
- D. Accepting
- E. Mourning
Answer: C,D
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 44
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. leverage
- C. bottleneck
- D. strategic
Answer: D
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 45
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. Reduction of waste
- B. Reducing costs
- C. Innovation developed as part of collaborative projects
- D. Better payment terms
Answer: A,C
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 46
Which of the following is not a stage in the relationship life-cycle?
- A. qualification
- B. design the specification
- C. performance management
- D. on-boarding
Answer: B
Explanation:
Designing the specification is not a stage in the relationship cycle- this would be done before the relationship begins. There are 6 stages of the relationship cycle; on-boarding, qualification, segmentation and risk management, performance management, development and innovation, phase out. P.13
NEW QUESTION 47
Beyond Say is a manufacturer of diamond rings. It sources a lot of different parts to create its products including diamonds, gold, cardboard boxes for the rings to go in, as well as stationary and copier paper for the offices. Although it doesn't buy many diamonds, these represent a large part of Beyond Say's spend. Which category of spend would diamonds represent?
- A. Option
- B. Option
- C. Option
- D. It isn't possible to tell
Answer: B
Explanation:
This is category 'A' spend in the ABC model - they represent a large value and a small number of purchases / suppliers. See p.17 for more information on the ABC Analysis
NEW QUESTION 48
......
New Real L4M6 Exam Dumps Questions: https://www.newpassleader.com/CIPS/L4M6-exam-preparation-materials.html
L4M6 Exam Dumps - CIPS Practice Test Questions: https://drive.google.com/open?id=1mJPmi95UQPnRGZKIrT-nmcJkEVC61xCb