Practice L4M6 Exam Online

Question 1

What is value mapping?

A : Analysing the costs that go into making a product

B : Creating value through the elimination of waste and operational inefficiencies

C : Segmenting suppliers based on the value they bring to the company

D : Make vs Buy decision

Answer: B

Question 2

Which of the following are costs of poor quality?

1. Prevention costs

2. External failure costs

3. Appraisal costs

4. Internal failure costs

A : 1 and 4 only

B : 3 and 4 only

C : 2 and 3 only

D : 1 and 2 only

Answer: B

Question 3

Partnership should be formed with limited number of suppliers. Which of the following is the tool that assists a buyer in identifying suitable suppliers for developing a partnership relationship?1. Whole life costing (WLC)2. Kraljic's matrix3. RAQSCI model4. Supplier preferencing model

A : 1 and 2 only

B : 2 and 3 only

C : 1 and 4 only

D : 2 and 4 only

Answer: D

Question 4

Which of the following is the basic tool for analysing the sources of competitive advantage?

A : Value judgement

B : The value chain

C : The value-added benefit

D : Value for money

Answer: B

Question 5

Which of the following are priority action to be done by both buyer and supplier to ensure that they commit to total quality management (TQM) over the life time of the partnership? Select TWO that apply

A : Practice competitive tendering process

B : Develop formal review process

C : Only use quantitative KPIs to ensure the measurement accuracy

D : Impose penalty clause on supplier-s poor performance immediately

E : Jointly develop KPIs with supplier

Answer: A,B

Name:	Supplier Relationships
Exam Code:	L4M6
Certification:	CIPS Certification
Vendor:	CIPS
Total Questions:	524
Last Updated:	Oct 01, 2026

CIPS L4M6 Answers