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Free CIPS L4M6 Practice Exam with Questions & Answers | Set: 8

Questions 71

A partnership approach to a buyer-supplier relationship, as opposed to a traditional adversarial approach, would have which of the following characteristics?

Options:
A.

Greater levels of transparency

B.

Increased supplier contractual terms

C.

Specifications designed by the buyer

D.

Shared cost benefits

CIPS L4M6 Premium Access
Questions 72

What is value mapping?

Options:
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

Exam Code: L4M6
Certification Provider: CIPS
Exam Name: Supplier Relationships
Last Update: Nov 5, 2025
Questions: 243

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