Get All Supplier Relationships Exam Questions with Validated Answers
Vendor:
CIPS
Exam Code:
L4M6
Exam Name:
Supplier Relationships
Exam Questions:
243
Last Updated:
August 23, 2026
Related Certifications:
Level 4 Diploma in Procurement and Supply
Exam Tags:
Professional LevelSupply Chain Managers and Procurement Specialists
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Free CIPS L4M6 Exam Actual Questions
Question No. 1
What is the correct order for the 5 stages of team development?
Bruce Tuckman's model of team development outlines five stages:
Forming-- Team members get acquainted and establish ground rules.
Storming-- Members begin to communicate their feelings but still view themselves as individuals rather than part of the team.
Norming-- People feel part of the team and realize that they can achieve work if they accept other viewpoints.
Performing-- The team works in an open and trusting atmosphere where flexibility is the key and hierarchy is of little importance.
Adjourning-- The team conducts an assessment of the year and implements a plan for transitioning roles and recognizing members' contributions.
CIPS L4M6 Study Guide
Question No. 2
ABC is a company which sources a vital component from a supplier. There are only a few suppliers in the industry and without this component, ABC would not be able to produce their final product. What type of relationship should ABC seek to develop with their supplier?
As the component is vital to their business, ABC should seek a collaborative relationship with the supplier. There are three types of collaborative relationship (co-destiny, partnership and strategic alliance). Of these only strategic-alliance is given as an option. Remember - strategic purchase = collaborative relationship with supplier. There are many questions on the Relationship Spectrum on the exam. See p.5 for more details
Question No. 3
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 partnership relationship allows Joseph to collaborate with suppliers on cost savings in manufacturing, logistics, and installation, providing a competitive edge over rival companies.
Question No. 4
Which of the following are correct statements with regards to a joint venture and with regards to a strategic alliance? Select TWO that apply.
Statement B:A strategic alliance is an agreement between two or more parties to pursue a set of agreed-upon objectives while remaining independent organizations. It is typically managed jointly by the partners to achieve mutual benefits without forming a new legal entity.Wikipedia
Statement C:In a joint venture, two or more parties create a new, separate legal entity by contributing equity, and they share in the revenues, expenses, and control of the enterprise. This new company is formed to undertake specific business activities.
CIPS L4M6 Study Guide
Question No. 5
Grey Stone Memorial Hospital is a private medical facility which has an idea for a vaccine to a deadly disease, but does not have the capacity to make the vaccine itself. It is considering partnering with a well-known pharmaceutical company in order to bring the vaccine to market. What is the biggest risk to Grey Stone?
The correct answer is 'Intellectual Property Rights'. Grey Stone will need to share its idea for the vaccine with the pharmaceutical company and this is risky if there is no trust between the parties. See p.134 for more information on Risks of Partnerships.
