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Latest L4M6 Exam Practice Questions

The practice questions for L4M6 exam was last updated on 2025-09-15 .

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Question#1

Which of the following are advantages for the buyer of early supplier involvement with the buyer's product development team?

A. 1 and 2 only

B. 1 and 3 only

C. 2 and 3 only

D. 2 and 4 only

Explanation:
Early supplier involvement ensures the supplier understands process timelines and allows the buyer to leverage supplier capabilities. This improves product development efficiency and enhances outcomes.

Question#2

Agile Cars Ltd is creating a ‘lean’ business model which involves receiving deliveries of components only when they are required.
Which of the following ‘wastes’ is being removed from the business?

A. Transportation

B. Defects

C. Over-production

D. Inventory

Explanation:
This would reduce inventory (holding stock). Inventory is considered a business waste because it costs money to store stuff (e.g. paying the rent on a warehouse, electricity to light it up etc). If you can reduce the need to store materials and components on site- you reduce costs. You also save time because you get deliveries when you need them- you don’t need to allow for staff unpacking things, storing them away, then going back to them later when they need them. For more information on the 7 Business Wastes see p.70. This comes up in a couple of modules, so it’s worth remembering.

Question#3

Which of the following behaviours are you likely to see in a Partnership relationship?

A. Opportunistic behaviour and strong levels of trust

B. Strong levels of trust and honest communication

C. Honest communication and opportunistic behaviour

D. Secrecy and honest communication

Explanation:
The correct answer is ‘Strong levels of trust and honest communication’. The questions on Partnership in the exam tend to be quite straightforward, but if you’re struggling with this see p. 148 for further details of behaviour in Partnerships.

Question#4

At what stage of the relationship cycle could you use Carter's 10 Cs?

A. on-boarding

B. qualification

C. segmentation and risk management

D. development and innovation

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.

Question#5

The CEO of a business has asked his procurement manager to source new machinery for the factory. This machinery will help create a new line of products which will give the company a competitive edge. The CEO is heavily invested in this procurement activity as profits have been lower than expected this year and this new line of products could help increase profitability.
How should the procurement manager include the CEO in the procurement activity?

A. It is important to keep the CEO informed of all decisions that are made

B. It is important to keep the CEO satisfied as he runs the business

C. The CEO is a key player- so it is important he is involved early in the process

D. The CEO is a key player- so should be given regular updates on progress

Explanation:
The correct answer is ‘The CEO is a key player- so it is important he is involved early in the process’. The CEO has high power and high interest which puts him in the top right-hand corner of Mendelow’s Stakeholder Matrix (p.81). CIPS says Key Players should be involved early in the procurement process (p.82).

Exam Code: L4M6Q & A: 226 Q&AsUpdated: 2025-09-15

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