Cips 2cram all L4m6 Test Inside Cips Questions by Jaiden q12 vce pdf

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Exam Name:	Supplier Relationships
Exam Code:	L4M6 Dumps
Vendor:	CIPS	Certification:	CIPS Level 4 Diploma in Procurement and Supply
Questions:	226 Q&A's	Shared By:	jaiden

Question 32

Which of the following are not a valid reasons to terminate a relationship with a supplier? Select TWO.

Options:

The supplier suddenly increases prices

The supplier made one late delivery

Supply base rationalisation

The supplier becomes insolvent

The supplier has a change in senior management

Discussion

Question 33

In the Purchasing Portfolio Matrix, a leverage product is a product in a market where it is easy to switch suppliers and the quality is standardised. Is this TRUE or FALSE?

Options:

False, the product is in a supply market which is highly complex and the product is of low importance

False, the product is in a supply market which is highly complex and the product is of high importance

True, the product is in a supply market which is of low complexity and the product is of high importance

True, the product is in a supply market which is of low complexity and the product is of low importance

Discussion

Question 34

Barry is a procurement manager at Sea Biscuits, a company which manufactures biscuits in the shape of dolphins and starfish. He works in an office that orders stationary regularly for its 100 person workforce. Stationary is a low-spend category item and Barry often orders stationary from different suppliers based on which supplier can provide the item the cheapest at that point in time. According to the Kraljic matrix, what type of suppliers provides stationary to Barry?

Options:

leverage

strategic

routine

Bottleneck

Discussion

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Question 35

Marcus is an account manager for a company that sells maintenance spares for air conditioning units. He has a customer who persistently pays late, is very demanding in terms of constant requests, and the profit margin on the account is minimal. If Marcus were to use a supplier preferencing model to map this customer, what category would he place them into?

Options:

Core

Exploitable

Nuisance

Development