Cips actualtests cips L4m6 Questions Answers by Maverick q24 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:	180 Q&A's	Shared By:	maverick

Question 20

Achieving value for money can often be described as the three Es? What are these?

Options:

Ethics, Environment, Economy

Economy, Efficiency, Environment

Efficiency, Economy, Ethics

Effectiveness, Efficiency, Economy

Discussion

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Question 21

Which of the following macro-environmental factors can affect supply chains?

Options:

social, economic and cost

environmental, ethical and cost

political, economic and social

environmental, ergonomic and social

Discussion

Question 22

Red Ltd and Blue Ltd have had a disagreement over a high value project they have been partnering on. They have been unable to resolve the issues inhouse and Red Ltd has suggested Mediation as an option. Is this a good option?

Options:

Yes- mediation involves a neutral third party and gets both parties to attempt to reach a compromise

Yes- mediation means the buyer and supplier agree to accept a third party’s decision which will solve the disagreement issues

No- it would be better to solve the disagreement in-house

No- mediation could have a negative impact on the companies’ reputation

Discussion

Question 23

Gabriel is a procurement manager who wishes to explore a new avenue to procure products for his company. His manager has told him that he should invite internal stakeholders to a meeting to get their feedback. Who should Gabriel invite? Select THREE.

Options:

end-users

legal department

customers

suppliers

employees