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:	243 Q&A's	Shared By:	maverick

Question 20

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?

Options:

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

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

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

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

Discussion

Question 21

Which of the following are typical drivers for a partnership between the buyer and the supplier? Select the THREE that apply.

Options:

The buyer has a high spend with the supplier

There are many suppliers in the market

The product is critical for the buyer

The product is a commodity

The product is technically complex

The supplier provides the product to a buyer's competitor

Discussion

Question 22

An amicable style approach to ending a buyer-supplier relationship would be most appropriate in which of the following circumstances?

Options:

1 and 2

1 and 3

3 and 4

1 and 4

Discussion

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Question 23

A category buyer, managing an outsourcing project, is aware of the commercially sensitive nature of the project and wishes to adopt an accommodating approach to managing conflict amongst key stakeholders. Is this the correct approach?

Options:

No, as the category manager has a low concern for others and a low concern for themselves

Yes, as the category manager has a high concern for others and a high concern for themselves

No, as the category manager has a high concern for themselves and low concern for others

Yes, as the category manager has a low concern for themselves but high concern for others