Cips dumpscollection vce L4m6 Questions Latest by Ayva q120 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:	263 Q&A's	Shared By:	ayva

Question 16

In the relationship spectrum, which of the following describes the most competitive relationship?

Options:

Outsourcing

Transactional

Single sourced

Adversarial

Discussion

Question 17

The executive board of a manufacturing company is requesting support from the procurement team because the company needs to improve its levels of profitability. After segmenting the overall spend by value and risk of supply, the senior buyer for the company is planning to undertake a cost modeling activity. This will be undertaken with a cross-organizational team of internal stakeholders and key strategic suppliers. What would be the buyer's initial objective from the cost modeling activity?

Options:

To understand the supplier's competitive threats

To understand the supplier's financial status

To understand the supplier's pricing strategy

To understand the supplier's investment plans

Discussion

Question 18

A low level of trust between parties can often lead to partnership relationships being unsuccessful and failing. Which of the following supports the protection of commercially sensitive information between both parties and can help to retain trust?

Options:

A non-disclosure agreement

An authorised business case

Early supplier involvement

A business continuity plan

Discussion

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Question 19

What is collaborative inertia?

Options:

the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts

A situation when the apparent output from collaboration is considerably less than expected

When a partnership is unable to create new ideas

Where a third party is invited to join a partnership.