Cips how2pass l4m6 Exam Lab Questions by Lorelai q72 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:	lorelai

Question 8

A buyer is intending to purchase a new product for their business; however, the market has a large number of suppliers. What would be the most beneficial way for them to initially narrow down the supply options?

Options:

Look at lowest-cost suppliers only

Predefine minimum standards suppliers must meet

Go only to companies they have bought other products from

Preselect companies who have the largest market share

Discussion

Question 9

Which of the following relationship types are characterised by low levels of trust? Select TWO options

Options:

Adversarial(Correct)

Arm's Length

Outsourced

Single- Sourced

Partnership

Discussion

Question 10

Which of the following is not a type of tender process used in the Public Sector?

Options:

Restricted

Competitive Procedure with Negotiation

Competitive Dialogue

Unrestricted

Discussion

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Question 11

A university based in Europe has an objective to increase the number of students coming from the United States of America (USA). The university appoints a consultant with specialist knowledge of the USA market and has issued them with a performance-based specification. Which of the following is a characteristic of a performance specification?

Options:

It provides details of how the services must be carried out

It encourages innovation from the supplier

It enables the buyer to detail technical information

It ensures the supplier must conform with the specification