Cips passguarantee cips Level 4 Diploma In Procurement And Supply L4m4 Updated Exam by Dana q0 vce pdf

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Exam Name:	Ethical and Responsible Sourcing
Exam Code:	L4M4 Dumps
Vendor:	CIPS	Certification:	CIPS Level 4 Diploma in Procurement and Supply
Questions:	282 Q&A's	Shared By:	dana

Question 76

A buyer might opt to do an Invitation to Tender (ITT) rather than a Request for Quotation (RFQ) because …

Options:

Time is of the essence and decisions need to be made quickly without additional stakeholder involvement

The contract will be low value and there are many suppliers, therefore a simpler approach is required

The supplier market is an oligopoly where a few large suppliers dominate the market

The nature of the goods or services being purchased is complex and high value

Discussion

Question 77

A buyer for a large manufacturing organisation is assessing a sole-supplier tender opportunity. The buyer is finding it challenging to differentiate the proposals on unit purchase price. Are there any added values that the procurement manager can use to leverage the sole-supplier proposal?

Options:

Yes. The buyer can negotiate on aspects such as after-sales service

Yes, but only if the buyer decides to re-start the tender opportunity

No, because a buyer has no leverage over a sole supplier

No. The buyer must make the decision based on the existing information

Discussion

Question 78

During the quality assurance of a supplier, Margaret is looking for an international standard that shows the supplier's commitment to sustainable procurement. What document should the supplier provide to show this?

Options:

ISO20400

ISO14000

ISO9001

ISO27000

Discussion

Question 79

A buyer of bakery products sees wheat shortages due to poor harvests but demand remains high. How does this affect negotiation?

Options:

Buyer is in a strong position to reduce prices

Buyer will find it difficult to negotiate lower prices

Prices will not be affected by shortages as demand is high

Bakery produce will be lower priced as less wheat is available

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