Cips passguarantee cips Level 4 Diploma In Procurement And Supply L4m6 Updated Exam by Serenity 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:	serenity

Question 64

Which circumstances make a buyer more attractive to the supplier?

Options:

Where the brand profile is high

When the buyer negotiates longer credit terms

Where the buyer exercises a stringent code of conduct

When the buyer is very procedural in its systems

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Question 65

Which of the following would be the most likely driver for a manufacturing organisation to consider partnership sourcing?

Options:

The marketplace is stable and costs are decreasing

To increase the number of suppliers

Product life cycles are shortening

Raw material prices are reducing

Discussion

Question 66

In the 1990s a company spent a lot of time and money developing a device that you could carry around that could play CDs. The product spent a long time in development but when it was released the sales figures were very disappointing. This was in part due to the fact another product was released at a similar time which had much more developed technology and could play music without the cumbersome size of a portable CD player. Which of the following did the company not consider when developing the product?

Options:

threat of substitution

threat of new entrant

rivalry among existing competitors

power of buyers

Discussion

Question 67

A printing company is seeking to start developing a digital solution for its customers. They will need to outsource this element of the business as it is not an area they have worked in. What would be the most effective way for them to approach the market for a digital partner?

Options:

Cost-based review of the market

Review existing suppliers only

Early engagement with the whole market

Pre-define all requirements before approaching the market