Cips selftestengine new Release L4m6 Cips Level 4 Diploma In Procurement And Supply Questions by Asa 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:	226 Q&A's	Shared By:	asa

Question 36

Innovation is a key consideration when entering into a partnership. Is this statement true?

Options:

Yes- joint innovation projects are often a strong motivation for entering into a partnership

Yes- innovation is the only reason to enter into a partnership

No- the key consideration when entering a partnership is cost reduction

No- innovation is best achieved in a contractual relationship where KPIs can be monitored closely.

Discussion

Question 37

In the Purchasing Portfolio Matrix, a leverage product is a product in a market where it is easy to switch suppliers and the quality is standardized. Is this TRUE or FALSE?

Options:

False, the product is in a supply market which is highly complex and the product is of low importance

False, the product is in a supply market which is highly complex and the product is of high importance

True, the product is in a supply market which is of low complexity and the product is of high importance

True, the product is in a supply market which is of low complexity and the product is of low importance

Discussion

Question 38

Debbie is a procurement manager at a small manufacturer company. She had a contract in place with a company that provides uniforms, but finds that she doesn’t need to order much from them as the staff re-wear the same clothes to work. The contract has now expired. Should Debbie do a Competitive Tender to source a new contract?

Options:

Yes – the contract has now expired so she must do a new competitive tender

Yes- competitive tender is the only option to procure uniforms

No- the contract is not of significant value

No- Debbie should continue using the same supplier- it doesn’t matter that the contract has expired.

Discussion

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Question 39

Hungry Sandwich Co. produces over 5,000 freshly made sandwiches on-site every day. The main ingredient that Hungry Sandwich Co. buys is bread. It is the item they spend the most money on, and they have a long-term partnership agreement with a local bakery to manufacture and supply fresh bread every morning. Using a supplier positioning matrix, which is the appropriate category for bread for Hungry Sandwich Co.?

Options:

Non-critical

Bottleneck

Abundant

Strategic