Cips spoto sure Pass Exam L4m6 Pdf by Elisei q96 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:	elisei

Question 28

How would a buyer measure value for money from a relationship with a new supplier for goods?

Options:

Audit of how suppliers promise

Lowest possible cost

Balance of quality and cost

Quality and volume of goods

Discussion

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Question 29

Harry has just entered into a partnership with a key supplier. Although he is excited about the prospect, he thinks it’s a good idea to set some goals and KPIs. Which of the following criteria should Harry use to decide if a KPI is appropriate?

Options:

Measurable, achievable and relevant

Relatable, precise, and measurable

Time bound, difficult and relevant

Significant, measurable and achievable

Discussion

Question 30

The use of technical jargon can result in what?

Options:

Misunderstanding

Lack of trust

Increased price

Lack of transparency

Discussion

Question 31

Andrew runs a factory that makes cakes. Vanilla Extract is a vital ingredient in Andrew’s cakes and this is a monopolistic market. Andrew has noticed recently that the quality of the supplier’s product has reduced, and this has led to several complaints from customers. Andrew is considering entering into a Partnership with this supplier as he believes this will help increase the supplier’s performance. Is this the correct thing to do?

Options:

Yes- partnership sourcing can improve performance which will ultimately satisfy the end customer

Yes- partnership sourcing will improve sales figures

No- Andrew should use an alternative supplier

No- Andrew should outsource the vanilla extract.