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 |
How would a buyer measure value for money from a relationship with a new supplier for goods?
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?
The use of technical jargon can result in what?
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?