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CIPS Updated L4M6 Exam Questions and Answers by arlo-james

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CIPS L4M6 Exam Overview :

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: arlo-james
Question 60

A buying organisation has decided to terminate its partnership with its supplier (FGH). For some time, the supplier has not been proactive in advising when deliveries will be late, which has frustrated the buying organisation. The supply market has historically been limited to a small number of suppliers, but new suppliers have decided that the market is attractive. The buying organisation is now considering setting up a partnership with a new supplier (XYZ) who has recently entered the market. What are the reasons for the buying organisation deciding to terminate its relationship with supplier FGH? Select TWO that apply.

Options:

A.

Changes in the composition of the supply market

B.

Levels of supply availability in the market have decreased

C.

The buyer no longer believes in the value of partnership relationships

D.

The supplier has decided that it no longer wishes to keep the buying organisation as a customer

E.

Poor communication by the supplier

Discussion
Question 61

An amicable style approach to ending a buyer-supplier relationship would be most appropriate in which of the following circumstances?

    Where the potential pool of alternative suppliers is small

    Where the buyer has to continue working with the supplier during the termination period

    Where the buyer has adopted an arm's-length relationship throughout the contract

    Where a material breach of the contract has been committed leading to the termination

Options:

A.

1 and 2

B.

1 and 3

C.

3 and 4

D.

2 and 3

Discussion
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Question 62

Which of the following are possible drivers for partnership sourcing? Select THREE.

Options:

A.

The protection of intellectual property rights

B.

The marketplace has become more volatile

C.

Working together will create synergies

D.

The need to improve performance to satisfy the end customerTo increase production costs and lead-times

Discussion
Question 63

Kyle Grant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over £10,000. What is the primary aim of this policy?

Options:

A.

To deliver an agile process

B.

To ensure value for money is achieved

C.

To allow procurement to select the lowest price

D.

To enable a reduction in competition

Discussion
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