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CIPS Level 4 Diploma in Procurement and Supply Supplier Relationships

Supplier Relationships

Last Update May 5, 2024
Total Questions : 120

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Questions 4

Mandy is looking to source windows and doors for a new build apartment block. She has done some initial research and has discovered that there are many suppliers in the marketplace that can supply the items she needs. As it is a high-value project she is thinking of running a formal tender. What should be Mandy’s first step?

Options:

A.  

Run an open competition – send out an ITT

B.  

Run a restricted competition – send out a PQQ

C.  

Run an open competition – send out a RFQ

D.  

Run a restricted competition- send out a RFI

Discussion 0
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Questions 5

Partnership relationships are long-term relationships without a defined end period. Is this statement TRUE?

Options:

A.  

No- partnerships should have end dates so both parties have a way out if things don’t work out

B.  

No- partnerships have end dates as they are contractual relationships

C.  

Yes-partnerships do not have end dates because they involve significant investment

D.  

Yes- partnerships do not have end dates because there is never a contract involved

Discussion 0
Questions 6

Which of the following are not stages of team development? Select TWO.

Options:

A.  

Forming

B.  

Mourning

C.  

Achieving

D.  

Adjourning

E.  

Accepting

Discussion 0
Questions 7

The Pareto Principle is sometimes also known as what?

Options:

A.  

Five Forces

B.  

JIT

C.  

ABC Analysis

D.  

Cost Engineering

Discussion 0

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