Pass L4M6 Exam with Updated L4M6 Valid Test Guide by ITExamDownload

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CIPS Supplier Relationships valid exam simulator & CIPS Supplier Relationships exam study torrent & CIPS Supplier Relationships test training guide

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CIPS Supplier Relationships Sample Questions (Q73-Q78):

NEW QUESTION # 73
Francisco has entered a partnership with Pedro, who is a key supplier, and wants to ensure that the partnership achieves all of Francisco's goals. As well as qualitative and quantitative KPIs, what other measures could Francisco take to ensure the partnership is a success?

A. Do frequent appraisals on the supplier
B. Conduct regular audits
C. Threaten the supplier with termination if he underperforms
D. Ensure there is a damages clause in the contract

Answer: B

Explanation:
The correct answer is 'Conduct regular audits'. This is explained on p.153. You wouldn't do an appraisal on a supplier in a partnership relationship as both parties are equal. Threatening a partner isn't good for the relationship and a damages clause would be used in a contractual relationship rather than a partnership.

NEW QUESTION # 74
ABC is a company which sources a vital component from a supplier. There are only a few suppliers in the industry and without this component, ABC would not be able to produce their final product. What type of relationship should ABC seek to develop with their supplier?

A. arms length
B. transactional
C. strategic alliance
D. outsource

Answer: C

Explanation:
As the component is vital to their business, ABC should seek a collaborative relationship with the supplier.
There are three types of collaborative relationship (co-destiny, partnership and strategic alliance). Of these only strategic-alliance is given as an option. Remember - strategic purchase = collaborative relationship with supplier. There are many questions on the Relationship Spectrum on the exam. See p.5 for more details

NEW QUESTION # 75
Which of the following are typical drivers for a partnership between the buyer and the supplier? Select the THREE that apply.

A. The supplier provides the product to a buyer's competitor
B. The buyer has a high spend with the supplier
C. The product is a commodity
D. There are many suppliers in the market
E. The product is technically complex
F. The product is critical for the buyer

Answer: B,E,F

Explanation:
Drivers for partnership include a high spend with the supplier, criticality of the product, and technical complexity. These factors encourage collaboration for cost efficiency, quality improvement, and risk management. Partnerships are less likely when there are many suppliers or the product is a commodity, as competition and standardization reduce the need for close collaboration.

NEW QUESTION # 76
Which of the following documents can be used at the selection stage of a tender process to ensure that short listed bidders meet the requirements of the buying organisation? Select TWO.

A. Request for Quotation
B. Invitation to Tender
C. Request for Information
D. Pre-Qualification Questionnaire

Answer: C,D

Explanation:
Request for Information and Pre-Qualification Questionnaire can be used for short-listing suppliers. Request for Quotation is used when the only variable is price and you would like suppliers to submit a price for you. Invitation to Tender would be the next stage after RFI / PPQ- this is sent out to those suppliers who have passed selection, and details the second stage of the competition. See p.75 for more details.

NEW QUESTION # 77
How would a buyer measure value for money from a relationship with a new supplier for goods?

A. Lowest possible cost
B. Audit of how suppliers promise
C. Quality and volume of goods
D. Balance of quality and cost

Answer: D

Explanation:
Value for money is achieved through a balance of quality and cost, ensuring that the goods meet performance requirements while being cost-effective, as per procurement best practices.

NEW QUESTION # 78
......

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Pass L4M6 Exam with Updated L4M6 Valid Test Guide by ITExamDownload

CIPS Supplier Relationships valid exam simulator & CIPS Supplier Relationships exam study torrent & CIPS Supplier Relationships test training guide

CIPS Supplier Relationships Sample Questions (Q73-Q78):

L4M6 Valid Test Guide 100% Pass | Latest Valid CIPS Supplier Relationships Exam Forum Pass for sure

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