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CIPS L4m6 Supplier Relationships Exam Questions & Answers
Practice 17 free CIPS L4m6 Supplier Relationships exam questions with answers and community-discussed explanations. Each question has its own page where you can reveal the correct answer and debate it in the comments.
All 17 questions
- Q1 If both parties achieve their desired outcomes from a relationship such as high cost efficiency or greater revenue, definitely they have a…
- Q2 Ana is the manager of the purchasing team in company A, which sells high-quality furniture. Due to the increasing competition in the…
- Q3 Which of the following is true about reviews and audits of the partnership?
- Q4 Michael Porter said that there are three main ways to compete: low cost, differentiation and focus. Is it true that in differentiation,…
- Q5 Does partnership sourcing have only one aim: to minimize the total cost of ownership?
- Q6 What should procurement professional do to convince senior leaders and other departments to support partnership sourcing? Select THREE that apply
- Q7 Lene Group plans to start a Supplier Development Programme (SDP) to help small and medium sized suppliers improve their performance and expand…
- Q8 Which of the following are benefits of a partnership relationship in the supply chain? Select TWO that apply.
- Q9 Friends Company needs a specific type of valves for its product. It buys the valves from a supplier for $5 each. The…
- Q10 What are the factors that make an Early Supplier Involvement (ESI) project successful? Select the THREE that apply
- Q11 What mnemonic helps to identify the wastes to eliminate in value mapping process?
- Q12 To evaluate its relationship with a strategic supplier, Company C has developed key performance indicators (KPIs) that reflect various aspects of contract…
- Q13 XYZ Ltd needs some costly and crucial high-pressure aluminum die castings for its operations. It has formed a cross-functional team to create…
- Q14 Is ABC analysis a suitable technique for a procurement professional to categorise purchases by their profit impact and supply risk?
- Q15 According to Porter’s Five Forces model, which of the following are barriers to new entry that can deter potential competitors from entering…
- Q16 Which of the following shows the highest level of early supplier involvement?
- Q17 XYZ Ltd and MNC Ltd want to be partners. They both see that their motives are strong and the market conditions are…
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