CIPS L4m6 Supplier Relationships · Free Practice Question Medium
Question 8
Which of the following are benefits of a partnership relationship in the supply chain? Select TWO that apply.
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A
Enhanced sustainability practices
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B
Reduced innovation and slower time-to-market for new products.
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C
Higher procurement costs
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D
Increased efficiency and speed of delivery
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E
Higher intellectual property risks
Reveal correct answers
Correct answers: A, D
Explanation
In a partnership relationship within the supply chain, the benefits typically include:
Enhanced sustainability practices: Partnerships can lead to more sustainable operations as companies work together to improve environmental and social impacts.
Increased efficiency and speed of delivery: Collaborative relationships often streamline processes, reduce waste, and enhance the speed of delivery to the market.
The other options listed, such as reduced innovation, higher procurement costs, and higher intellectual property risks are not the benefits of the partnership relationship.
Reference: CIPS L4M6 study guide page 133-134 / The new syllabus 2024
LO 3, AC 3.1
Discussion
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