L4M6 Exam Quiz & L4M6 New Practice Questions

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L4M6 Exam Quiz, L4M6 New Practice Questions, L4M6 Valid Dumps Questions, L4M6 Study Demo, L4M6 Valid Exam Syllabus

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CIPS Supplier Relationships Sample Questions (Q166-Q171):

NEW QUESTION # 166
Which of the following relationship types would you consider using for a Main Contractor on a building construction project, who will be responsible for co-ordinating the activities of other suppliers?

  • A. co-destiny
  • B. partnership
  • C. closer tactical
  • D. transactional

Answer: C

Explanation:
in tiered supply chains, a closer-tactical relationship could be used between a buyer and a supplier who will be responsible for co-ordinating the activities of other suppliers (p.8 of the textbook).


NEW QUESTION # 167
Which of the following are typical drivers for a partnership between the buyer and the supplier? Select the THREE that apply.

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

Answer: B,D,F

Explanation:
Comprehensive and Detailed Explanation:
Partnerships between buyers and suppliers are often driven by:
* High Spend:Significant expenditure justifies the investment in developing a closer relationship to achieve cost savings and efficiencies.
* Critical Products:Items that are essential to the buyer's operations necessitate a reliable and collaborative supplier relationship.
* Technical Complexity:Complex products benefit from joint development efforts, shared expertise, and coordinated problem-solving.
Conversely, commodities and markets with many suppliers typically lend themselves to transactional relationships rather than partnerships.
Reference:
CIPS L4M6 Study Guide


NEW QUESTION # 168
A software developer is seeking to develop a new fitness trends app. They are looking to create a contract with a fitness expert to give advice on the type of changing fitness trends. What agreement should the app developer aim to achieve?

  • A. Partnering relationship
  • B. Quality-based relationship
  • C. Cost-based relationship
  • D. Traditional contracting relationship

Answer: A

Explanation:
Comprehensive and Detailed Explanation:
In scenarios requiring specialized expertise and collaborative input, apartnering relationshipis most appropriate. This type of relationship fosters close cooperation, shared goals, and mutual trust, enabling both parties to contribute effectively to the project's success.
Reference:
CIPS L4M6 Study Guide


NEW QUESTION # 169
The Public Sector in the UK is unable to enter into formal partnership relationships with any supplier. Is this statement TRUE?

  • A. No- the Public Sector can enter into partnership relationships with suppliers providing they have tendered the opportunity
  • B. No- the Public Sector can enter into partnership relationships when contracts are over the threshold value.
  • C. Yes- the Public Sector is unable to enter partnerships because they operate in a monopoly market
  • D. Yes- the Public Sector is regulated by EU procurement regulations which prohibits this

Answer: D

Explanation:
The correct answer is 'Yes- the Public Sector is regulated by EU procurement regulations which prohibits this'. This is stated on p.122. Please note that this study guide and exam were written before Brexit. Once Brexit happens, nobody knows what will happen with this.


NEW QUESTION # 170
A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyse its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. Which of the following STEEPLED factors is most likely to have the greatest effect?

  • A. Ethical
  • B. Technological
  • C. Sociocultural
  • D. Economic

Answer: B

Explanation:
In the context of the IT equipment industry,Technologicalfactors are paramount. The rapid pace of technological advancement influences product development, supply chain processes, and market competitiveness. Utilizing the STEEPLED framework, technological considerations would significantly impact the company's supply chain strategy.
As per the CIPS Intelligence Hub:
"STEEPLED analysis is a strategic planning methodology that can be used across all business functions to discover, evaluate, organise, and track external risk."
- CIPS Intelligence Hub: Using STEEPLED analysis to develop your supply chain


NEW QUESTION # 171
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