Practice L4M6 Exam Online

Question 1

How can procurement add more value to buying organisation after tender evaluation and before contract award? Select TWO that apply.

A : Open post-tender negotiation

B : Set evaluation criteria

C : Hold reverse e-auction

D : Send request for quotation

E : Advertise the requirements

Answer: A,B

Question 2

Which of the following shows the highest level of early supplier involvement?

A :

Both parties make joint decisions regarding designs and specifications

B : Buyer fully develops the conformance specification by itself

C : Supplier takes full responsibility from concept to manufacture based on buyer's performance specification

D : Buyer decides the specification based on discussions with supplier

Answer: C

Question 3

You work at XYZ manufacturers and a competitor has just released a rival washing machine to the product that you make. This model is proving popular with customers. What competitive force is at play?

A : threat of substitution

B : threat of new entrant

C : supplier power

D : buyer power

Answer: B

Question 4

The Community Housing Agency has a number of housing projects under its management. The members of the project team had been asked to assemble in the conference room to prepare for the next important project: the Bradbury Housing. In the meeting, the housing manager speaks out his opinion: "I am a key sponsor of this project and I had to find this money from my own budget. I would like to take part in selecting the main building contractor from very first stage." Since the conceptual design phase of the project, most of housing manager's opinions and ideas have been strongly endorsed by project manager and project engineers. Which of the following is the right approach for managing stakeholder like housing manager according to Mendelow's theory?

A : Provide sufficient information to these stakeholders to ensure that they are up to date but not overwhelmed with data

B : Provide these stakeholders with minimal communication.

C : Keep these stakeholders adequately informed, talk to them to ensure that no major issues arise

D : Engage and make the greatest efforts with this stakeholder

Answer: D

Question 5

Tim manages the procurement department at a large retailer. He wants to ensure that his team are achieving value for money in their procurement activities. Which of the following should Tim set up?

A : ITT

B : Audit

C : Framework

D : Contract

Answer: B

Name:	Supplier Relationships
Exam Code:	L4M6
Certification:	CIPS Certification
Vendor:	CIPS
Total Questions:	248
Last Updated:	May 16, 2024

CIPS L4M6