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Supplier Relationships

Last Update 11 hours ago Total Questions : 263

The Supplier Relationships content is now fully updated, with all current exam questions added 11 hours ago. Deciding to include L4M6 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our L4M6 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these L4M6 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Supplier Relationships practice test comfortably within the allotted time.

Question # 51

Debbie is a procurement manager at a small manufacturer company. She had a contract in place with a company that provides uniforms, but finds that she doesn’t need to order much from them as the staff re-wear the same clothes to work. The contract has now expired. Should Debbie do a Competitive Tender to source a new contract?

A.

Yes – the contract has now expired so she must do a new competitive tender

B.

Yes- competitive tender is the only option to procure uniforms

C.

No- the contract is not of significant value

D.

No- Debbie should continue using the same supplier- it doesn’t matter that the contract has expired.

Question # 52

A local council requires facilities management services for ten schools based in their region. This service is a high spend, high risk, critical contract. Which sourcing approach would be the most appropriate?

A.

Request for quotation

B.

Competitive tendering

C.

Statement of source requirements

D.

Direct negotiation

Question # 53

What is a key driver for developing a partnership relationship?

A.

Unrestricted market

B.

Well-understood services

C.

Fast-changing technology

D.

Low-risk supplies

Question # 54

A partnership relationship can be described as any relationship between a buyer and supplier where there is a good level of communication and both parties are happy with each other’s performance. Is this statement TRUE?

A.

Yes- partnerships are characterised by strong relationships

B.

Yes- partnerships are the only relationship type where both parties are happy with each other’s performance

C.

No- good levels of communication can exist in other types of relationships

D.

No- only strategic relationships involve good levels of communication.

Question # 55

In the 1990s, a manufacturer of portable music players partnered with a mini-disk producer. The aim of the partnership was to reduce the size and cost of the devices and enhance flexibility. Sales of the product after launch were low due to a competitive launch of small digital players, which offered better flexibility to customers at a comparable price. The partners suffered substantial loss and never recovered the investment. In order to mitigate the risk described, what should both partners have considered before investing in the product? Select the TWO that apply.

A.

Fast charging markers

B.

Customer price expectation

C.

New substitute technology

D.

Cost of investment

E.

Legal implication of partnering

Question # 56

Grey Stone Memorial Hospital is a private medical facility which has an idea for a vaccine to a deadly disease, but does not have the capacity to make the vaccine itself. It is considering partnering with a well-known pharmaceutical company in order to bring the vaccine to market. What is the biggest risk to Grey Stone?

A.

Intellectual Property Rights

B.

Increased Costs

C.

Low quality product

D.

Uninformed stakeholders

Question # 57

Which of the following are the stages of team development?

A.

Starting, forming, benchmarking, performing

B.

Forming, storming, norming, performing

C.

Beginning, working, reviewing, performing

D.

Introducing, forming, managing, performing

Question # 58

Red Manufacturing work with around 40 different suppliers. One of these suppliers is Blue Business. Red Manufacturing order regularly from Blue Business, and have never had any issues with their performance. The materials Blue Business supply are of low value and there are several other suppliers of these materials in the market. What type of relationship should Red Manufacturing seek to have with Blue Manufacturing?

A.

partnership

B.

single-source

C.

arms-length

D.

adversarial

Question # 59

Which of the following macro-environmental factors can affect supply chains?

A.

social, economic and cost

B.

environmental, ethical and cost

C.

political, economic and social

D.

environmental, ergonomic and social

Question # 60

A partnership between a software development company and a software supplier has recently been created. In order for the partnership to be successful, what is a critical action to take in the early stages of their relationship?

A.

Define the standards both parties are expected to meet

B.

Look at costing models

C.

Promote the new partnership

D.

Complete audits on the performance of both parties

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