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Supplier Relationships

Last Update 19 hours ago Total Questions : 226

The Supplier Relationships content is now fully updated, with all current exam questions added 19 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 # 4

In Public Sector procurement a PIN is sent out to inform suppliers of an upcoming tender opportunity. What does PIN stand for?

A.

Prior Information Notice

B.

Procurement Information Number

C.

Procurement Identification Number

D.

Possibilities Identified Notice

Question # 5

Which of the following are not a valid reasons to terminate a relationship with a supplier? Select TWO.

A.

The supplier suddenly increases prices

B.

The supplier made one late delivery

C.

Supply base rationalisation

D.

The supplier becomes insolvent

E.

The supplier has a change in senior management

Question # 6

Intellectual Property Rights (IPR) include items such as copywrite and trademarks. A buyer is considering entering into a partnership with their supplier to create a new product which will be released in two years’ time. Should IPR be included into a contract between partners?

A.

Yes- IPR should always remain with the buyer- this will protect those rights

B.

Yes- IPR is a valid concern for both parties but will survive the termination of the agreement

C.

No- a separate legal agreement should be created to cover IPR

D.

No- a contract is not necessary if it is a partnership.

Question # 7

Which of the following would you use to qualify new suppliers? Select THREE.

A.

competency

B.

cash

C.

culture

D.

cooperation

E.

coordination

Question # 8

A company is about to invite tenders for a contract to clean external windows at several premises, all at least three storeys high. It is going to do this in two stages. For the first stage, it will issue a pre-qualification questionnaire (PQQ) and, from the replies, select at least five potential suppliers to invite to tender. Which of the following is a selection criterion rather than an award criterion?

A.

Risk assessments at the premises

B.

Method statements for previous contracts

C.

Price that will be charged

D.

Environmental impact assessment

Question # 9

Which of the following are Intellectual Property Rights that you would you encounter in procurement and supply contracts? Select THREE.

A.

Method Statements

B.

Risk Assessments

C.

Patents

D.

Copywrite

E.

Trademark

Question # 10

Which of the following is characteristic of an adversarial relationship?

A.

The communication is always poor

B.

The price is more important than the quality of the product

C.

They are only used for one-off purchases

D.

The outcome of the deal is more important than the long term relationship

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