20:00

PDF|

Guide for L4M6: CIPS Supplier Relationships

Quiz L4M6: CIPS Supplier Relationships

Free Test
/ 10

Quiz

1/10
Which of the following are typical drivers for a partnership between the buyer and the supplier?
Select the THREE that apply.
Select the answer
3 correct answers
A.
The buyer has a high spend with the supplier
B.
There are many suppliers in the market
C.
The product is critical for the buyer
D.
The product is a commodity
E.
The product is technically complex
F.
The supplier provides the product to a buyer’s competitor

Quiz

2/10
Which of the following options are legitimate reasons for terminating a contract? Select TWO that
apply.
Select the answer
2 correct answers
A.
You ordered 10,000 items instead of 1,000
B.
One of the contracted parties has clearly failed to perform its duties
C.
There has been a serious breach of contract terms
D.
Your internal stakeholder requested the wrong items
E.
Your MRP system placed a replenishment order that you do not need

Quiz

3/10
Products or services that are more suitable for partnership sourcing match which of the following
criteria?
Select the answer
1 correct answer
A.
1 and 2 only
B.
2 and 3 only
C.
1 and 3 only
D.
2 and 4 only

Quiz

4/10
Stephen Jones is assessing the relationships he has with his supplier base. Which of the following
would be drivers for Stephen to adopt a partnership relationship with a supplier?
Select the answer
1 correct answer
A.
1 and 2 only
B.
2 and 3 only
C.
1 and 4 only
D.
2 and 4 only

Quiz

5/10
Sugar Doughnut Ltd has a jam supplier that they have used successfully for over ten years. They have
made investments in the supplier’s factory to support them with capital equipment upgrades in
return for cost reduction on jam. The two companies also collaborate on bids for large supermarkets
when looking to supply doughnuts and work together on quality improvements. No contracts exist
between the two companies. Could this relationship be said to be a partnership relationship?
Select the answer
1 correct answer
A.
No, because contracts do not exist between the two companies
B.
No, because they have only worked together for ten years
C.
Yes, because they have demonstrated close collaboration on various projects
D.
Yes, because they both operate in the food sector

Quiz

6/10
A company supplies IT equipment and buys most of its components from first-tier suppliers in the
UK. It wants to analyze 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?
Select the answer
1 correct answer
A.
Sociocultural
B.
Technological
C.
Economic
D.
Ethical

Quiz

7/10
An amicable style approach to ending a buyer-supplier relationship would be most appropriate in
which of the following circumstances?
Select the answer
1 correct answer
A.
1 and 2
B.
1 and 3
C.
3 and 4
D.
1 and 4

Quiz

8/10
When a large organization partners with a small supplier to develop new technology, it is necessary
for regular communication. Is this statement true?
Select the answer
1 correct answer
A.
No, because partnerships do not require regular communication during development of new technology
B.
Yes, because partnerships require regular communication to succeed in meeting mutual objectives
C.
Yes, because a small supplier must be told what to do and when, because they have fewer employees
D.
No, because regular communication will stop a small supplier from doing their work

Quiz

9/10
In the STEEPLED framework, which of the following is an economic factor?
Select the answer
1 correct answer
A.
Unemployment rates
B.
Demographics
C.
Supply chain labor standards
D.
Election results

Quiz

10/10
Price fluctuations can affect profitability. Is this statement correct?
Select the answer
1 correct answer
A.
Yes, if the product's costs increase and the price does not
B.
No, only decisions made by the chief executive affect the price
C.
No, price is not related to profitability
D.
Yes, as sales may drop if the product is price inelastic
Looking for more questions?Buy now

L4M6: CIPS Supplier Relationships Practice test unlocks all online simulator questions

Thank you for choosing the free version of the L4M6: CIPS Supplier Relationships practice test! Further deepen your knowledge on CIPS Simulator; by unlocking the full version of our L4M6: CIPS Supplier Relationships Simulator you will be able to take tests with over 243 constantly updated questions and easily pass your exam. 98% of people pass the exam in the first attempt after preparing with our 243 questions.

BUY NOW

What to expect from our L4M6: CIPS Supplier Relationships practice tests and how to prepare for any exam?

The L4M6: CIPS Supplier Relationships Simulator Practice Tests are part of the CIPS Database and are the best way to prepare for any L4M6: CIPS Supplier Relationships exam. The L4M6: CIPS Supplier Relationships practice tests consist of 243 questions and are written by experts to help you and prepare you to pass the exam on the first attempt. The L4M6: CIPS Supplier Relationships database includes questions from previous and other exams, which means you will be able to practice simulating past and future questions. Preparation with L4M6: CIPS Supplier Relationships Simulator will also give you an idea of the time it will take to complete each section of the L4M6: CIPS Supplier Relationships practice test . It is important to note that the L4M6: CIPS Supplier Relationships Simulator does not replace the classic L4M6: CIPS Supplier Relationships study guides; however, the Simulator provides valuable insights into what to expect and how much work needs to be done to prepare for the L4M6: CIPS Supplier Relationships exam.

BUY NOW

L4M6: CIPS Supplier Relationships Practice test therefore represents an excellent tool to prepare for the actual exam together with our CIPS practice test . Our L4M6: CIPS Supplier Relationships Simulator will help you assess your level of preparation and understand your strengths and weaknesses. Below you can read all the quizzes you will find in our L4M6: CIPS Supplier Relationships Simulator and how our unique L4M6: CIPS Supplier Relationships Database made up of real questions:

Info quiz:

  • Quiz name:L4M6: CIPS Supplier Relationships
  • Total number of questions:243
  • Number of questions for the test:50
  • Pass score:80%

You can prepare for the L4M6: CIPS Supplier Relationships exams with our mobile app. It is very easy to use and even works offline in case of network failure, with all the functions you need to study and practice with our L4M6: CIPS Supplier Relationships Simulator.

Use our Mobile App, available for both Android and iOS devices, with our L4M6: CIPS Supplier Relationships Simulator . You can use it anywhere and always remember that our mobile app is free and available on all stores.

Our Mobile App contains all L4M6: CIPS Supplier Relationships practice tests which consist of 243 questions and also provide study material to pass the final L4M6: CIPS Supplier Relationships exam with guaranteed success. Our L4M6: CIPS Supplier Relationships database contain hundreds of questions and CIPS Tests related to L4M6: CIPS Supplier Relationships Exam. This way you can practice anywhere you want, even offline without the internet.

BUY NOW