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CIPS Supplier Relationships Sample Questions (Q39-Q44):
NEW QUESTION # 39
A buyer is intending to purchase a new product for their business; however, the market has a large number of suppliers. What would be the most beneficial way for them to initially narrow down the supply options?
- A. Go only to companies they have bought other products from
- B. Preselect companies who have the largest market share
- C. Predefine minimum standards suppliers must meet
- D. Look at lowest-cost suppliers only
Answer: C
Explanation:
Setting minimum standards helps filter suppliers efficiently, ensuring that only capable and reliable suppliers are considered. This approach supports both cost and quality objectives.
NEW QUESTION # 40
Products or services that are more suitable for partnership sourcing match which of the following criteria?
- A. 1 and 2 only
- B. 2 and 4 only
- C. 1 and 3 only
- D. 2 and 3 only
Answer: A
Explanation:
Partnership sourcing is suitable for products that contribute to the buying organization's unique selling point (USP) and for critical products on which key customers depend. This approach ensures strategic alignment and mutual benefits for both parties, focusing on collaboration rather than cost alone.
NEW QUESTION # 41
Which of the following are examples of internal stakeholders of a manufacturing repair organisation? Select TWO that apply.
- A. Finance director
- B. Shareholders
- C. Trade union managers
- D. Maintenance engineers
- E. Bank manager
Answer: A,D
Explanation:
Internal stakeholders are individuals or groups within an organization who are directly involved in its operations and decision-making processes. The finance director plays a crucial role in budgeting and financial planning, while maintenance engineers are essential for ensuring equipment functionality and efficiency. Both are integral to the organization's internal operations, as outlined in the CIPS L4M6 study materials.
NEW QUESTION # 42
Lee is a procurement manager at Real Pirates Ltd and he has a contract with Peg Leg Industries for the supply of fake, wooden legs for his team of Pirates. Real Pirates Ltd have been working with Peg Leg Industries for almost 10 years but recently Lee has discovered he will need to terminate the contract due to 'Contract Frustration'. What could be the reason for this?
- A. The supplier has become insolvent
- B. An unexpected incident has occurred beyond anyone's control
- C. The supplier has leaked confidential information about Real Pirates Ltd to a competitor
- D. The supplier has committed a material breach
Answer: B
Explanation:
The correct answer is 'An unexpected incident has occurred beyond anyone's control'. A good example of this would be the Covid-19 pandemic- neither the buyer nor supplier could have predicted this, and if this means that the contract can't be completed - then the contract can be terminated (in the UK at least). A way to avoid this would be to include a Force Majeur clause listing possible circumstances that could occur. When there's a Force Majeur clause, these eventualities are now classed as foreseen rather than unforeseen. See p.
108
NEW QUESTION # 43
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. single-source
- B. adversarial
- C. partnership
- D. arms-length
Answer: D
Explanation:
The correct answer is 'arms length'. This is a tactical purchase (as it is low value) and keeping the supplier at arms-length means that Red Manufacturing could possibly exploit them to reduce their prices (think back to the Kraljic matrix and where Blue Business would likely fall). A Partnership or Single- Source relationship requires investment into the relationship, and as the products are low value and Red Manufacturing have a lot of other suppliers, they should not be investing time in developing that relationship with Blue Business. An adversarial relationship wouldn't be advantageous as it may lower the performance of the supplier. See the relationship spectrum on p.5 - this is a hot topic for the exam
NEW QUESTION # 44
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