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| Section | Objectives |
|---|---|
| Topic 1: Dynamics of Supplier Relationships | - Relationship development factors
|
| Topic 2: Partnering and Collaboration | - Strategic partnerships
|
| Topic 3: Managing Supplier Relationships | - Supplier performance management
|
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NEW QUESTION # 168
A software developer is seeking to develop a new fitness trends app. They are looking to create a contract with a fitness expert to give advice on the type of changing fitness trends. What agreement should the app developer aim to achieve?
Answer: D
Explanation:
Comprehensive and Detailed Explanation:
In scenarios requiring specialized expertise and collaborative input, apartnering relationshipis most appropriate. This type of relationship fosters close cooperation, shared goals, and mutual trust, enabling both parties to contribute effectively to the project's success.
Reference:
CIPS L4M6 Study Guide
NEW QUESTION # 169
Kyle Grant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over ยฃ10,000. What is the primary aim of this policy?
Answer: A
Explanation:
Obtaining multiple quotations ensures value for money by comparing suppliers based on cost, quality, and other criteria. It promotes competitive pricing and informed decision-making.
NEW QUESTION # 170
A partnership was created between a company and one of its local suppliers when the managing directors of each company met and thought partnering could be a good idea. No other departments were included in the discussions. The partnership has been in place for over a year, but neither of the companies has achieved any additional benefits. The company has been unable to offer any increased business to the supplier, and the supplier has been unable to improve on the quality of its products. The partnership is going to be terminated.
What is a possible main reason for the failure of the partnership?
Answer: B
Explanation:
Partnerships require careful planning, including alignment of goals, stakeholder involvement, and clear expectations. Poor planning leads to unmet objectives and lack of value generation, as highlighted by CIPS.
NEW QUESTION # 171
According to the STEEPLED analysis framework, what considerations are likely to be evaluated under the
'political' factor?
* Consumerism in the supply chains
* Grants and subsidies to the supply chains
* Civil unrest and war in the supply chains
* Wage rates in the supply chains
Answer: A
Explanation:
Political factors in STEEPLED analysis relate to:
* Government policy
* Political stability
* State intervention in markets
CIPS identifies grants and subsidies and civil unrest or war as political influences that can significantly impact supply chains.
Consumerism is a social factor, and wage rates are economic factors.
L4M6 Reference:
* Learning Outcome 1: Understand external influences on procurement
* Topic: STEEPLED / PESTLE analysis
* CIPS L4M6 Study Guide - Political and macro-environmental factors
NEW QUESTION # 172
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?
Answer: C
Explanation:
The correct answer is 'No- good levels of communication can exist in other types of relationships'. The study guide makes a point that not all good buyer: supplier relationships are partnerships. In fact 70% on supplier relationships will not be partnerships (according to Lambert who is quoted on p.131)
NEW QUESTION # 173
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