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| Section | Objectives |
|---|---|
| Topic 1: Supplier Segmentation and Categorisation | - Strategic, tactical, and transactional suppliers - Supplier classification criteria - Kraljic matrix and portfolio analysis |
| Topic 2: Supplier Risk and Resilience | - Supplier vulnerability analysis - Risk identification and assessment - Risk mitigation strategies - Business continuity planning |
| Topic 3: Ending and Reconfiguring Supplier Relationships | - Managing relationship dissolution professionally - Supplier base rationalisation - Exit strategies and transition planning - Contract termination processes |
| Topic 4: Managing Supplier Performance | - Continuous improvement processes - Scorecards and supplier audits - Performance measurement tools and techniques - Key Performance Indicators (KPIs) |
| Topic 5: Supply Chain Context | - Stakeholder relationships in procurement - Understanding the supply chain environment - Supplier market analysis |
| Topic 6: Developing Supplier Relationships | - Supplier relationship management (SRM) frameworks - Relationship lifecycle stages - Partnership models and collaboration approaches - Trust and commitment in supplier partnerships |
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NEW QUESTION # 54
Which of the following are possible drivers for partnership sourcing? Select THREE.
Answer: A,C,D
Explanation:
To increase production costs and lead-times
Explanation:
The correct answers are; The marketplace has become more volatile, Working together will create synergies and The need to improve performance to satisfy the end customer. Further Drivers of Partnership Sourcing can be found on p.127. The other answers are incorrect as entering a partnership won't protect intellectual property rights- in fact that's one of the big risks of entering into a partnership. Partnerships won't increase costs and lead-times, they're likely to decrease them.
NEW QUESTION # 55
Which of the following documents can be used at the selection stage of a tender process to ensure that short listed bidders meet the requirements of the buying organisation? Select TWO.
Answer: C,D
Explanation:
Request for Information and Pre-Qualification Questionnaire can be used for short-listing suppliers. Request for Quotation is used when the only variable is price and you would like suppliers to submit a price for you.
Invitation to Tender would be the next stage after RFI / PPQ- this is sent out to those suppliers who have passed selection, and details the second stage of the competition. See p.75 for more details.
NEW QUESTION # 56
The Queen Victoria is a traditional British pub which serves a range of alcoholic beverages. It has a partnership relationship with a local brewery which supplies several types of beer and cider. Logistics is a key concern for the Queen Victoria as deliveries must be made when there is room in the cellar to store the barrels of beer and cider. In what ways could the logistics risk be reduced?
Answer: C
Explanation:
The logistics risk can be reduced by 'Sharing up-to-date information'. If the Pub tells the supplier when it's running low, they can then time the deliveries more accurately.
P. 136. A lot of the questions on the 'Partnerships' chapters of the book are common-sense questions like this. It involves reading the question and using logic, rather than relying on your knowledge of procurement. If you found this question easy - that's a good sign for the exam.
NEW QUESTION # 57
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: B
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 # 58
Which one of the following would constitute a succession issue when terminating a relationship?
Answer: C
Explanation:
Comprehensive and Detailed Explanation:
Succession issues pertain to the challenges associated with ensuring the uninterrupted supply of goods or services when transitioning from one supplier to another. Continuity of supplies is a primary concern, as any disruption can impact operations, customer satisfaction, and revenue. Effective succession planning involves:
* Identifying Alternative Suppliers:Ensuring that backup suppliers are in place and capable of meeting requirements.
* Knowledge Transfer:Facilitating the transfer of critical information and processes to new suppliers.
* Inventory Management:Maintaining adequate stock levels during the transition period.
Other options listed, such as processing penalties, deletion of old specifications, and payment of old invoices, are administrative tasks that, while important, do not directly relate to succession planning.
Reference:
CIPS L4M6 Study Guide
NEW QUESTION # 59
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