Free PDF CIPS - L4M6 - Trustable CIPS Supplier Relationships New Braindumps Questions

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CIPS L4M6 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Dynamics of Relationships in Supply Chains30%- Types of commercial relationships
  • 1. Relationship spectrum and life cycle
    • 2. Internal and external relationships
      - Sources of added value through relationships
      - Portfolio analysis techniques
      • 1. Matrices for positioning and assessment
        • 2. Developing improvement action plans
          - Competitive forces and external factors
          • 1. Porter's five forces
            • 2. STEEPLED influences
              Topic 2: Improving Supplier Relationships15%- Risk management and resilience
              - Sustainability and ethical considerations
              - Process improvement and value creation
              Topic 3: Conflict and Dispute Resolution20%- Approaches to negotiation and resolution
              • 1. Negotiation styles and techniques
                • 2. Formal and informal dispute resolution
                  - Sources of conflict in relationships
                  Topic 4: Approaches to Managing Supplier Relationships35%- Communication and stakeholder engagement
                  • 1. Managing internal and external stakeholders
                    • 2. Effective communication protocols
                      - Relationship management strategies
                      • 1. Partnership and collaborative approaches
                        • 2. Contractual and relational governance
                          - Supplier selection and evaluation
                          • 1. Criteria and methods for selection
                            • 2. Performance measurement and monitoring

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                              CIPS Supplier Relationships Sample Questions (Q129-Q134):

                              NEW QUESTION # 129
                              A restricted market is a market where there are only a small number of capable and competent suppliers.
                              Which of the following is not a reason for a marketplace to be restricted?

                              Answer: A

                              Explanation:
                              The correct answer is 'The product is easy to source elsewhere'. The other three are given as reasons a marketplace might be restricted on p.138. Other reasons also include; brand loyalty, difficult access to distribution channels, and companies colluding.


                              NEW QUESTION # 130
                              Which of the following describes differentiation as a method of competitive advantage?
                              * A company that sets out to be the lowest-cost producer in the market
                              * A company that will seek to be unique in a way that is valued by buyers
                              * A company producing a standard or budget cost product
                              * A company producing a product that attracts a premium price charge

                              Answer: C

                              Explanation:
                              Comprehensive and Detailed Explanation:
                              Differentiation involves offering unique products or services that are valued by customers, allowing the company to charge premium prices. This strategy focuses on uniqueness and added value rather than competing solely on cost.
                              Reference:
                              CIPS L4M6 Study Guide


                              NEW QUESTION # 131
                              Polly Manufacturing is a company which manufactures bicycle parts. It has several factories around the country and is one of the leading suppliers of wheels, bells and pedals. Which of the following is Polly Manufacturing likely to outsource? Select TWO options.

                              Answer: A,B

                              Explanation:
                              They could outsource cleaning and facilities management. These are auxiliary services. The manufacturing of bike parts is their 'core' business so they should retain this in-house


                              NEW QUESTION # 132
                              Which of the following are considered part of the '5 Rights of Procurement'? Select THREE.

                              Answer: A,C,E

                              Explanation:
                              The 5 Rights of procurement are; place, quality, quantity, time, price. (Price and Cost are not the same thing). See p.38


                              NEW QUESTION # 133
                              Which of the following are advantages of partnering?

                              Answer: A,C

                              Explanation:
                              Partnering supports supply chain consolidation and continual improvement by fostering collaboration and shared objectives. These benefits align with the strategic goals of building resilient and efficient supply chains.


                              NEW QUESTION # 134
                              ......

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