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| Section | Objectives |
|---|---|
| Topic 1: Managing Supplier Performance | - Performance measurement tools and techniques - Scorecards and supplier audits - Key Performance Indicators (KPIs) - Continuous improvement processes |
| Topic 2: Developing Supplier Relationships | - Trust and commitment in supplier partnerships - Relationship lifecycle stages - Supplier relationship management (SRM) frameworks - Partnership models and collaboration approaches |
| Topic 3: Supply Chain Context | - Stakeholder relationships in procurement - Understanding the supply chain environment - Supplier market analysis |
| Topic 4: Supplier Segmentation and Categorisation | - Strategic, tactical, and transactional suppliers - Supplier classification criteria - Kraljic matrix and portfolio analysis |
| Topic 5: Ending and Reconfiguring Supplier Relationships | - Exit strategies and transition planning - Supplier base rationalisation - Contract termination processes - Managing relationship dissolution professionally |
| Topic 6: Supplier Risk and Resilience | - Risk mitigation strategies - Business continuity planning - Risk identification and assessment - Supplier vulnerability analysis |
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NEW QUESTION # 244
An IT company is developing and launching a new product to the market. The project requires experts from different divisions of the business. What type of team should run this project?
Answer: C
Explanation:
Across-organisational teambrings together specialists from various departments-such as R&D, marketing, finance, and production-to collaborate on complex projects. This team structure enables diverse perspectives, innovative solutions, and efficient decision-making, which are crucial when developing and launching new products. The CIPS L4M6 guide emphasizes the importance of integrated teamwork in achieving strategic outcomes in procurement and supply chain projects.
NEW QUESTION # 245
Which of the following tender processes available to a buyer involves a Pre-Qualification Questionnaire (PQQ) to identify, assess, and create a shortlist of suppliers being invited to the Invitation to Tender (ITT) stage? Select TWO that apply.
Answer: A,D
Explanation:
The Restricted and Two-stage procedures involve a PQQ stage to shortlist suppliers before issuing an ITT.
This approach is common for contracts requiring stringent supplier qualifications.
NEW QUESTION # 246
In the Purchasing Portfolio Matrix, a leverage product is a product in a market where it is easy to switch suppliers and the quality is standardised. Is this TRUE or FALSE?
Answer: C
Explanation:
Comprehensive and Detailed Explanation:
Leverage products are characterized by:
* High profit impact:They significantly affect the company's bottom line.
* Low supply risk:They are available from multiple suppliers, making it easy to switch if necessary.
These products often have standardized quality, and the competitive supply market allows buyers to negotiate favorable terms.
Reference:
CIPS L4M6 Study Guide
NEW QUESTION # 247
Beyond Say is a manufacturer of diamond rings. It sources a lot of different parts to create its products including diamonds, gold, cardboard boxes for the rings to go in, as well as stationary and copier paper for the offices. Although it doesn't buy many diamonds, these represent a large part of Beyond Say's spend. Which category of spend would diamonds represent?
Answer: B
Explanation:
This is category 'A' spend in the ABC model - they represent a large value and a small number of purchases / suppliers. See p.17 for more information on the ABC Analysis
NEW QUESTION # 248
A buyer is procuring a high-value specialist piece of medical equipment to use in the healthcare sector from a market that consists of minimal competition. The buyer has decided to use an open tender procedure to purchase the equipment. Is this an appropriate method to use?
Answer: C
Explanation:
If the market has few suppliers, an open tender is not appropriate, as it adds unnecessary time and cost.
Instead, a restricted or negotiated procedure is more effective. Open tendering is best used in highly competitive markets.
NEW QUESTION # 249
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