CIPS L4M6 Free Dumps (Part 2, Q41-Q85) of V10.02: Check the Free Demo Questions to Verify the Latest Dumps

1. Which of the following would be benefits of partnership sourcing? Select TWO that apply.

2. National Hospital Trust (NHT) has entered into a partnership relationship with a major facilities management provider. The two organizations have agreed on the approach to undertake regular reviews and audits.

The audit approach will include which of the following?

3. 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.

4. A medical consumables buyer has adopted a close relationship approach with their suppliers that are considered to be complicated, technical suppliers.

Is this the right approach?

5. Fashion buyer Kamal Sumai is working closely with a key overseas supplier and is monitoring and forecasting cost volatility within the fabric market. Kamal has decided it is the right time to raise a purchase order with his supplier for a greater quantity of fabric than he currently needs. Kamal is attempting to avoid an imminent price increase.

What is this tactic known as?

6. What are the relationship characteristics of a Partnership?

7. 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?

8. Which circumstances make a buyer more attractive to the supplier?

9. According to Michael Porter, what is procurement?

10. Which of the following are considered part of the '5 Rights of Procurement'? Select THREE.

11. In a monopoly market, which of the following statements is true?

12. In an oliogopy market, what would a regulator do?

13. Which of the following would not affect rivalry in a marketplace? Select TWO.

14. Which of the following factors would you use to analyse the macro-environment? Select THREE.

15. Gabriel is a procurement manager who wishes to explore a new avenue to procure products for his company. His manager has told him that he should invite internal stakeholders to a meeting to get their feedback.

Who should Gabriel invite? Select THREE.

16. Value for money is often described at the ‘three Es’; economy, efficiency and effectiveness. However some people consider a 4th E which refers to the public sector.

What is the fourth E?

17. A garden centre has recently purchased some lollypop sticks to use as plant labels. The staff have written the name of the plant on the lollypop stick and put it next to the plant. This helps them identify which plant is which. However, after a couple of weeks, the lollypop sticks have become mouldy and the writing has faded. Staff are now struggling to identity their plants. The Manager of the garden centre is considering returning the lollypop sticks and asking for a full refund as they were not fit for purpose.

Can the Manager do this?

18. Fred is a new procurement manager at a large engineering firm. They procure 100s of components and use these to make kitchen appliances such as kettles and toasters. He has been asked by his manager to look into procuring a new component which will go into a new environmentally friendly kettle and has been asked to ensure that the firm receives value for money.

What should Fred do?

19. Which of the following are considered ‘wastes’ which can be removed from a business? Select THREE.

20. Tim manages the procurement department at a large retailer. He wants to ensure that his team are achieving value for money in their procurement activities.

Which of the following should Tim set up?

21. In public sector procurement, tenders are advertised with CPV codes, which provide a reference to describe the product or service being tendered.

What does CPV stand for?

22. In Public Sector procurement a PIN is sent out to inform suppliers of an upcoming tender opportunity.

What does PIN stand for?

23. Under what circumstances should a competitive tender not be completed? Select TWO.

24. Which of the following are NOT one of the four key principles of procurement in the EU?

25. 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.

26. Victoria runs a hotel and has recently had several security issues such as attempted robberies. She has decided that she needs to hire a security firm to ensure these issues don’t continue. She has done some research and has found there are several local security firms who may be able to provide services to her hotel. However, she hasn’t decided exactly what she would require the security firm to do.

What should be Victoria’s next steps?

27. David is sourcing a new cleaning contract as he is not impressed with his current cleaning company’s performance. He believes that his current supplier has been overcharging him, and due to budget cuts, he is keen to secure a lower price than what he is paying now. His Manager has suggested using an e-auction as the procurement method.

Is this the correct way forward?

28. In which procurement process is a PQQ not issued?

29. Why is it more difficult for buyers in the public sector to build relationships with suppliers?

30. If a stakeholder has high power in a business but isn’t interested in your procurement activity, what should be your management style for dealing with this stakeholder?

31. The CEO of a business has asked his procurement manager to source new machinery for the factory.

This machinery will help create a new line of products which will give the company a competitive edge. The CEO is heavily invested in this procurement activity as profits have been lower than expected this year and this new line of products could help increase profitability.

How should the procurement manager include the CEO in the procurement activity?

32. According to Mendelow, there are four ways stakeholders can be managed, depending on the amount of power they have, and how interested they are in your project.

What are these four categories?

33. Richie has come up with a new idea for sourcing items for the business but feels that it will have mixed reviews within the team. He thinks that some people will be in favour of the idea, and some will beagainst it. He doesn’t think the CEO will have a strong opinion either way.

In order to decide whether to put a business case together and present his idea to the CEO- what should Richie do?

34. Which of the following are not stages of team development? Select TWO.

35. Cigarettes and alcohol are often described as having an ‘inelastic price’.

What does this mean?

36. What is a disadvantage of including qualitative KPIs into a contract?

37. Which of the following are not a valid reasons to terminate a relationship with a supplier? Select TWO.

38. Sandra is a buyer for a large supermarket and has been increasing unhappy with the performance of a long-term supplier of bananas. Over time the deliveries have become unreliable and this has had impacts on the supermarket’s profitability.

What should Sandra do first?

39. When outsourcing, which legislation details the rights of employees who may find themselves now working for the outsourcing company?

40. The Public Sector in the UK is unable to enter into formal partnership relationships with any supplier.

Is this statement TRUE?

41. Partnership relationships are long-term relationships without a defined end period.

Is this statement TRUE?

42. Which of the following are possible drivers for partnership sourcing? Select THREE.

43. Which of the following are advantages for the buyer of entering into a partnership? Select TWO.

44. 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?

45. ABC is a company which sources a vital component from a supplier. There are only a few suppliers in the industry and without this component, ABC would not be able to produce their final product.

What type of relationship should ABC seek to develop with their supplier?