Build Confidence with CIPS L4M6 Dumps (V11.02): Continue to Read L4M6 Free Dumps (Part 2, Q41-Q80) Online

1. Which of the following relationship types require the most investment from the buyer?

2. A buyer is intending to purchase a new product for their business; however, the market has a large number of suppliers.

What would be the most beneficial way for them to initially narrow down the supply options?

3. The Kraljic Model is most useful for which aspect of procurement?

4. 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?

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

6. Which of the following are advantages for the buyer of early supplier involvement with the buyer's product development team?

7. Kinky Boots Ltd provides high heeled shoes in large sizes. Their target market are Drag Queens. There are a couple of rival shoe manufacturers in this market and Kinky Boots Ltd offer the cheapest high heels.

What strategy is Kinky Boots Ltd employing in terms of competitive advantage?

8. A partnership approach to a buyer-supplier relationship, as opposed to a traditional adversarial approach, would have which of the following characteristics?

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

10. 1.Which of the following are typical drivers for a partnership between the buyer and the supplier? Select the THREE that apply.

11. 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.

12. 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?

13. 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?

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

15. Which of the following would you use to qualify new suppliers? Select THREE.

16. Which of the following is characteristic of an adversarial relationship?

17. When using competitive forces theory, suppliers are powerful in which of the following situations? Select THREE that apply.

18. Hungry Sandwich Co. produces over 5,000 freshly made sandwiches on-site every day. The main ingredient that Hungry Sandwich Co. buys is bread. It is the item they spend the most money on, and they have a long-term partnership agreement with a local bakery to manufacture and supply fresh bread every morning.

Using a supplier positioning matrix, which is the appropriate category for bread for Hungry Sandwich Co.?

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

20. 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?

21. Supplier development should be undertaken with all suppliers that a buyer uses. Is this statement TRUE?

22. A competitor develops an alternative type of vacuum cleaner to one produced by your organization.

Is this an example of the threat of substitutes, one of the five forces of competition described by competitive forces theory?

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

24. 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?

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

26. A doctor's surgery requires a complex database system to manage all of its patients data, which is highly sensitive. The system also needs to link to other departments of the health service such as physiotherapy and intensive care. The Manager of the surgery is considering outsourcing the management of the database to an IT company.

What is the Manager's main motivation for doing this?

27. Which of the following are examples of ways in which businesses can add value? Select THREE that apply.

28. Which of the following are the stages of team development?

29. 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?

30. 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?

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

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

33. Janet runs a factory which produces 1 million bread rolls every day. It requires a large amount of flour, and for this to be delivered regularly- in time with manufacturing operations. There are very few suppliers in the market place that can deliver the quality of flour Janet requires in the quantities required.

Janet has just established a contract with Friendly Flour Limited - what type of supplier is Friendly Flour Limited to Janet?

34. A local government procurement team is undertaking a full review of their current internal working processes. The team of buyers currently have a partnership-style relationship with their routine suppliers.

Is this the best relationship style to use?

35. 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 standardized.

Is this TRUE or FALSE?

36. 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?

37. Price fluctuations can affect profitability. Is this statement correct?

38. 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?

39. A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyze its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result.

Which of the following STEEPLED factors is most likely to have the greatest effect?

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

Is this statement TRUE?