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CIPS Supplier Relationships Sample Questions (Q39-Q44):

NEW QUESTION # 39
Robbie is a procurement manager at a public sector organisation. He is running a tender which is worth £2m and so will advertise this on OJEU. His manager has reminded Robbie to include CPV codes on the tender.
What purpose would this serve?

A. To ensure more suppliers bid for the tender
B. To ensure suppliers can find the opportunity
C. To ensure only qualified suppliers bid for the tender
D. To ensure suppliers know the deadline for tender submission

Answer: B

Explanation:
CPV codes help suppliers find opportunities they can bid for. CPV codes are a numerical classification for products e.g. Strawberry Jam is 15332296 and when they are included on a Tender, any supplier who is registered with that same CPV code will get a notification that the tender is live. CPV codes arediscussed on p.
72 but not in much detail- so don't worry if you don't know much about them. So long as you know the above, you'll be fine.

NEW QUESTION # 40
Partnership relationships are long-term relationships without a defined end period. Is this statement TRUE?

A. Yes- partnerships do not have end dates because there is never a contract involved
B. No- partnerships have end dates as they are contractual relationships
C. Yes-partnerships do not have end dates because they involve significant investment
D. No- partnerships should have end dates so both parties have a way out if things don't work out

Answer: C

Explanation:
The correct answer is 'Yes-partnerships do not have end dates because they involve significant investment'. This is explained on p.126. Partnerships can involve contracts - so the other 'yes' answer is incorrect.

NEW QUESTION # 41
Which of the following relationship types require the most investment from the buyer?

A. strategic alliance
B. partnership
C. single source
D. adversarial

Answer: B

Explanation:
Partnerships require the most investment out of those listed. The only relationship type that requires more investment than Partnerships is Co-Destiny. See p.9 for more information on this

NEW QUESTION # 42
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?

A. Batch ordering
B. Using several suppliers instead of one
C. Sharing up-to-date information
D. Issuing POs electronically.

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 thequestion 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 # 43
Which of the following are examples of ways in which businesses can add value? Select THREE that apply.

A. Product features and benefits
B. Creating a win-win price
C. Investing in customers
D. Through delivering excellent service
E. Offering convenience
F. Reducing customer service levels

Answer: A,D,E

Explanation:
Adding value involves enhancing customer experience through excellent service, providing differentiated product features, and offering convenience. These align with procurement strategies aimed at driving customer satisfaction and loyalty.

NEW QUESTION # 44
......

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HOT L4M6 Dumps Discount 100% Pass | The Best CIPS Exam CIPS Supplier Relationships Torrent Pass for sure

Exam L4M6 Torrent | L4M6 Exam Dumps Collection

CIPS Supplier Relationships Sample Questions (Q39-Q44):

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