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[General] L4M6 Test Answers - L4M6 Questions

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【General】 L4M6 Test Answers - L4M6 Questions

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CIPS Supplier Relationships Sample Questions (Q224-Q229):NEW QUESTION # 224
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.
  • A. employees
  • B. customers
  • C. suppliers
  • D. end-users
  • E. legal department
Answer: A,D,E
Explanation:
Internal stakeholders are those who work within the business so include the legal department, employees and end-users. End-users mean those people and departments who will be using the product or service. For example if Gabriel is procuring new software- an end-user would be anyone who would be using that software (whether they're employees, volunteers or agencies). CIPS outlines types of stakeholders on p.64

NEW QUESTION # 225
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?
  • A. It is important to keep the CEO satisfied as he runs the business
  • B. It is important to keep the CEO informed of all decisions that are made
  • C. The CEO is a key player- so it is important he is involved early in the process
  • D. The CEO is a key player- so should be given regular updates on progress
Answer: C
Explanation:
The correct answer is 'The CEO is a key player- so it is important he is involved early in the process'. The CEO has high power and high interest which puts him in the top right-hand corner of Mendelow's Stakeholder Matrix (p.81). CIPS says Key Players should be involved early in the procurement process (p.82).

NEW QUESTION # 226
A 'synergy' within a partnership can lead to what?
  • A. Increased costs
  • B. Miscommunications
  • C. Greater creativity
  • D. Poor performance
Answer: C
Explanation:
The correct answer is 'greater creativity'. A synergy is the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts. P.160

NEW QUESTION # 227
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?
  • A. Clear Procurement Vocabulary
  • B. Complete Procurement Vocabulary
  • C. Condensed Procurement Vocabulary
  • D. Common Procurement Vocabulary
Answer: D
Explanation:
CPV stands for Common Procurement Vocabulary. This is explained briefly on p.72 but it doesn't really go into much detail as to what CPVs are or how they work. CPVs are a string of numbers which refer to an object that is being procured. For example the CPV for Fire Doors is 44221220. When a Tender gets advertised for Fire Doors, it will have this CPV code on, and any suppliers who provide fire doors will get a notification if they have this CPV code on their profile. It's basically a code that links suppliers with tender opportunities.

NEW QUESTION # 228
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.
  • A. employees
  • B. customers
  • C. suppliers
  • D. end-users
  • E. legal department
Answer: A,D,E
Explanation:
Internal stakeholders are those who work within the business so include the legal department, employees and end-users. End-users mean those people and departments who will be using the product or service. For example if Gabriel is procuring new software- an end-user would be anyone who would be using that software (whether they're employees, volunteers or agencies). CIPS outlines types of stakeholders on p.64

NEW QUESTION # 229
......
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