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[General] Pass Your CIPS L4M6: CIPS Supplier Relationships Exam with Authorized Dumps L4M6

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【General】 Pass Your CIPS L4M6: CIPS Supplier Relationships Exam with Authorized Dumps L4M6

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CIPS Supplier Relationships Sample Questions (Q242-Q247):NEW QUESTION # 242
What is the correct order for the 5 stages of team development?
  • A. Norming, adjourning, storming, performing, forming
  • B. Storming, norming, adjourning, performing, forming
  • C. Forming, storming, performing, adjourning, norming
  • D. Forming, storming, norming, performing, adjourning
Answer: D
Explanation:
Comprehensive and Detailed Explanation:
Bruce Tuckman's model of team development outlines five stages:
* Forming- Team members get acquainted and establish ground rules.
* Storming- Members begin to communicate their feelings but still view themselves as individuals rather than part of the team.
* Norming- People feel part of the team and realize that they can achieve work if they accept other viewpoints.
* Performing- The team works in an open and trusting atmosphere where flexibility is the key and hierarchy is of little importance.
* Adjourning- The team conducts an assessment of the year and implements a plan for transitioning roles and recognizing members' contributions.
Reference:
CIPS L4M6 Study Guide

NEW QUESTION # 243
The executive board of a manufacturing company is requesting support from the procurement team because the company needs to improve its levels of profitability. After segmenting the overall spend by value and risk of supply, the senior buyer for the company is planning to undertake a cost modelling activity. This will be undertaken with a cross-organisational team of internal stakeholders and key strategic suppliers. What would be the buyer's initial objective from the cost modelling activity?
  • A. To understand the supplier's competitive threats
  • B. To understand the supplier's pricing strategy
  • C. To understand the supplier's investment plans
  • D. To understand the supplier's financial status
Answer: B
Explanation:
The primary objective of cost modelling is to dissect and comprehend the components that constitute a supplier's pricing. By understanding the supplier's pricing strategy, the buyer can identify cost drivers, negotiate more effectively, and seek opportunities for cost savings. This approach aligns with the CIPS L4M6 guidelines, emphasizing the importance of transparency and collaboration in supplier relationships.

NEW QUESTION # 244
Togo Bongos is a manufacturer of percussion instruments, in particular of bongo drums. It requires electricity to run its factories and this is a major factor of cost impact. There are lots of suppliers of electricity in the market and there is no switching costs if Togo Bongos wanted to switch suppliers. What type of supplier is Togo Bongo's electricity supplier?
  • A. strategic
  • B. leverage
  • C. bottleneck
  • D. routine
Answer: B
Explanation:
This is a leverage supplier on the Kraljic Matrix; high cost impact and low risk impact. The diagram on p.20 gives the example of utility services such as electricity as a common leverage supplier. There are lots of questions on Kraljic in the exam - do revise this topic and ensure you understand each of the four quadrants of the matrix

NEW QUESTION # 245
Why is it more difficult for buyers in the public sector to build relationships with suppliers?
  • A. Buyer power is strong in the public sector
  • B. There are regulations prohibiting public sector buyers from developing relationships
  • C. Buyer power is weak in the public sector
  • D. There are regulations that state competitive tender processes must be undertaken regularly
Answer: D
Explanation:
It can be difficult for buyers in the private sector to build relationships with suppliers because of rules that state competitive tenders must be undertaken every few years (within the EU this is usually every 4). This means that both parties aren't as invested in developing the relationship as it's possible the contact will end shortly. Competitive tendering is a requirement in the public sector to ensure value for money for taxpayers.
See p.79 for further details. There are no rules stating Public Sector organisations can't have good relationships with suppliers, and in fact most will have good relationships with their current suppliers- the issue is that neither party can get too invested in the relationship as everyone knows it may end shortly. There are rules, however, against entering into Partnership relationships (which is discussed in chapter 3).

NEW QUESTION # 246
Rachel and Jacky work in the procurement department of Foddy Foods Ltd. They have been told by their CEO to build better relationships with strategic suppliers as this will create value for money for the company. In what ways can value for money be achieved by building strong relationships with suppliers? Select TWO.
  • A. Reduction of waste
  • B. Reducing costs
  • C. Better payment terms
  • D. Innovation developed as part of collaborative projects
Answer: A,D
Explanation:
Supplier relationships can result in value for money in the reduction of waste and in innovation developed as part of collaborative projects. Remember that in CIPS waste doesn't necessarily mean physical waste (as in stuff you don't want any more). There are 7 types of waste including waiting, inventory, transportation etc. So when you develop a relationship with a supplier, this can reduce waste (e.g. you may be able to get deliveries quicker by integrating your ordering system with the supplier's, or you might reduce transportation by agreeing a Consignment stock). Having a good relationship with a supplier isn't necessarily going to get you a reduction in cost or better payment terms. See p.70 for more details on this- there's a short list of ways in which good supplier relationships can bring value for money to a business.

NEW QUESTION # 247
......
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