CIPS – Supplier Relationships (L4M6) paper *6 Leave a Comment / By Admin / May 7, 2024 Before you begin ✍️ You are about to practice the questions set for CIPS - Supplier Relationships (L4M6) paper *6. Please put away any distractions and focus all your efforts on passing. ⏱️Time limit: 1 hour 30 minutes At the end of your examination practice, you will 📝 View your grade ✅ View the correct answers NOTE: The answers provided haven't been verified by an official CIPS-affiliated entity, therefore consider discussing your concerns with the instructor or fellow students for clarification. To begin your exam practice, wait a few seconds for the start button to appear, then tap the START button. "We're rooting for you all the way!" All the best. 😃 1. One of the major differences between single sourcing and sole sourcing is that...? The buying organisation becomes dependent on suppliers in sole sourcing In single sourcing, the company deliberately buys from just one supplier who is not monopolist Single-sourcing only requires short-term relationship between buyer and supplier Only sole sourcing can expose the purchasing firm to a high level of risk from supply disruptions and operational difficulties None 2. In Porter's value chain framework, which of the subsequent options exemplify support activities for a copier manufacturer? Choose THREE that are applicable. Inventory control Development of personnels Spare parts supply to buyers Formulating policies for total quality management Equipment maintenance and testing Managing supplier's performance 3. Forward integration occurs when a company merges with or acquires another... In another industry Towards the consumer At the same stage of the supply chain Towards the source of supply None 4. Which of the following procurement strategies are suitable for acquiring OEM doors, a material used by SKE Ltd in constructing timber houses, including vacation homes, villas, and apartment buildings? These doors constitute a small portion of the total expenditure (only 3%) but have unique specifications that limit the pool of capable suppliers. Supplier switching for this material is relatively straightforward. 1. Obtain best short-term deal by using competitive tendering2. Look for alternatives3. Leverage the use of e-auction4. Contract to ensure availability 1 and 4 only 2 and 4 only 2 and 3 only 1 and 3 only None 5. What stands as a point of contrast between Lean and Agile supply chains? Lean supply chains require wider network of suppliers Agility means to be more responsive to profitable opportunities in the marketplace In Lean supply chain, the majority of stock is held as ‘work in progress’ awaiting build/configuration instructions Firms applying agile supply chains strive for perfection by continually removing successive layers of waste None 6. AlliedSignal proposes a collaboration with SeaLand, emphasizing the importance of selecting the appropriate partnership model for success. The determination of the partnership type primarily hinges on comprehending which factors? 1. Partnering components2. Partnership facilitators3. Partnership drivers4. Pareto analysis 4 and 3 only 1 and 4 only 2 and 4 only 2 and 3 only None 7. As the procurement team prepares for the upcoming negotiation with a key supplier, they aim to ascertain the acceptable cost and price range. To achieve this, they must calculate the supplier's cost elements, cost drivers, and profit margin. What steps should the procurement team take next? Cost leadership Profitability ratios Cost modeling ABC analysis None 8. In preparation for their upcoming housing project, a European public housing agency seeks new suppliers. Concerns arise among the project team regarding the limited participation of suppliers in the tendering process and the potential compromise on value for money. What tools could aid the housing agency in evaluating the market's pool of potential suppliers? Choose TWO applicable options. Prior information notice (PIN) Framework agreements Pre-qualification questionnaire Standard terms and conditions Common procurement vocabulary (CPV) codes 9. When two or more businesses opt to pool their resources to achieve a specified objective, this exemplifies...? Competitive tendering Negotiated tendering Spot buying Joint venture None 10. FreezeIT, a prominent company specializing in setting up refrigeration systems for skating stadiums, requires a unique part for its systems. The procurement manager discovers that only one supplier produces this part due to holding a patent for the technology. What action could FreezeIT take to potentially broaden the opportunity for new suppliers? Adopt performance specifications Exercise competitive tendering Undertake sole sourcing with current supplier Concentrate the purchase volume None 11. What circumstances might prompt the purchasing organization to view a partnership with the supplier as an appropriate strategy? Choose THREE applicable scenarios. Where the requirement is ad hoc Where there is only a small number of capable and competent suppliers in the market Where the buyer needs to outsource some non-core activities Where the items to be sourced are routine according to Kraljic portfolio matrix Where innovation is required to shorten time to market Where the requirements are technically complicated 12. XYZ Ltd, a renowned producer of product A, finds itself in a predicament concerning its aging production machinery, which demands increased maintenance. As XYZ leaders convene to deliberate on the prospect of acquiring new machines, divergent opinions surface regarding the costs, benefits, and risks associated with this investment. What are the primary factors likely to impede change within XYZ Ltd? Choose TWO applicable considerations. Staff frightened of new technology High training costs High training costs High throughput manufacturing improved productivity by using new machinery 13. Through optimizing the value chains of its suppliers, a purchasing entity can secure benefits, while the suppliers themselves also capitalize on the interconnections with other collaborating organizations. This interlinked web of organizations is commonly termed as...? Partenership relaTIONSHIPS Internal networking Value network Linkages within the value chain None 14. During which phase of team development do team members typically express discontent over constraints hindering their individual or collective advancement? Performing Storming Norming Forming None 15. According to the Kübler-Ross change curve, what are the initial reactions typically observed when an individual resists change? Anger and depression Shock and denial Anger and denial Acceptance and integration None 16. "Why did the relationship between DOA Ltd, the main contractor tasked with constructing multiple Olympics facilities, and the subcontractor supplying cement fail? Despite an agreement, the subcontractor failed to meet DOA's requests for cement supply, delivering subpar quality or ignoring requests altogether, leading to the eventual termination of the contract." Lack of commitment Abundant information A careful vendor qualification The use of performance specification None 17. "Among the options provided, which one demonstrates the greatest degree of early supplier engagement?" Buyer fully develops the conformance specification by fin itself Buyer decides the specification based on discussions with supplier Supplier takes full responsibility from concept to manufacture based on buyer's performance specification Both parties make joint decisions regarding designs and specifications None 18. The Transfer of Undertakings (Protection of Employment) Regulations govern which aspects of the following? Nation-wide minimum wage Employee protection when their employer changes as a result of a transfer. Employee transfer between businesses Employer protection from employee claims in connection with a transfer. None 19. "Which statement accurately describes negotiated tendering?" Ask one supplier to complete the task Appropriate for the contract with basic requirement Many providers can fulfill the requirement Commonly applied for regular buying agreements None 20. What statement accurately describes reviews and audits of the partnership? Audit report should be kept away from the implementation team Both evaluating performance and auditing project should assist the process of learning from experience Project audit should be carried out by the project implementation team Reviews of the partnership should be undertaken solely by the buying organisation None 21. JSC owned and awarded a 20-year concession to operate a hydroelectric plant and its equipment for hydroelectric energy production, with AESUK as the concession's recipient and lessee. Despite JSC's multiple inquiries about the concession asset's value, AESUK did not provide a response. Consequently, both parties opted for an alternative dispute resolution (ADR) approach involving a neutral third party. Which of the following are examples of such methods? 1. Negotiation2. Arbitration3. Mediation4. Litigation 2 and 4 only 3 and 4 only 1 and 2 only 2 and 3 only None Your comment matters to us😊. Please share your experience. Please proceed to view your grade. Fingers crossed🤗 Time's upTime is Up! "✨Spread success—share these past papers and empower others to excel!✨" Whatsapp Telegram Facebook 0 Twitter Wechat Linkedin 0 Post navigation Previous CIPS – Supplier Relationships (L4M6) paper *5 Next CIPS Supplier Relationships (L4M6) paper *1 Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name* Email* Website Save my name, email, and website in this browser for the next time I comment. Δ
