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CIPS - Supplier Relationships (L4M6) paper *6.
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1.
What is one key distinction between single sourcing and sole sourcing?
2.
In the context of Porter’s value chain framework, which of the following represent support activities for a copier manufacturer? Select THREE that apply.
3.
When does forward integration take place in a business strategy?
4.
Which procurement strategies are best suited for acquiring OEM doors, which account for 3% of the total spend for Hinges Ltd. in building timber houses like vacation homes, villas, and apartments, but have unique specifications limiting supplier options? Switching suppliers is fairly easy for this material.
1. Use competitive tendering for the best short-term deal
2. Seek alternative suppliers
3. Leverage e-auction
4. Secure a contract to ensure availability
5.
What distinguishes Lean supply chains from Agile supply chains?
6.
Boadbased is considering a partnership with Wiper land and stresses the importance of selecting the right partnership model. Which factors are key to determining the partnership type?
1. Partnership components
2. Partnership facilitators
3. Partnership drivers
4. Pareto analysis
7.
As the procurement team prepares for a negotiation with a key supplier, they need to determine the acceptable price range. To do so, they must calculate the supplier’s cost elements, drivers, and profit margin. What should they do nex
8.
A European public housing agency, in preparation for a housing project, is looking for new suppliers. The team is concerned about limited supplier participation in the tender process and potential loss of value. Which tools can help evaluate the pool of potential suppliers? Select TWO.
9.
When multiple businesses collaborate to pool resources for a specific goal, this is known as...?
10.
Ice LTD, a company specializing in refrigeration systems for skating stadiums, needs a unique part for its systems, which is patented and only produced by one supplier. What can Ice LTD do to potentially broaden the supplier pool?
11.
Under which conditions should an organization consider a supplier partnership strategy? Select THREE applicable scenarios.
12.
Cleanse Ltd. produces Toothpaste but faces issues with aging production equipment requiring increased maintenance. As the company discusses purchasing new machinery, what factors may impede the decision to invest? Select TWO.
13.
Optimizing the value chains of suppliers can create mutual benefits for both the purchasing organization and suppliers. This interconnected web of organizations is commonly referred to as...?
14.
In which phase of team development do team members usually express frustration about obstacles to their personal or team progress
15.
According to the Kübler-Ross change curve, what are the initial reactions when someone resists change?
16.
Why did the partnership between Dandora Ltd., the main contractor for Olympic facilities, and the subcontractor supplying cement fail? Despite an agreement, the subcontractor failed to meet Dandora's needs, providing poor-quality cement or ignoring requests.
17.
Which of the following best illustrates early supplier engagement?
18.
The Transfer of Undertakings (Protection of Employment) Regulations govern which of the following?
19.
What accurately describes negotiated tendering?
20.
What best describes the process of reviewing and auditing a partnership?
21.
JSC owns and has awarded a 20-year concession for operating a hydroelectric plant. Despite repeated inquiries, AESUK, the recipient of the concession, did not disclose the asset's value. Both parties chose alternative dispute resolution (ADR) methods involving a neutral third party. Which methods fall under ADR?
1. Negotiation
2. Arbitration
3. Mediation
4. Litigation
