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CIPS Level 4 Diploma in Procurement and Supply L4M6 Updated Exam

Page: 5 / 9
Total 180 questions

Supplier Relationships Questions and Answers

Question 17

Pablo has run an open- competition to secure a new contract for a supplier of paper for his Birthday Card making company. He has received 10 submissions from various suppliers and needs to put a team together to evaluate the bids. What type of team should Pablo consider?

Options:

A.

A team composed of internal stakeholders

B.

A cross-functional team

C.

A team of procurement experts

D.

A team composed of internal and external stakeholders

Question 18

The use of technical jargon can result in what?

Options:

A.

Misunderstanding

B.

Lack of trust

C.

Increased price

D.

Lack of transparency

Question 19

One of the fist stages of designing a Partnership is to come up with joint KPIs. These should be:

Options:

A.

Measurable, achievable and time-bound

B.

Relatable, specific and measurable

C.

Time bound, difficult and relevant

D.

Significant, measurable and achievable

Question 20

Red Ltd and Blue Ltd have had a disagreement over a high value project they have been partnering on. They have been unable to resolve the issues inhouse and Red Ltd has suggested Mediation as an option. Is this a good option?

Options:

A.

Yes- mediation involves a neutral third party and gets both parties to attempt to reach a compromise

B.

Yes- mediation means the buyer and supplier agree to accept a third party’s decision which will solve the disagreement issues

C.

No- it would be better to solve the disagreement in-house

D.

No- mediation could have a negative impact on the companies’ reputation

Page: 5 / 9
Total 180 questions