CIPS Level 4 – Diploma In Procurement And Supply Module 6 .

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CIPS Level 4 – Diploma in Procurement andSupplyModule 6 – Supplier RelationshipsSAMPLE EXAM QUESTIONSOBJECTIVE RESPONSE QUESTIONS AND ANSWERSThe correct answer will be identified as [key]1Leading global excellence in procurement and supplyL4M6 Sample Exam Questions Dec 2018

Q1. Which of the following would limit the buyer's potential to take advantage from brand new entrants to amarket? If the buyer sets minimum requirements relating to a. employee qualificationsb. insurance provisionc. profit historyd. technical capabilityLO: 1AC: 1.3Q2. In a recently created team, people start to push against the established boundaries and there is a conflictbetween team members' working styles causing some people to feel frustrated. This team is at which stage of itsdevelopment?a. Formingb. Normingc. Performingd. StormingLO: 2AC: 2.2Q3. Which of the following are most typically used between stakeholders in respect of IPR?a. Non-disclosure agreementsb. Exclusion clausesc. Patent termsd. Secrecy Act conditionsLO: 2AC: 2.4L4M6 Exam Exemplar Questions Dec 20182

Q4. An engineering company (EngCo) is becoming concerned by the reducing number of its potential suppliers ofcomponents of X2ZZ, which is vital to the manufacture of its leading products. Over the years a number of suppliershave merged and some have exited the market. Which of the following actions might open up new suppliers toEngCo through substitute products?a. Change the specificationb. Ease the commercial termsc. Shorten the supply chaind. Relax quality assuranceLO: 1AC: 1.3Q5. A leading pharmaceutical company (PharmCo) is concerned about the impact of market changes on its productportfolio. Following a recent review it has highlighted both the tightening regulatory regime around consumerprotection and exchange rate volatility as two key threats. The factors of most concern to PharmCo are a. legislative and economicb. political and environmentalc. economic and politicald. environmental and legislativeLO: 1AC: 1.3Q6. Auto Group (AG) is an automotive manufacturer. It is an established business with a strong market share in itschosen markets, providing vehicles in the mid-range quality segment. AG has decided to launch a new low-specvehicle range in the economy vehicle segment. Its strategy is to price low, which it can do because it can producethe vehicles relatively cheaply due to its previous investments in technology. Its source of competitive advantage isbased on which recognised approach?a. Product differentiationb. Cost leadershipc. Brand differentiationL4M6 Exam Exemplar Questions Dec 20183

d. Cost reductionLO: 1AC: 1.3Q7. Risk management in procurement and supply fundamentally focuses on understanding which of the following?1. Security2. Reward3. Probability4. Impacta. 1 and 3 onlyb. 2 and 4 onlyc. 3 and 4 onlyd. 1 and 2 onlyLO: 2AC: 2.3Q8. A procurement officer is creating award criteria for a competitive tender and has decided to evaluate suppliersbased on price and the suppliers' method statement for delivering the specification. Is this appropriate?a. Yes, because a method statement is a requirement in all tendersb. No, because there must be more than two evaluation criteriac. No, because method statements are not easy to evaluated. Yes, because these both relate directly to the execution of the contractLO: 2AC: 2.1L4M6 Exam Exemplar Questions Dec 20184

Q9. Effective cost modelling involves which of the following? Select the THREE that applya. Supplier negotiationb. Continuity planningc. Differential pricingd. Data gatheringe. Data analysisf. Identify driversLO: 2AC: 2.3Q10. Which of the following are recognised conflict resolution approaches when dealing with key internalstakeholders, where a resolution must be agreed? Select TWO that applya. Avoidingb. Compromisingc. Accommodatingd. Maintaininge. DefendingLO: 2AC: 2.2L4M6 Exam Exemplar Questions Dec 20185

CIPS Level 4 – Diploma in Procurement and Supply . Module 6 – Supplier Relationships . SAMPLE EXAM QUESTIONS . OBJECTIVE RESPONSE QUESTIONS AND ANSWERS . The correct answer will be identified as [key] 2 L4M6 Exam Exemplar Questions Dec 2018 . Q1. Which of the following would limit the buyer's potential to take advantage from brand new entrants to a market? If the buyer sets minimum .

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