CIPS L4M6 Supplier Relationships Exam Practice Test

[Relationship approaches and the sourcing process]

Intellectual Property Rights (IPR) include items such as copywrite and trademarks. A buyer is considering entering into a partnership with their supplier to create a new product which will be released in two years' time. Should IPR be included into a contract between partners?

[Relationship approaches and the sourcing process]

The Managing Director of XYZ Ltd has asked the Procurement Manager to support the engineering team and ensure a new product design is suitable for volume manufacturing. The Procurement Manager arranged a series of meetings with suppliers and its internal development team, the XYZ manufacturing department, and research and development department to get their feedback on the proposed design. What are the activities undertaken by XYZ Ltd called?

Early supplier involvement

Benchmarking

Cross-organisational involvement

Subcontracting

[Relationship approaches and the sourcing process]

Which of the following are not stages of team development? Select TWO.

[Relationship approaches and the sourcing process]

Kyle Crant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over 10,000. What is the primary aim of this policy?

[Relationship approaches and the sourcing process]

What is value mapping?

[Relationship approaches and the sourcing process]

Mendelow's Stakeholder Matrix categorises stakeholders into four groups and provides insight into how these stakeholders should be managed. What is a limitation to using this Matrix to categorise stakeholders?

[Relationship approaches and the sourcing process]

Danny is procuring a new IT software, which he doesn't know much about. He has done a bit of research on the internet but is still unsure how much he can expect to pay. What should be Danny's next step?