CIPS Supplier Relationships L4M6 Exam Practice Test

[Relationship approaches and the sourcing process]

A restricted market is a market where there are only a small number of capable and competent suppliers. Which of the following is not a reason for a marketplace to be restricted?

[Relationship approaches and the sourcing process]

Which of the following are advantages for the buyer of early supplier involvement with the buyer's product development team?

[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]

Fred is a new procurement manager at a large engineering firm. They procure 100s of components and use these to make kitchen appliances such as kettles and toasters. He has been asked by his manager to look into procuring a new component which will go into a new environmentally friendly kettle and has been asked to ensure that the firm receives value for money. What should Fred do?

[Relationship approaches and the sourcing process]

David is sourcing a new cleaning contract as he is not impressed with his current cleaning company's performance. He believes that his current supplier has been overcharging him, and due to budget cuts, he is keen to secure a lower price than what he is paying now. His Manager has suggested using an e-auction as the procurement method. Is this the correct way forward?

[Contractual approaches in supplier relationships]

Which of the following options are legitimate reasons for terminating a contract? Select TWO that apply.

[Relationship approaches and the sourcing process]

A local council requires facilities management services for ten schools based in their region. This service is a high spend, high risk, critical contract. Which sourcing approach would be the most appropriate?