L4M6 Supplier Relationships Dumps

1. Download Valid L4M6 Exam Dumps for Best Preparation Exam : L4M6 Title : Supplier Relationships https://www.passcert.com/L4M6.html 1 / 6

2. Download Valid L4M6 Exam Dumps for Best Preparation 1.Which of the following are typical drivers for a partnership between the buyer and the supplier? Select the THREE that apply. A. The buyer has a high spend with the supplier B. There are many suppliers in the market C. The product is critical for the buyer D. The product is a commodity E. The product is technically complex F. The supplier provides the product to a buyer’s competitor Answer: A,C,E 2.Which of the following options are legitimate reasons for terminating a contract? Select TWO that apply. A. You ordered 10,000 items instead of 1,000 B. One of the contracted parties has clearly failed to perform its duties C. There has been a serious breach of contract terms D. Your internal stakeholder requested the wrong items E. Your MRP system placed a replenishment order that you do not need Answer: B,C 3.Products or services that are more suitable for partnership sourcing match which of the following criteria? A. 1 and 2 only B. 2 and 3 only C. 1 and 3 only D. 2 and 4 only Answer: A 4.Stephen Jones is assessing the relationships he has with his supplier base. Which of the following would be drivers for Stephen to adopt a partnership relationship with a supplier? A. 1 and 2 only B. 2 and 3 only C. 1 and 4 only D. 2 and 4 only Answer: D 5.Sugar Doughnut Ltd has a jam supplier that they have used successfully for over ten years. They have made investments in the supplier’s factory to support them with capital equipment upgrades in return for cost reduction on jam. The two companies also collaborate on bids for large supermarkets when looking to supply doughnuts and work together on quality improvements. No contracts exist between the two companies. Could this relationship be said to be a partnership relationship? A. No, because contracts do not exist between the two companies B. No, because they have only worked together for ten years C. Yes, because they have demonstrated close collaboration on various projects D. Yes, because they both operate in the food sector 2 / 6

3. Download Valid L4M6 Exam Dumps for Best Preparation Answer: C 6.A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyze its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. Which of the following STEEPLED factors is most likely to have the greatest effect? A. Sociocultural B. Technological C. Economic D. Ethical Answer: B 7.An amicable style approach to ending a buyer-supplier relationship would be most appropriate in which of the following circumstances? A. 1 and 2 B. 1 and 3 C. 3 and 4 D. 1 and 4 Answer: A 8.When a large organization partners with a small supplier to develop new technology, it is necessary for regular communication. Is this statement true? A. No, because partnerships do not require regular communication during development of new technology B. Yes, because partnerships require regular communication to succeed in meeting mutual objectives C. Yes, because a small supplier must be told what to do and when, because they have fewer employees D. No, because regular communication will stop a small supplier from doing their work Answer: B 9.In the STEEPLED framework, which of the following is an economic factor? A. Unemployment rates B. Demographics C. Supply chain labor standards D. Election results Answer: A 10.Price fluctuations can affect profitability. Is this statement correct? A. Yes, if the product's costs increase and the price does not B. No, only decisions made by the chief executive affect the price C. No, price is not related to profitability D. Yes, as sales may drop if the product is price inelastic 3 / 6

4. Download Valid L4M6 Exam Dumps for Best Preparation Answer: A 11.Joseph works as a category manager for a large electricity supply company. His company is one of six electricity companies in the country. All have a high annual spend on the same specifications of cable. There are only five cable manufacturers capable of supplying the cables. Joseph has established all the suppliers use the same raw materials using the same types of manufacturing lines. Prices tendered by all suppliers are very similar. After paying for the cable, Joseph’s company spends an additional 25% on moving and installing the cable. In order to enable Joseph to gain advantage over the other electricity companies, which type of supplier relationship should he adopt? A. Single-sourced B. Closer tactical C. Transactional D. Partnership Answer: D 12.Under which circumstances would a partnership sourcing approach be used? A. 1 and 2 only B. 1 and 3 only C. 1 and 4 only D. 2 and 4 only Answer: B 13.Which of the following are features of a partnership sourcing relationship compared with a traditional adversarial relationship? Select TWO that apply. A. Emphasis on quality with zero defects B. Emphasis on the lowest price C. Emphasis on inspection of incoming supplies D. Emphasis on short-term relationship E. Emphasis on long-term relationship Answer: A,E 14.A competitor develops an alternative type of vacuum cleaner to one produced by your organization. Is this an example of the threat of substitutes, one of the five forces of competition described by competitive forces theory? A. Yes, customers may switch to alternative products B. Yes, there are no barriers to entry; it is an oligopoly C. No, it does not serve the same purpose D. No, it is a threat from a new entrant to the market Answer: A 15.A local government procurement team is undertaking a full review of their current internal working processes. The team of buyers currently have a partnership-style relationship with their routine suppliers. Is this the best relationship style to use? 4 / 6

5. Download Valid L4M6 Exam Dumps for Best Preparation A. No, as there are many suppliers available B. No, as these are critical items to the buying organization C. Yes, as they present a great deal of risk to the organization D. Yes, as these are low-value items Answer: A 16.When overcoming stakeholder resistance in a procurement-led project, which of the following groups would have the highest level of influence on other stakeholders? A. 2 and 3 only B. 1 and 4 only C. 1 and 2 only D. 3 and 4 only Answer: B 17.A company is relocating its manufacturing base to a low-cost country and is considering a partnership with a local supplier for its key components rather than a tender process. Although there are some concerns regarding confidentiality and component competitiveness, the procurement director is recommending a partnership strategy to the board of directors. The recommendation is based on a range of advantages including, but not limited to, gaining local market knowledge. Is this a valid recommendation? A. No, because confidentiality risk will be higher in a partnership B. Yes, as intellectual property costs will be lower in a partnership C. No, local market knowledge is guaranteed in a tender process D. Yes, as investment costs can be shared in a partnership Answer: D 18.An automotive company has hired Tom as the procurement manager. Tom is to manage a team of two people who have worked in the department for a number of years. Conflict exists between the two members of staff due to an overlap of responsibilities. Which of the following processes would be most appropriate for Tom to use to reduce this conflict? A. Tom could avoid mentioning the conflict and hope that it is resolved without action B. Tom could hire an additional member of staff to take on some of the duties C. Tom could restructure the team so both members do not have to work together D. Tom could arrange a meeting and set performance targets for each member Answer: D 19.A common reason attributed to many partnerships failing is ... A. A bad advertising campaign B. Not winning every contract they bid for C. No contract being in place D. Poor communication Answer: D 20.Which of the following are advantages for the buyer of early supplier involvement with the buyer's 5 / 6

6. Download Valid L4M6 Exam Dumps for Best Preparation product development team? A. 1 and 2 only B. 1 and 3 only C. 2 and 3 only D. 2 and 4 only Answer: D 21.A buyer is intending to purchase a new product for their business; however, the market has a large number of suppliers. What would be the most beneficial way for them to initially narrow down the supply options? A. Look at lowest-cost suppliers only B. Predefine minimum standards suppliers must meet C. Go only to companies they have bought other products from D. Preselect companies who have the largest market share Answer: B 22.Which one of the following is an advantage of early supplier involvement? A. Supplier is responsible for all intellectual property risks B. Large investment in supplier communications C. Understanding of supplier capabilities D. No need for supplier non-disclosure agreements Answer: C 23.A law firm is ending an agreement with a client they have represented for many years. What is the most important legal consideration to be taken before terminating? A. Employee rights B. Confidentiality C. Finance D. Security Answer: B 24.When using competitive forces theory, suppliers are powerful in which of the following situations? Select THREE that apply. A. There are few substitute products B. The product is highly differentiated C. There is potential for backward integration D. The switching costs are high E. The volume purchased is not important F. The product is undifferentiated Answer: A,B,D 6 / 6