Free CIPS L4M6 Exam Dumps Questions & Answers

At what stage of the relationship cycle could you use Carter's 10 Cs?

• A.  development and innovation
• B.  on-boarding
• C.  qualification
• D.  segmentation and risk management

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?

• A.  Issue an ITT
• B.  Issue an OJEU
• C.  Issue a RFQ
• D.  Issue a RFI

In the 1990s, a manufacturer of portable music players partnered with a mini-disk producer. The aim of the partnership was to reduce the size and cost of the devices and enhance flexibility. Sales of the product after launch were low due to a competitive launch of small digital players, which offered better flexibility to customers at a comparable price. The partners suffered substantial loss and never recovered the investment. In order to mitigate the risk described, what should both partners have considered before investing in the product? Select the TWO that apply.

• A.  New substitute technology
• B.  Cost of investment
• C.  Fast charging markers
• D.  Customer price expectation
• E.  Legal implication of partnering

The executive board of a manufacturing company is requesting support from the procurement team because the company needs to improve its levels of profitability. After segmenting the overall spend by value and risk of supply, the senior buyer for the company is planning to undertake a cost modeling activity. This will be undertaken with a cross-organizational team of internal stakeholders and key strategic suppliers. What would be the buyer's initial objective from the cost modeling activity?

• A.  To understand the supplier's financial status
• B.  To understand the supplier's investment plans
• C.  To understand the supplier's competitive threats
• D.  To understand the supplier's pricing strategy

Supplier development should be undertaken with all suppliers that a buyer uses. Is this statement TRUE?

• A.  yes- it is important to develop all relationships
• B.  yes- this will improve efficiencies for the buyer
• C.  no- supplier development should only be done with tactical suppliers
• D.  no- supplier development should only be done with strategic suppliers