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Free L4M6 Exam Braindumps (page: 13)

Page 12 of 46
PDF with 226 Questions

A partnership approach to a buyer-supplier relationship, as opposed to a traditional adversarial approach, would have which of the following characteristics?

  1. Greater levels of transparency
  2. Increased supplier contractual terms
  3. Specifications designed by the buyer
  4. Shared cost benefits

Answer(s): A,D

Explanation:

Partnerships are built on trust and transparency, with shared benefits such as cost reductions and improved processes. Adversarial relationships, in contrast, focus on price and contractual obligations.



Hungry Sandwich Co. produces over 5,000 freshly made sandwiches on-site every day. The main ingredient that Hungry Sandwich Co. buys is bread. It is the item they spend the most money on, and they have a long-term partnership agreement with a local bakery to manufacture and supply fresh bread every morning. Using a supplier positioning matrix, which is the appropriate category for bread for Hungry Sandwich Co.?

  1. Non-critical
  2. Bottleneck
  3. Abundant
  4. Strategic

Answer(s): D

Explanation:

Bread is a strategic item due to its high spend and critical role in daily operations. A partnership approach ensures consistent quality and reliability, aligning with strategic supplier management principles.



Kyle Grant 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?

  1. To deliver an agile process
  2. To ensure value for money is achieved
  3. To allow procurement to select the lowest price
  4. To enable a reduction in competition

Answer(s): B

Explanation:

Obtaining multiple quotations ensures value for money by comparing suppliers based on cost, quality, and other criteria. It promotes competitive pricing and informed decision-making.



Rivalry between suppliers is more likely to be intense in which of the following situations?

  1. 1 and 2 only
  2. 2 and 4 only
  3. 1 and 3 only
  4. 1 and 4 only

Answer(s): B

Explanation:

Intense rivalry occurs when suppliers are equally balanced and face high barriers to exit, leading to aggressive competition to retain market share, as described in Porter's Five Forces model.






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