A partnership relationship in portfolio analysis is appropriate for which category of procurement?
Answer(s): D
Partnership relationships are typically used for strategic critical items where the product is essential to operations, and the supplier's input significantly impacts success. These relationships are nurtured through mutual trust and collaboration to mitigate supply risk and ensure long-term value.
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?
High expenditure levels and the complexity of requirements justify partnership sourcing, as it allows for collaborative problem-solving, innovation, and cost-efficiency. CIPS emphasizes that partnerships are ideal when requirements are complex and require expertise from the supplier.
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?
Answer(s): C
The relationship qualifies as a partnership due to their collaboration, shared investments, and mutual efforts toward improvement, regardless of the absence of formal contracts. Partnerships focus on shared goals, trust, and strategic alignment rather than mere documentation.
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?
Answer(s): B
Technological factors play a pivotal role in IT equipment supply chains. Advancements, obsolescence, and innovation significantly affect production, cost, and competitiveness, making it a primary focus in supply chain development.
Post your Comments and Discuss CIPS L4M6 exam prep with other Community members:
Chiara Commented on January 26, 2025 Really supportive Anonymous
mary Commented on January 13, 2025 very helpful Anonymous
Michelle Commented on December 27, 2024 very helpful website UNITED KINGDOM
Marial Manyang Commented on July 26, 2023 Please provide me with these dumps questions. Thanks Anonymous
Marial Manyang Commented on July 26, 2023 please provide me with these dumps questions. thanks Anonymous
We’re offering these study questions to support your success. The least you can do? Drop a useful comment about each question. Help others. Build the community.