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Free L4M6 Exam Braindumps (page: 6)

Page 5 of 46
PDF with 226 Questions

A buyer has a requirement to purchase 1,000 widgets for a manufacturing company. The widgets are critical for the next stage of the manufacturing process.
What would be the key selection criterion for this buyer?

  1. Ability to deliver by the deadline
  2. Ability to produce low-cost widgets
  3. Ability to meet ISO standards
  4. Ability to add value to the order

Answer(s): A

Explanation:

Timely delivery is essential to prevent disruptions in critical manufacturing processes.
While cost and standards are important, they are secondary when urgency and dependency are high.



Under which circumstances would a partnership sourcing approach be used?

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

Answer(s): B

Explanation:

Partnership sourcing is ideal for high-spend, high-risk situations where collaboration mitigates risks and maximizes value through innovation, efficiency, and trust.



Which of the following are features of a partnership sourcing relationship compared with a traditional adversarial relationship? Select TWO that apply.

  1. Emphasis on quality with zero defects
  2. Emphasis on the lowest price
  3. Emphasis on inspection of incoming supplies
  4. Emphasis on short-term relationship
  5. Emphasis on long-term relationship

Answer(s): A,E

Explanation:

Partnerships emphasize mutual goals such as quality improvement and long-term collaboration, contrasting with adversarial relationships that focus on cost and short-term gains.



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?

  1. Yes, customers may switch to alternative products
  2. Yes, there are no barriers to entry; it is an oligopoly
  3. No, it does not serve the same purpose
  4. No, it is a threat from a new entrant to the market

Answer(s): A

Explanation:

Substitute products pose a competitive threat by offering alternative solutions to customers, potentially eroding market share. Effective differentiation and customer retention strategies are essential.






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