A common reason attributed to many partnerships failing is ...
Answer(s): D
Poor communication leads to misunderstandings, unmet expectations, and conflict, undermining partnerships. CIPS stresses the importance of transparent and regular communication to ensure alignment and success.
Which of the following are advantages for the buyer of early supplier involvement with the buyer's product development team?
Early supplier involvement ensures the supplier understands process timelines and allows the buyer to leverage supplier capabilities. This improves product development efficiency and enhances outcomes.
Philip is working with a supplier where the annual spend is low but the market risk is high. What portfolio analysis category would be appropriate?
Bottleneck items pose high risk despite low spend. Effective management of these suppliers minimizes supply chain disruptions, aligning with portfolio analysis strategies.
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?
Answer(s): B
Setting minimum standards helps filter suppliers efficiently, ensuring that only capable and reliable suppliers are considered. This approach supports both cost and quality objectives.
Which one of the following is an advantage of early supplier involvement?
Answer(s): C
Early supplier involvement highlights supplier strengths and capabilities, enabling collaborative development. This supports innovation and optimizes the procurement process.
Post your Comments and Discuss CIPS L4M6 exam dumps 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 practice questions questions. Thanks Anonymous
Marial Manyang Commented on July 26, 2023 please provide me with these dumps questions. thanks Anonymous
Our website is free, but we have to fight against bots and content theft. We're sorry for the inconvenience caused by these security measures. You can access the rest of the L4M6 content, but please register or login to continue.