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L4M6 Exam Dumps : Supplier Relationships

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Supplier Relationships Questions and Answers

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Question 1

Value for money is often described at the ‘three Es’; economy, efficiency and effectiveness. However some people consider a 4th E which refers to the public sector. What is the fourth E?

Options:

A.

Equality

B.

Environment

C.

Equity

D.

Ethics

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Question 2

A buyer should concentrate their efforts on managing the start and onboarding stage of a supplier relationship by ...

    Keeping all information and plans confidential from the supplier

    Pre-qualifying and assessing the supplier's capability

    Focusing solely on the buying organisation's goals

    Building a positive and trusting relationship

Options:

A.

1 and 2

B.

1 and 3

C.

3 and 4

D.

2 and 4

Question 3

Early Supplier Involvement can be described as a collaborative relationship between a buyer and a supplier to develop a new project. Handfield’s model describes four different levels of supplier involvement ranging from none to ‘black box’ (which is when the design is primarily driven by the supplier. What other level features on this model?

Options:

A.

Blue Box – when the buyer creates the product without input from the supplier

B.

Red Box- when the supplier provides legal advice to the buyer on areas such as copywrite

C.

White Box – when there is informal integration and the buyer consults with a supplier on a design

D.

Grey Box – when the involvement is buyer driven

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