L4M6 Exam Dumps : Supplier Relationships

A company has just hired a new cleaning firm to clean their offices. The specification for the clean was detailed in an appendix in the contract and included a list of pre-approved products that the cleaning firm should use. The cleaners that were sent to site had not read the contract and therefore did not use the appropriate products. What is the reason for the failure of this?

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

The executive board of a manufacturing company is requesting support from the procurement team because the company needs to improve its levels of profitability. After segmenting the overall spend by value and risk of supply, the senior buyer for the company is planning to undertake a cost modelling activity. This will be undertaken with a cross-organisational team of internal stakeholders and key strategic suppliers. What would be the buyer's initial objective from the cost modelling activity?