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L4M6 Exam Dumps : Supplier Relationships

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Supplier Relationships Questions and Answers

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Question 1

Kyle Crant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over £10,000. What is the primary aim of this policy?

Options:

A.

To ensure value for money is achieved

B.

To allow procurement to select the lowest price

C.

To enable a reduction in competition

D.

To deliver an agile process

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Question 2

A software developer is seeking to develop a new fitness trends app. They are looking to create a contract with a fitness expert to give advice on the type of changing fitness trends. What agreement should the app developer aim to achieve?

Options:

A.

Partnering relationship

B.

Cost-based relationship

C.

Quality-based relationship

D.

Traditional contracting relationship

Question 3

According to the STEEPLED analysis framework, what considerations are likely to be evaluated under the ‘political’ factor?

    Consumerism in the supply chains

    Grants and subsidies to the supply chains

    Civil unrest and war in the supply chains

    Wage rates in the supply chains

Options:

A.

1 and 2 only

B.

2 and 3 only

C.

3 and 4 only

D.

1 and 4 only

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