Free L4M6 Exam Questions - CIPS L4M6 Exam
Supplier Relationships
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CIPS L4M6 Questions
Innovation is a key consideration when entering into a partnership. Is this statement true?
Grey Stone Memorial Hospital is a private medical facility which has an idea for a vaccine to a deadly disease, but does not have the capacity to make the vaccine itself. It is considering partnering with a well-known pharmaceutical company in order to bring the vaccine to market. What is the biggest risk to Grey Stone?
'tail spend' is a common category used in procurement and describes a category of items. What characteristics do theses items have?
Which of the following is an advantage for the suppler of entering into a partnership with a buyer?
Andrew runs a factory that makes cakes. Vanilla Extract is a vital ingredient in Andrew's cakes and this is a monopolistic market. Andrew has noticed recently that the quality of the supplier's product has reduced, and this has led to several complaints from customers. Andrew is considering entering into a Partnership with this supplier as he believes this will help increase the supplier's performance. Is this the correct thing to do?
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