Free CIPS L4M6 Exam Dumps Questions & Answers

Partnership sourcing is often considered a 'high-risk' strategy for a buyer. Which of the following is not a risk generally associated with partnership sourcing?

• A.Single-sourcing may leave the buyer without a supply if the supplier goes into liquidation
• B.Sharing commercially sensitive data with another party
• C.Supplier may become complacent
• D.Reduced waste in the supply chain

Which of the following behaviours are you likely to see in a Partnership relationship?

• A.Secrecy and honest communication
• B.Opportunistic behaviour and strong levels of trust
• C.Honest communication and opportunistic behaviour
• D.Strong levels of trust and honest communication

The director of procurement for a global telecommunications firm has segmented their expenditure and has decided to focus on developing relationships with their bottleneck suppliers. Is this the correct process?

• A.Yes, as there are little or no other options available
• B.No, as there is lots of variety of goods available
• C.No, as there is vast competition
• D.Yes, as there are low costs to switching suppliers

Which of the following statements are true regarding the characteristics of a restricted market? Select TWO that apply.
* The marketplace is heavily regulated by Governments and legislation
* Existing suppliers within the marketplace offer excellent services
* There are many suppliers already in operation within the marketplace
* High financial investment is required to enter the marketplace

• A.2 and 4 only
• B.1 and 4 only
• C.1 and 2 only
• D.2 and 3 only

Achieving value for money can often be described as the three Es? What are these?

• A.Ethics, Environment, Economy
• B.Effectiveness, Efficiency, Economy
• C.Economy, Efficiency, Environment
• D.Efficiency, Economy, Ethics