Free CIPS L4M6 Exam Dumps Questions & Answers

A competitive advantage can be gained by doing what?

• A.Increasing your prices
• B.Completing formal tenders for all buying requirements
• C.Engaging in market research
• D.Building better relationships with primary stakeholders

A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyse its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. Which of the following STEEPLED factors is most likely to have the greatest effect?

• A.Technological
• B.Economic
• C.Ethical
• D.Sociocultural

A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyze its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. Which of the following STEEPLED factors is most likely to have the greatest effect?

• A.Technological
• B.Economic
• C.Ethical
• D.Sociocultural

Fashion buyer Kamal Sumai is working closely with a key overseas supplier and is monitoring and forecasting cost volatility within the fabric market. Kamal has decided it is the right time to raise a purchase order with his supplier, for a greater quantity of fabric than he currently needs. Kamal is attempting to avoid an imminent pricing increase. What is this tactic known as?

• A.Derivative buying
• B.Hedging buying
• C.Forward buying
• D.Spot buying

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?

• A.Equality
• B.Equity
• C.Ethics
• D.Environment