Supplier Relationship and chain management PDF

Preview

Summary

Here is the summary notes 📝 for cips
Those that are very important and you can use them...

Description

CIPS LEVEL 4 DIPLOMA SUPPLIER RELATIONSHIP SAMPLE QUESTIONS FOR JULY AND SEPTEMBER 2019 EXAM 1) To support the process of gaining competitive advantage a buyer will need to gain additional knowledge of the following except? a) Marketplace developments b) Innovation c) Products and services d) Buying organization 2) Without the safety of …………………., a supplier may be unwilling to share certain information with the buyer a) Internal relationship b) Collaboration relationship c) Management system d) Performance approach 3) Some benefits of knowledge transfer and innovations between supplier and buyer include all except a) Cost saving and profitability b) Relationship development c) Development of cultural charges d) Competitive analysis 4) Buyers need to take a …………….. when undertaking knowledge transfer with the supplier a) Risk based approach b) Benefit cost analysis c) Procurement analysis d) Access based approach 5) Relationship based approach of measuring performance between a buyer and a supplier will aim to improve the following except a) Reduce waste b) Increase profitability c) Create positive changes d) Improve goods and services 6) Consequences of supply risk include all except a) Continuity of supply b) Costly downtime c) Late deliveries d) Reputation risk 7) Drivers to continuity of supply include a) Integration and globalization b) Anticipated disruption c) Risk assessment d) Short product life span 8) Business continuity planning include all except

a) b) c) d)

Risk management Risk ranking Risk register Risk assessment

9) Ways to ensure continuity of supply include all except working with? a) Key suppliers b) Internal stakeholder c) Web of supply chain d) All the suppliers 10) ……………. Involves a third party holding document or information for two other parties 11) ……………. Can be used to improve on risk management a) Contract management b) E-procurement c) Supply continuity d) Key performance indicator 12) Supplier may choose to terminate a contract with the buyer for the following reasons except a) Supplier base rationalization b) Buyer is expensive to service c) Little profit margin from the relationship d) Buyer viewed as nuisance 13) Stage for termination of contract by supplier may involve …………….. while termination by purchaser may involve …………. a) Transfer period and exit plan b) Strategy plan and exit plan c) Relation disengagement and termination d) Negotiation period and exit plan 14) If there is conflict following a contracttermination, what method of alternative dispute resolution could be used to resolve the conflicts 15) What happens to IPR once a contract is terminated depends on? a) The nature of the IPR b) Who owns the IPR c) The right of the IPR d) The supplier and buyer

ANSWER 1.D 2. B 3.D 4.A 5.D 6.A 7.A 8.C 9.D 10.Escrow Agreement 11.C 12.A 13.D 14. Arbitration and Mediation 15.B...