[Nov 24, 2022] L4M6 Exam Dumps, L4M6 Practice Test Questions [Q26-Q40]

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[Nov 24, 2022] L4M6 Exam Dumps, L4M6 Practice Test Questions

Free L4M6 Study Guides Exam Questions and Answer

NEW QUESTION 26
Which of the following is not a type of tender process used in the Public Sector?

Restricted

Competitive Procedure with Negotiation

Competitive Dialogue

Unrestricted

NEW QUESTION 27
If a stakeholder has high power in a business but isn’t interested in your procurement activity, what should be your management style for dealing with this stakeholder?

Keep them satisfied – they have high power

Keep them informed – they have high power

Manage closely – they’re a key player

Minimum effort is required as they’re not interested- do nothing

NEW QUESTION 28
In Public Sector procurement a PIN is sent out to inform suppliers of an upcoming tender opportunity. What does PIN stand for?

Prior Information Notice

Procurement Information Number

Procurement Identification Number

Possibilities Identified Notice

NEW QUESTION 29
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?

Equality

Environment

Equity

Ethics

NEW QUESTION 30
Which of the following is characteristic of an adversarial relationship?

The communication is always poor

The price is more important than the quality of the product

They are only used for one-off purchases

The outcome of the deal is more important than the long term relationship

NEW QUESTION 31
Which of the following is an advantage for the suppler of entering into a partnership with a buyer?

They may gain an increased volume of business

There is more flexibility when selling the product

The Intellectual Property Rights of the buyer become yours

They no longer have to try as hard to win business.

NEW QUESTION 32
A competitive advantage can be gained by doing what?

Increasing your prices

Engaging in market research

Building better relationships with primary stakeholders

Completing formal tenders for all buying requirements

NEW QUESTION 33
The Public Sector in the UK is unable to enter into formal partnership relationships with any supplier. Is this statement TRUE?

Yes- the Public Sector is regulated by EU procurement regulations which prohibits this

Yes- the Public Sector is unable to enter partnerships because they operate in a monopoly market

No- the Public Sector can enter into partnership relationships with suppliers providing they have tendered the opportunity

No- the Public Sector can enter into partnership relationships when contracts are over the threshold value.

NEW QUESTION 34
A doctor’s surgery requires a complex database system to manage all of its patients data, which is highly sensitive. The system also needs to link to other departments of the health service such as physiotherapy and intensive care. The Manager of the surgery is considering outsourcing the management of the database to an IT company. What is the Manager’s main motivation for doing this?

The supplier is an expert in their field

This will result in economies of scale

This will free-up internal resources

This will result in cost-savings

NEW QUESTION 35
Which of the following are not stages of team development? Select TWO.

Forming

Mourning

Achieving

Adjourning

Accepting

NEW QUESTION 36
Intellectual Property Rights (IPR) include items such as copywrite and trademarks. A buyer is considering entering into a partnership with their supplier to create a new product which will be released in two years’ time. Should IPR be included into a contract between partners?

Yes- IPR should always remain with the buyer- this will protect those rights

Yes- IPR is a valid concern for both parties but will survive the termination of the agreement

No- a separate legal agreement should be created to cover IPR

No- a contract is not necessary if it is a partnership.

NEW QUESTION 37
Mendelow’s Stakeholder Matrix categorises stakeholders into four groups and provides insight into how these stakeholders should be managed. What is a limitation to using this Matrix to categorise stakeholders?

Nowadays, Stakeholders fall into more than four categories

The Matrix doesn’t consider the power these stakeholders have

The Matrix doesn’t consider whether the stakeholder is for or against the activity

The categories are hard to remember

NEW QUESTION 38
Rachel and Jacky work in the procurement department of Foddy Foods Ltd. They have been told by their CEO to build better relationships with strategic suppliers as this will create value for money for the company. In what ways can value for money be achieved by building strong relationships with suppliers? Select TWO.

Better payment terms

Reduction of waste

Innovation developed as part of collaborative projects

Reducing costs

NEW QUESTION 39
When developing a supplier partnership, a buyer can take either a strategic or reactive approach. What would be a reason for a reactive approach?

You discover that the supplier has a high profit margin

The buyer wishes to create a new product and requires input from a supplier

Sudden changes in the marketplace

It will allow for consolidation in the supply chain

NEW QUESTION 40
Which of the following documents would you expect a supplier to submit as part of a Request for Proposal? Select THREE

Full pricing information

Liquidity Ratio

Risk Assessments

Method Statements

Gearing Ratio

CIPS L4M6 Exam Syllabus Topics:

Topic	Details
Topic 1	Analyse the purpose of organisational procedures and processes in sourcing goods and or services The link between organisations in supply networks
Topic 2	Understand processes and procedures for successful working with stakeholders Identify items potentially suitable for partnership sourcing
Topic 3	Appraise portfolio analysis techniques to assess relationships in supply chains Analyse the concept of partnering and where it is a suitable approach
Topic 4	Compare the practical considerations of stakeholder management Compare the sources of added value that can be achieved through supply chain relationships
Topic 5	The link between relationships as a process and the achievement of added value outcomes Understand the dynamics of relationships in supply chains