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L4M6 PDF

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  • Questions: 180 Q&A's With Detailed Explanation
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  • Exam Name: Supplier Relationships
  • Last Update: 25-Apr-2025
  • Questions and Answers: 180
  • Single Choice: 141 Q&A's
  • Multiple Choice: 39 Q&A's

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L4M6 Questions and Answers

Question # 1

A manufacturing company which produces showers struggles to get hold of a certain part called a mixer valve. It is impossible to make the showers without the mixer-valve and there is only one supplier in the market that produces them. The good news is they aren't very expensive to buy. What type of supplier is the supplier of mixer valves?

A.

leverage

B.

strategic

C.

routine

D.

bottleneck

Question # 2

Which of the following are elements of a business that can develop a company's competitive advantage? Select THREE.

A.

cost focus

B.

cost leadership

C.

human resource management

D.

organisation culture

E.

natural resources

Question # 3

Supplier development should be undertaken with all suppliers that a buyer uses. Is this statement TRUE?

A.

yes- it is important to develop all relationships

B.

yes- this will improve efficiencies for the buyer

C.

no- supplier development should only be done with strategic suppliers

D.

no- supplier development should only be done with tactical suppliers

Question # 4

A ‘synergy’ within a partnership can lead to what?

A.

Poor performance

B.

Increased costs

C.

Miscommunications

D.

Greater creativity

Question # 5

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

A.

Full pricing information

B.

Liquidity Ratio

C.

Risk Assessments

D.

Method Statements

E.

Gearing Ratio

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