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L4M6 Exam Dumps - Supplier Relationships

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Question # 33

Which of the following documents can be used at the selection stage of a tender process to ensure that short listed bidders meet the requirements of the buying organisation? Select TWO.

A.

Request for Information

B.

Request for Quotation

C.

Pre-Qualification Questionnaire

D.

Invitation to Tender

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Question # 34

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

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Question # 35

Which of the following would you use to qualify new suppliers? Select THREE.

A.

commitment

B.

clean

C.

collection

D.

cost

E.

call

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Question # 36

Which of the following would you use to qualify new suppliers? Select THREE.

A.

competency

B.

cash

C.

culture

D.

cooperation

E.

coordination

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Question # 37

The ABC Analysis, also known as the Pareto Analysis, is a technique that can be used by procurement to which purpose?

A.

supplier positioning

B.

cost analysis

C.

relationship spectrum

D.

cost engineering

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Question # 38

Robbie is a procurement manager at a public sector organisation. He is running a tender which is worth £2m and so will advertise this on OJEU. His manager has reminded Robbie to include CPV codes on the tender. What purpose would this serve?

A.

To ensure suppliers know the deadline for tender submission

B.

To ensure suppliers can find the opportunity

C.

To ensure more suppliers bid for the tender

D.

To ensure only qualified suppliers bid for the tender

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Question # 39

Which of the following describes differentiation as a method of competitive advantage?

    A company that sets out to be the lowest-cost producer in the market

    A company that will seek to be unique in a way that is valued by buyers

    A company producing a standard or budget cost product

    A company producing a product that attracts a premium price charge

A.

1 and 2 only

B.

1 and 3 only

C.

2 and 3 only

D.

2 and 4 only

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Question # 40

Danny is procuring a new IT software, which he doesn’t know much about. He has done a bit of research on the internet but is still unsure how much he can expect to pay. What should be Danny’s next step?

A.

Issue a RFI

B.

Issue a RFQ

C.

Issue an ITT

D.

Issue an OJEU

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