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L4M6 Exam Dumps - Supplier Relationships

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Question # 49

Kyle Grant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over £10,000. What is the primary aim of this policy?

A.

To deliver an agile process

B.

To ensure value for money is achieved

C.

To allow procurement to select the lowest price

D.

To enable a reduction in competition

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Question # 50

Security company ARLA has recently won a new contract for guarding a school. Another company, ENA, has previously been providing the contract and employed the current guard who has worked at the school for 5 years. What key legal issue needs to be considered when the current relationship is terminated and the new company takes over?

A.

Intellectual property rights

B.

Sustainability policies

C.

Employment rights

D.

Quality policies

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Question # 51

National Hospital Trust (NHT) has entered into a partnership relationship with a major facilities management provider. The two organizations have agreed on the approach to undertake regular reviews and audits. The audit approach will include which of the following?

A.

Category management and supplier rationalization

B.

Specification development and management

C.

Lessons learned and continuous improvement

D.

Macro and micro environmental analysis

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Question # 52

Kyle Crant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over £10,000. What is the primary aim of this policy?

A.

To ensure value for money is achieved

B.

To allow procurement to select the lowest price

C.

To enable a reduction in competition

D.

To deliver an agile process

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Question # 53

A buyer has a requirement to purchase 1,000 widgets for a manufacturing company. The widgets are critical for the next stage of the manufacturing process. What would be the key selection criterion for this buyer?

A.

Ability to deliver by the deadline

B.

Ability to produce low-cost widgets

C.

Ability to meet ISO standards

D.

Ability to add value to the order

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Question # 54

A company is about to invite tenders for a contract to clean external windows at several premises, all at least three storeys high. It is going to do this in two stages. For the first stage, it will issue a pre-qualification questionnaire (PQQ) and, from the replies, select at least five potential suppliers to invite to tender. Which of the following is a selection criterion rather than an award criterion?

A.

Risk assessments at the premises

B.

Method statements for previous contracts

C.

Price that will be charged

D.

Environmental impact assessment

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Question # 55

Which of the following are relationship types on the relationship spectrum?

    Adversarial, transactional and outsourcing

    Single sourced, strategic alliance and co-destiny

    Arm's length, strategic alliance and dual sourced

    Closer tactical, leverage and joint ventures

A.

1 and 2 only

B.

2 and 3 only

C.

1 and 3 only

D.

2 and 4 only

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Question # 56

The use of technical jargon can result in what?

A.

Misunderstanding

B.

Lack of trust

C.

Increased price

D.

Lack of transparency

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