A buyer is leading a negotiation with a supplier for plumbing parts for a large construction project with a five-year term. The buyer knows copper pipe costs will reduce after year two, while plastic component costs are forecast to rise significantly. In the negotiation, the buyer should seek to…
Which type of question should be used to receive affirmation on statement?
There are many factors which will influence supplier pricing decisions. Which of the following are external factors that may apply? Select THREE that apply:
Which of the following are ways of developing rapport when undertaking a negotiation?
A procurement manager is preparing for a negotiation with an important supplier. He plans to withhold some crucial information so that his company gains the upper hand in the negotiation. Is this correct when considering using integrative approach to the negotiation?
Sally is negotiating with an oversea supplier on the price and payment period. Her company and the supplying organisation are equal in bargaining power. The supplier says that they are investing in new facilities and machinery so the payment period should not be longer than 30 days. Sally knows that her company often pays the suppliers after 45 days from the delivery, but at the moment the company has positive cash flow and it is able to pay immediately. Which of the following should be Sally's concession plan?
When a supplier tells a buyer they have a margin of 20%, what does this mean?
Win-lose approach is most likely to be associated with which of the following type of relationship?
Which of the following are hardball tactics in negotiations? Select TWO that apply.
Exam style questions across every L4M5 domain
Last Update 4 days ago
Total Questions : 395
Start with our free L4M5 practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real CIPS Level 4 Diploma in Procurement and Supply exam. Each L4M5 exam question comes with a detailed rationale that explains not just which answer is correct but why the others fall short. That's how concepts stick. Use the free set to benchmark yourself: identify your CIPS weak domains, see where you're losing marks, and build a focused study plan in minutes.
