Halloween Sale Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: merry71

Free Supplier Relationships Practice Questions

Question # 21

In the STEEPLED framework, which of the following is an economic factor?

Options:

A.  

Unemployment rates

B.  

Demographics

C.  

Supply chain labor standards

D.  

Election results

Discussion 0
Question # 22

Rivalry between suppliers is more likely to be intense in which of the following situations?

Options:

A.  

1 and 2 only

B.  

2 and 4 only

C.  

1 and 3 only

D.  

1 and 4 only

Discussion 0
Question # 23

Which of the following are typical examples of partnering between companies? Select the TWO that apply.

Options:

A.  

Sole trader

B.  

Limited company

C.  

Joint venture

D.  

Strategic alliance

E.  

Public limited company

Discussion 0
Question # 24

A car manufacturer orders engine components from a supplier. The engine is the most expensive component and without it production cannot continue. Where should the supplier be positioned in the supply chain?

Options:

A.  

Leverage

B.  

Routine

C.  

Strategic

D.  

Bottleneck

Discussion 0
Question # 25

Which of the following are stages in team development? Select the THREE that apply:

Options:

A.  

Norming

B.  

Achieving

C.  

Forming

D.  

Presenting

E.  

Adjourning

F.  

Grieving

Discussion 0
Question # 26

Which of the following statements is an advantage to the buyer of early supplier involvement? Select the THREE that apply.

Options:

A.  

Clarity of roles and responsibilities

B.  

Shared expertise for problem solving

C.  

Improved understanding of seller capabilities

D.  

Lower development costs

E.  

Low costs of switching suppliers

F.  

Supplier pre-qualification expertise

Discussion 0
Question # 27

Which one of the following is an advantage of early supplier involvement?

Options:

A.  

Supplier is responsible for all intellectual property risks

B.  

Large investment in supplier communications

C.  

Understanding of supplier capabilities

D.  

No need for supplier non-disclosure agreements

Discussion 0
Question # 28

Sugar Doughnut Ltd has a jam supplier that they have used successfully for over ten years. They have made investments in the supplier’s factory to support them with capital equipment upgrades in return for cost reduction on jam. The two companies also collaborate on bids for large supermarkets when looking to supply doughnuts and work together on quality improvements. No contracts exist between the two companies. Could this relationship be said to be a partnership relationship?

Options:

A.  

No, because contracts do not exist between the two companies

B.  

No, because they have only worked together for ten years

C.  

Yes, because they have demonstrated close collaboration on various projects

D.  

Yes, because they both operate in the food sector

Discussion 0
Question # 29

One of the fist stages of designing a Partnership is to come up with joint KPIs. These should be:

Options:

A.  

Measurable, achievable and time-bound

B.  

Relatable, specific and measurable

C.  

Time bound, difficult and relevant

D.  

Significant, measurable and achievable

Discussion 0
Question # 30

A common reason attributed to many partnerships failing is ...

Options:

A.  

A bad advertising campaign

B.  

Not winning every contract they bid for

C.  

No contract being in place

D.  

Poor communication

Discussion 0

L4M6 PDF

L4M6 PDF (Printable)
$46.5
$154.99

L4M6 Testing Engine

L4M6 PDF (Printable)
$51
$169.99

L4M6 PDF + Testing Engine

L4M6 PDF (Printable)
$63.9
$212.99

Free Exams Sample Questions