Free L4M6 – Supplier Relationships Practice Test Question

Select all that apply, then click Submit answer.

• ○

  Lower costs

• ○

  No tender process

• ○

  Early supplier involvement

• ○

  Supplier KPIs

• ○

  No defined end period

Select all that apply, then click Submit answer.

• ○

  The supplier suddenly increases prices

• ○

  The supplier made one late delivery

• ○

  Supply base rationalisation

• ○

  The supplier becomes insolvent

• ○

  The supplier has a change in senior management

Select all that apply, then click Submit answer.

• ○

  Better payment terms

• ○

  Reduction of waste

• ○

  Innovation developed as part of collaborative projects

• ○

  Reducing costs

Select all that apply, then click Submit answer.

• ○

  industry growth or decline

• ○

  exit barriers

• ○

  switching costs

• ○

  supply chain disruption

• ○

  legislative changes

Select all that apply, then click Submit answer.

• ○

  Power

• ○

  Role

• ○

  Person

• ○

  Knowledge

• ○

  Team

Select an option, then click Submit answer.

• ○

  ITT

• ○

  Audit

• ○

  Framework

• ○

  Contract

Select an option, then click Submit answer.

• ○

  Ethics, Environment, Economy

• ○

  Economy, Efficiency, Environment

• ○

  Efficiency, Economy, Ethics

• ○

  Effectiveness, Efficiency, Economy

Select an option, then click Submit answer.

• ○

  Option

• ○

  Option

• ○

  Option

• ○

  It isn't possible to tell

Select an option, then click Submit answer.

• ○

  The communication is always poor

• ○

  The price is more important than the quality of the product

• ○

  They are only used for one-off purchases

• ○

  The outcome of the deal is more important than the long term relationship

Select an option, then click Submit answer.

• ○

  Cheaper costs

• ○

  Changes in the marketplace

• ○

  Better quality products

• ○

  Reduced product life-cycles