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L4M6 – Supplier Relationships

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Showing 1–3 of 10 questions

Question 1

Which of the following are characteristics that differentiate between a partnership relationship and traditional contracting relationships? Select THREE.

Select all that apply, then click Submit answer.

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    Lower costs
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    No tender process
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    Early supplier involvement
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    Supplier KPIs
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    No defined end period
Question 2

Which of the following are not a valid reasons to terminate a relationship with a supplier? Select TWO.

Select all that apply, then click Submit answer.

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    The supplier suddenly increases prices
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    The supplier made one late delivery
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    Supply base rationalisation
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    The supplier becomes insolvent
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    The supplier has a change in senior management
Question 3

Rachel and Jacky work in the procurement department of Foddy Foods Ltd. They have been told by their CEO to build better relationships with strategic suppliers as this will create value for money for the company. In what ways can value for money be achieved by building strong relationships with suppliers? Select TWO.

Select all that apply, then click Submit answer.

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    Better payment terms
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    Reduction of waste
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    Innovation developed as part of collaborative projects
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    Reducing costs