Become CIPS Certified with updated L4M6 exam questions and correct answers
Price fluctuations can affect profitability. Is this statement correct?
Tesco and Carrefour are two major supermarket chains in Europe. They have formed a long-term relationshipin which both parties will work together and avail the most of their collective product expertise and sourcingcapability. They hope that the agreement enables them to make significant procurement savings in thewhole goods not for resale sector, such as spend on temporary staff, logistics and distribution, store fit-out,marketing, HR services and IT. The two companies still remain independent from each other in term ofbusiness strategies. Which of the following is the relationship type that Tesco and Carrefour haveestablished?
Partnership should be formed with limited number of suppliers. Which of the following is the tool that assists a buyer in identifying suitable suppliers for developing a partnership relationship?1. Whole life costing (WLC)2. Kraljic's matrix3. RAQSCI model4. Supplier preferencing model
Company C is preparing key performance indicators to monitor the performance of relationship with a strategic supplier. Among these KPIs, an indicator measures how the buyer perceives the effort of supplier regarding contract performance. Which of the following is the factor that is highlighted by this KPI?
Company A’s senior management sees a huge potential in the Asian retail sector. They want to expand their business unit to this market but they are worried about the profitability. What tool can they use to assess how profitable an industry is?
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