CIPS L4M6 (Supplier Relationship) Questions and Answers Rated A.

CIPS L4M6 (Supplier Relationship)
Questions and Answers Rated A.
What is the aim of the early supplier involvement?
Correct Answer -The aim of the process is to create a superior end product
or a service with a greater value than the buying organization could have
created alone.
What kind of supplier is considered to be suitable for early supplier
involvement?
Correct Answer -Only a supplier that is considered to be strategic and is
located on the right-hand side of the relationship spectrum model would
be involved.
What are benefits of involving suppliers in the ESI programmed?
Correct Answer -- The supplier may be able to bring additional knowledge
and innovation which could result in cost savings.
-The overall quality of the product can be improved.
-Performance can be improved.
-Product development costs can be reduced
-Can further enhance the supplier relationship.
What are disadvantages/risks to involving suppliers in the ESI
programmed?
Correct Answer --There are often issues with communication between the
buyer and supplier as well as issues with managing the relationships.
-If the relationship breaks down there could be issues producing the
product or service in the future.
-Time and resources could be wasted if the wrong supplier is included.