CIPS L4M6 LO3 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
||ALREADY GRADED A+||NEWEST VERSION
Quiz: what is type 1 of partnership?
Ans: the organisations recognise each other as partners and co-ordinate
activities and planning on a limited basis. the partnership has a short-term focus
and involves only one function within each organisation. partnerships of this type
are less time intensive to develop
Quiz: what is type 2 of partnership?
Ans: both companies progress beyond co-ordination of activities to integration.
the partnership has a long-term focus and a number of functions within both
companies are involved
Quiz: what is type 3 of partnership?
Ans: the companies share a significant level of operational integration. the
buyer and supplier view each other as an extension of each others firm. no end
date is set for their partnership
o
o
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, Quiz: what are the characteristics that differentiate between having a
partnership relationship with a supplier and having a traditional contracting
relationship?
Ans: - early supplier involvement
- no tender process or win-lose negotiations
- shared costs and benefits
- greater levels of information sharing and transparency
- joint performance measurement and KPIs
- no defined end period
- less contractual
Quiz: what are some possible drivers for partnership sourcing?
o
o
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, Ans: - working together will generate synergies which are likely to result in
reduced costs and increased profitability
- product life cycles have reduced in recent decades, which has created the
need for businesses to develop products more quickly
- changes in the marketplace or unstable markets may result in buyers and
suppliers needing to work together more closely in order to survive
- there may be a need to improve performance to satisfy the ultimate customer
in the supply chain
- the desire to reduce stock-holding and to move towards world-class standards
of supply chain management
Quiz: what is a product life cycle?
Ans: a period of time which involves developing a product from scratch,
bringing the product to the marketplace, sales in the market and the eventual
decline and removal of the product from the marketplace
Quiz: what is vertical integration?
Ans: when a buyer owns companies within its supply chain. there could be
forward vertical integration where a buyer owns a distributor, or backward
vertical integration where a buyer owns one of its suppliers of raw materials
o
o
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WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
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[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
DETAILED ANSWERS (VERIFIED ANSWERS)
||ALREADY GRADED A+||NEWEST VERSION
Quiz: what is type 1 of partnership?
Ans: the organisations recognise each other as partners and co-ordinate
activities and planning on a limited basis. the partnership has a short-term focus
and involves only one function within each organisation. partnerships of this type
are less time intensive to develop
Quiz: what is type 2 of partnership?
Ans: both companies progress beyond co-ordination of activities to integration.
the partnership has a long-term focus and a number of functions within both
companies are involved
Quiz: what is type 3 of partnership?
Ans: the companies share a significant level of operational integration. the
buyer and supplier view each other as an extension of each others firm. no end
date is set for their partnership
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
, Quiz: what are the characteristics that differentiate between having a
partnership relationship with a supplier and having a traditional contracting
relationship?
Ans: - early supplier involvement
- no tender process or win-lose negotiations
- shared costs and benefits
- greater levels of information sharing and transparency
- joint performance measurement and KPIs
- no defined end period
- less contractual
Quiz: what are some possible drivers for partnership sourcing?
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
, Ans: - working together will generate synergies which are likely to result in
reduced costs and increased profitability
- product life cycles have reduced in recent decades, which has created the
need for businesses to develop products more quickly
- changes in the marketplace or unstable markets may result in buyers and
suppliers needing to work together more closely in order to survive
- there may be a need to improve performance to satisfy the ultimate customer
in the supply chain
- the desire to reduce stock-holding and to move towards world-class standards
of supply chain management
Quiz: what is a product life cycle?
Ans: a period of time which involves developing a product from scratch,
bringing the product to the marketplace, sales in the market and the eventual
decline and removal of the product from the marketplace
Quiz: what is vertical integration?
Ans: when a buyer owns companies within its supply chain. there could be
forward vertical integration where a buyer owns a distributor, or backward
vertical integration where a buyer owns one of its suppliers of raw materials
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
