Supplier Relationships (questions with elaborate explanation with reference page number of the book).
What you will learn
Understand the dynamics of relationships in supply chains.
Understanding the processes and procedures for successful working with stakeholders.
Understand the concept of partnering.
Understand how to maintain and manage relationships with stakeholders and suppliers and establish and develop formal partenership.
Description
This is a core module in the Diploma in Procurement and Supply. In any organization, a significant element of the procurement and supply functions is based around decisions to source activity from external suppliers. Once agreements have been established, the relationship established with the suppliers is paramount to overall success. After completing this module, learners will be able to analyse the dynamics of supplier relationships, examine the processes and procedures for working with stakeholders, and appreciate the concept of partnering.
Upon completion of the six practice tests based on this module, learners will be able to assess their level of preparation for passing the CIPS exam. The questions have been designed according to the CIPS question format so that participants have a real-life experience of the actual CIPS exam.
After completion of a practice test, participants will know their scores immediately, and they will understand their level of preparation for the Learning Outcome on which they have taken the test. Participants will find elaborate explanations (with graph, chart, table, link, etc.) for every question as to why the answer choice is correct. For ease of understanding, the instructor incorporates the page number of the CIPS Module Book from which the question was asked along with the relevant Learning Outcome.
Content