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CIPS Commercial Negotiation Sample Questions:
A buyer has lost trust in a supplier but wishes to repair the relationship. What is the appropriate first step?
- A. Reduction in prices for the remainder of the contract
- B. Amending KPIs so the supplier can achieve them
- C. An offer of a hospitality package for the buyer
- D. Acknowledgement by the supplier of the need to improve
Correct Answer: D 🗳️
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A procurement professional is negotiating with a supplier on cleaning service. She realises that there are huge cost-saving opportunities if the supplier agrees to reduce its mark-up and unnecessary employee benefits.
Supplier's mark-up and employee benefits are examples of which of the following?
- A. Spend waterfall
- B. Spend tree
- C. Spend cube
- D. Addressable spend
Correct Answer: D 🗳️
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What letter R in the acronym SMART stands for?
- A. Relevant
- B. Risk-free
- C. Recommended
- D. Random
Correct Answer: A 🗳️
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The procurement manager of a private healthcare provider is running an IT project. Who are the stakeholders?
General public
Pharmaceutical suppliers
Senior Management
Software support developers
- A. 1 and 3 only
- B. 2 and 4 only
- C. 3 and 4 only
- D. 1 and 2 only
Correct Answer: C 🗳️
Explanation: Only visible for Dumps4PDF members. You can sign-up / login (it's free).
Which of the following will positively affect reputational strength of an organisation? Select TWO that apply.
- A. High ethical standards
- B. Adopting out-of-date technology
- C. Strong customer focus
- D. Weak internal coordination
- E. Great gap between reputation and reality
Correct Answer: A,C 🗳️
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