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CIPS Exam L4M6 Topic 3 Question 44 Discussion

Actual exam question for CIPS's L4M6 exam
Question #: 44
Topic #: 3
[All L4M6 Questions]

Francisco has entered a partnership with Pedro, who is a key supplier, and wants to ensure that the partnership achieves all of Francisco's goals. As well as qualitative and quantitative KPIs, what other measures could Francisco take to ensure the partnership is a success?

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Suggested Answer: B

The correct answer is 'Conduct regular audits'. This is explained on p.153. You wouldn't do an appraisal on a supplier in a partnership relationship as both parties are equal. Threatening a partner isn't good for the relationship and a damages clause would be used in a contractual relationship rather than a partnership.


by Leanora at Jul 07, 2024, 09:53 PM

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Elliott
17 days ago
Audits, damages clause, and maybe even a little dance routine to show the supplier who's boss. Gotta keep them on their toes, you know?
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Shannon
18 days ago
Frequent appraisals? I'm not sure that's the most efficient approach. Why not just set clear KPIs and review them regularly? That way, everyone knows what's expected.
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Gracia
22 days ago
Threatening the supplier with termination? That's a bit harsh, don't you think? Let's keep things professional and focus on building a strong, collaborative relationship.
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Barrie
4 days ago
C) Ensure there is a damages clause in the contract
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Cherry
8 days ago
B) Conduct regular audits
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Quinn
11 days ago
A) Do frequent appraisals on the supplier
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Dottie
29 days ago
I agree that audits are important, but I'd also include a damages clause in the contract. That way, there are clear consequences if the supplier underperforms.
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Tracey
30 days ago
Conducting regular audits seems like the best way to ensure the partnership is a success. Keeping a close eye on the supplier's performance is crucial.
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Maryann
2 days ago
User 3: Agreed, audits can help identify any issues early on.
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Lino
4 days ago
Quentin: It also allows for any issues to be addressed promptly.
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Jaclyn
6 days ago
User 3: I agree, it helps to ensure that the partnership is meeting its goals.
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Quentin
14 days ago
User 2: Yes, it's important to keep track of the supplier's performance.
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Jerilyn
15 days ago
User 1: I think conducting regular audits is a good idea to monitor the supplier's performance.
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Beth
17 days ago
User 2: Definitely, it's important to keep track of the supplier's performance.
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Janella
17 days ago
User 1: I think conducting regular audits is a good idea.
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Naomi
21 days ago
User 1: I think conducting regular audits is a good idea.
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Lea
1 months ago
Threatening the supplier with termination may not be the best approach, it's better to focus on constructive measures like audits and appraisals.
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Onita
1 months ago
I believe having a damages clause in the contract is crucial to protect Francisco's interests in case of any breaches.
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Roselle
1 months ago
I agree with Billye, appraisals and audits can help monitor performance and address any issues.
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Billye
2 months ago
I think conducting regular audits is important to ensure the partnership's success.
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