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CIPS Exam L4M6 Topic 8 Question 35 Discussion

Actual exam question for CIPS's L4M6 exam
Question #: 35
Topic #: 8
[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 France at Mar 17, 2024, 09:22 PM

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Arminda
4 months ago
I think having a damages clause in the contract is crucial. It provides a safety net in case things go wrong.
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Letha
5 months ago
In addition to appraisals, conducting regular audits could also help identify any potential issues early on.
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Blair
5 months ago
I agree with Long. Regular feedback is important to ensure the partnership stays on track.
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Long
5 months ago
I think Francisco should do frequent appraisals on the supplier.
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Clorinda
5 months ago
I personally feel that communication and mutual understanding are key to ensuring success in a partnership.
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Daren
5 months ago
I think a combination of all options could be beneficial, each serving a different purpose.
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Elli
5 months ago
Threatening the supplier with termination may not be the best approach, it could harm the relationship.
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Phyliss
6 months ago
I believe having a damages clause in the contract would provide a safety net.
upvoted 0 times
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Carmela
6 months ago
I agree with Frederic, audits can also help identify any issues early on.
upvoted 0 times
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Frederic
6 months ago
I think frequent appraisals on the supplier would help track progress.
upvoted 0 times
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