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CIPS L4M2 Exam - Topic 2 Question 39 Discussion

Actual exam question for CIPS's L4M2 exam
Question #: 39
Topic #: 2
[All L4M2 Questions]

Which of the following are most likely to negatively affect the suppliers' bargaining power in a specific market? Select TWO that apply:

Show Suggested Answer Hide Answer
Suggested Answer: A

Cracks on the jet engine is a closed-end problem. A typical problem solving process has 8 steps:

Step 1: Define the Problem

- What is the problem?

- How did you discover the problem?

- When did the problem start and how long has this problem been going on?

- Is there enough data available to contain the problem and prevent it from getting passed to the next process step? If yes, contain the problem.

Step 2: Clarify the Problem

- What data is available or needed to help clarify, or fully understand the problem?

- Is it a top priority to resolve the problem at this point in time?

- Are additional resources required to clarify the problem? If yes, elevate the problem to your leader to help locate the right resources and form a team.

- Consider a Lean Event (Do-it, Burst, RPI, Project).

- Ensure the problem is contained and does not get passed to the next process step.

Step 3: Define the Goals

- What is your end goal or desired future state?

- What will you accomplish if you fix this problem?

- What is the desired timeline for solving this problem?

Step 4: Identify Root Cause of the Problem

- Identify possible causes of the problem.

- Prioritize possible root causes of the problem.

- What information or data is there to validate the root cause?

Step 5: Develop Action Plan

- Generate a list of actions required to address the root cause and prevent problem from getting to others.

- Assign an owner and timeline to each action.

- Status actions to ensure completion.

Step 6: Execute Action Plan

- Implement action plan to address the root cause.

- Verify actions are completed.

Step 7: Evaluate the Results

- Monitor and Collect Data.

- Did you meet your goals defined in step 3? If not, repeate th 8-Step Process.

- Were there any unforeseen consequences?

- If problem is resolved, remove activities that were added previously to contain the problem.

Step 8: Continuously Improve

- Look for additional opportunities to implement solution.

- Ensure problem will not come back and communicate lessons learned.

- If needed, repeat the 8-Step Problem Solving Process to drive further improvements.

ANA has already known what is going on, the next step they should adopt is collecting more infor-mation on the problem. If the airline is hurry to the solution, it may choose 'Generate options ad-dressing the issue'. The crack on turbine blade can be welded, or the airline replaces a new blade. However, jumping to solution without knowing the root cause does not completely solve the prob-lem. The root cause is unaddressed, then it may occur in the future. Therefore, the airline should still collect information to find the root cause, then remove it.


LO 1, AC 1.1

Contribute your Thoughts:

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Katie
3 months ago
Agreed, B and C are the clear choices here!
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Malinda
3 months ago
Wait, are we sure about E? That sounds too good to be true.
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Skye
3 months ago
A seems off, integrating buyers usually helps suppliers.
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Jonelle
4 months ago
I think D is more important than people realize.
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Noel
4 months ago
Definitely B and C! Makes total sense.
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Carma
4 months ago
I’m leaning towards B and E, but I’m a bit confused about how backward integration affects supplier power.
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Chauncey
4 months ago
I practiced a similar question where we discussed integration strategies, and I feel like A might not be a good choice here.
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Doug
4 months ago
I'm not entirely sure, but I remember something about high switching costs for buyers making suppliers stronger, so maybe D isn't one of the answers.
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Truman
5 months ago
I think options B and C could be the right answers since having substitutes and no product differentiation usually weakens suppliers' power.
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William
5 months ago
I feel pretty confident about this one. The key is to look for factors that would give buyers more leverage over the suppliers, like easy access to alternatives and low barriers to changing suppliers.
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Sophia
5 months ago
Okay, I've got a strategy for this. I'll focus on identifying the factors that would make it harder for suppliers to negotiate favorable terms, like availability of substitutes and low switching costs for buyers.
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Virgina
5 months ago
Hmm, this is a tricky one. I'm not totally sure about the right answer, but I'll try to eliminate the options that seem least likely to reduce the suppliers' power.
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Wilbert
5 months ago
This question is testing our understanding of factors that can affect suppliers' bargaining power. I'll need to think carefully about which options would weaken their position.
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Felicidad
5 months ago
Hmm, I'm not entirely sure about this one. I'll need to think it through carefully and review the permissions levels to make sure I select the right answer.
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Chaya
5 months ago
This seems like a straightforward question about the responsibilities of a database administrator. I'll carefully review each option and think about which one best captures the key duties of the role.
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Alease
5 months ago
I think the command relates to the HTTP callout's response, but I'm not totally sure if it's specifically about the cache duration.
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Ronald
10 months ago
Definitely B and C. Suppliers need to keep their products unique and hard to substitute in order to maintain their bargaining power.
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Desirae
8 months ago
It's important for suppliers to differentiate their products and make them hard to substitute to maintain their bargaining power.
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Salena
8 months ago
I think you're right, having no differences among suppliers' products also makes it easier for buyers to switch suppliers.
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Alberto
8 months ago
I agree, having substitute products readily available definitely weakens suppliers' bargaining power.
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Bernardine
10 months ago
Haha, I bet the answer is B and C. Who needs differentiation and substitutes when you've got suppliers who can't even integrate their buyers? Amateur hour!
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Leslee
10 months ago
B) Substitute products are readily available in the market
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Iluminada
10 months ago
A) Many suppliers are intent on integrating buyers into their business
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Antonio
10 months ago
This is a tricky one, but I think A and C are the way to go. Homogenous products and lack of buyer integration are key factors.
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Jovita
10 months ago
Wow, D and E are the real deal here. High switching costs and lack of backward integration threats are huge advantages for the suppliers.
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Remedios
10 months ago
D) Buyers incur high cost when they change their suppliers
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Garry
10 months ago
A) Many suppliers are intent on integrating buyers into their business
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Jenelle
11 months ago
But what about D? If buyers incur high costs when they change suppliers, wouldn't that also weaken suppliers' bargaining power?
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Eloisa
11 months ago
B and C seem like the correct answers. Differentiation and availability of substitutes would definitely weaken the suppliers' bargaining power.
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Jamie
9 months ago
I'm not sure about D and E, but I think B and C are the most relevant factors.
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Shannan
10 months ago
What about D and E? Do you think they could also affect suppliers' bargaining power?
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Olive
10 months ago
Yes, differentiation and availability of substitutes would weaken the suppliers' bargaining power.
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Josefa
10 months ago
I think B and C are the correct answers.
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Celestina
11 months ago
I agree with you, Dominga. When substitute products are readily available and there are no threats of backward integration, suppliers' bargaining power decreases.
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Dominga
11 months ago
I think B and E are the most likely to negatively affect suppliers' bargaining power.
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