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CIPS L4M2 Exam - Topic 2 Question 39 Discussion

Posted by Eun on Jul 11, 2024 at 09:08 AM

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

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

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35 comments · newest first
KA
Katie 11 months ago
Agreed, B and C are the clear choices here!
MA
Malinda 11 months ago
Wait, are we sure about E? That sounds too good to be true.
SK
Skye 12 months ago
A seems off, integrating buyers usually helps suppliers.
JO
Jonelle 12 months ago
I think D is more important than people realize.
NO
Noel 1 year ago
Definitely B and C! Makes total sense.
CA
Carma 1 year ago
I’m leaning towards B and E, but I’m a bit confused about how backward integration affects supplier power.
CH
Chauncey 1 year ago
I practiced a similar question where we discussed integration strategies, and I feel like A might not be a good choice here.
DO
Doug 1 year 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.
TR
Truman 1 year ago
I think options B and C could be the right answers since having substitutes and no product differentiation usually weakens suppliers' power.
WI
William 1 year 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.
SO
Sophia 1 year 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.
VI
Virgina 1 year 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.
WI
Wilbert 1 year 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.
FE
Felicidad 1 year 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.
CH
Chaya 1 year 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.
AL
Alease 1 year 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.
RO
Ronald 1 year ago
Definitely B and C. Suppliers need to keep their products unique and hard to substitute in order to maintain their bargaining power.
DE
Desirae 1 year ago
↳ replying to Ronald
It's important for suppliers to differentiate their products and make them hard to substitute to maintain their bargaining power.
SA
Salena 1 year ago
↳ replying to Ronald
I think you're right, having no differences among suppliers' products also makes it easier for buyers to switch suppliers.
AL
Alberto 1 year ago
↳ replying to Ronald
I agree, having substitute products readily available definitely weakens suppliers' bargaining power.
BE
Bernardine 2 years 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!
LE
Leslee 1 year ago
↳ replying to Bernardine
B) Substitute products are readily available in the market
IL
Iluminada 2 years ago
↳ replying to Bernardine
A) Many suppliers are intent on integrating buyers into their business
AN
Antonio 2 years 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.
JO
Jovita 2 years 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.
RE
Remedios 2 years ago
↳ replying to Jovita
D) Buyers incur high cost when they change their suppliers
GA
Garry 2 years ago
↳ replying to Jovita
A) Many suppliers are intent on integrating buyers into their business
JE
Jenelle 2 years ago
But what about D? If buyers incur high costs when they change suppliers, wouldn't that also weaken suppliers' bargaining power?
EL
Eloisa 2 years ago
B and C seem like the correct answers. Differentiation and availability of substitutes would definitely weaken the suppliers' bargaining power.
JA
Jamie 1 year ago
↳ replying to Eloisa
I'm not sure about D and E, but I think B and C are the most relevant factors.
SH
Shannan 2 years ago
↳ replying to Eloisa
What about D and E? Do you think they could also affect suppliers' bargaining power?
OL
Olive 2 years ago
↳ replying to Eloisa
Yes, differentiation and availability of substitutes would weaken the suppliers' bargaining power.
JO
Josefa 2 years ago
↳ replying to Eloisa
I think B and C are the correct answers.
CE
Celestina 2 years ago
I agree with you, Dominga. When substitute products are readily available and there are no threats of backward integration, suppliers' bargaining power decreases.
DO
Dominga 2 years ago
I think B and E are the most likely to negatively affect suppliers' bargaining power.
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