CIPS L4M2 Exam - Topic 4 Question 38 Discussion

Actual exam question for CIPS's L4M2 exam

Question #: 38
Topic #: 4

[All L4M2 Questions]

A company has a lists of items that make up 15% of total spend. These items also do not largely impact on quality of final product. The supply continuity is secured. Which of the following will be the most appropriate managing approach to purchase these items?

AEnhance supply continuity

BSimplify procurement process

CBuild partnership with suppliers

DDrive down cost based on market competition

Show Suggested Answer

Suggested Answer: B

Those items make up small portion of spend and the supply risk is low. So it is tactical item according to Kraljic portfolio matrix. Procurement should bundle these items into larger contracts, simplify procurement process.

LO 2, AC 2.1

by Erick at Jun 29, 2024, 03:08 PM

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Dortha

3 months ago

Surprised that quality isn't a concern here, interesting approach!

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Cordie

3 months ago

Wait, why not enhance supply continuity? Isn't that important?

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Harris

3 months ago

But what about driving down costs? That could save more!

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Lachelle

4 months ago

I totally agree, no need to complicate things!

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Marcos

4 months ago

Simplify procurement process seems smart for low-impact items.

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Youlanda

4 months ago

Driving down costs could be a strategy here, especially since these items make up a small percentage of total spend, but I wonder if it's the best approach.

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Goldie

4 months ago

Building partnerships with suppliers sounds good, but I feel like that might be more relevant for higher impact items.

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Ivan

4 months ago

I think we practiced a similar question where enhancing supply continuity was emphasized, but in this case, it seems less critical since it's already secured.

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Annice

5 months ago

I remember discussing how items that don't impact quality might be better managed with a simplified procurement process, but I'm not entirely sure.

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Glendora

5 months ago

Ooh, this is a tricky one. I'm torn between B and C. Simplifying the process could save time and resources, but building partnerships might give us more leverage. I'll have to think this through carefully.

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Hollis

5 months ago

I think the key here is that the supply continuity is secured. That makes me lean towards D - driving down cost based on market competition, since we don't need to worry as much about supply issues.

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Viki

5 months ago

Hmm, I'm a bit unsure here. The question mentions the items make up 15% of total spend, so I'm not sure if "simplifying procurement" is the best approach. Maybe C - building partnerships with suppliers could be better?

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Malcom

5 months ago

This seems pretty straightforward. I'd go with B - simplify the procurement process since the items are low-impact and supply is secure.

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Justine

5 months ago

Key exchange protocols are used to establish a shared secret key between two parties, so I think the answer is D. RSA is a common key exchange protocol.

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Mauricio

5 months ago

Ah, I think I've got it. The sharing rule to give users access to all records is a good call. That could be an easy fix if the default settings aren't providing the necessary visibility.

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Lavonna

5 months ago

Okay, let's see. The HTTP monitor is working, but the ICMP monitor is failing for some nodes. I'm not sure if that means the pool members are up or down.

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