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CIPS L4M2 Exam - Topic 4 Question 38 Discussion

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?
B) Simplify procurement process
A) Enhance supply continuity
C) Build partnership with suppliers
D) Drive down cost based on market competition

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?

Show Suggested Answer Hide 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
9 months ago
Surprised that quality isn't a concern here, interesting approach!
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Cordie
9 months ago
Wait, why not enhance supply continuity? Isn't that important?
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Harris
10 months ago
But what about driving down costs? That could save more!
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Lachelle
10 months ago
I totally agree, no need to complicate things!
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Marcos
10 months ago
Simplify procurement process seems smart for low-impact items.
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Youlanda
10 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
11 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
11 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
11 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
11 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
11 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
11 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
11 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
11 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
11 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
11 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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Stephaine
2 years ago
I see your point, Caprice, but ensuring a stable supply chain through partnerships might be more beneficial in the long run.
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Caprice
2 years ago
But wouldn't driving down costs based on market competition also be a good strategy?
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Idella
2 years ago
D) Drive down cost based on market competition? Are you kidding me? That's so last century. We need to embrace the 'supply chain cuddle' approach.
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Brittani
2 years ago
I agree with Stephaine, it's important to have a strong relationship with suppliers for these items.
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Delmy
2 years ago
C) Build partnership with suppliers, that's the way to go. Who needs competition when you can have a cozy relationship?
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Chantell
2 years ago
C) Build partnership with suppliers
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Melina
2 years ago
B) Simplify procurement process
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Leonida
2 years ago
A) Enhance supply continuity
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Odette
2 years ago
C: Build partnership with suppliers
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Giovanna
2 years ago
B: Simplify procurement process
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Ronnie
2 years ago
A: Enhance supply continuity
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Stephaine
2 years ago
I think building partnership with suppliers would be the best approach.
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Sherly
2 years ago
B) Simplify procurement process, for sure! Gotta make things easier, not harder.
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Aja
2 years ago
C) Build partnership with suppliers
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Sina
2 years ago
B) Simplify procurement process
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Herschel
2 years ago
A) Enhance supply continuity
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