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CIPS Exam L4M2 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?

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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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Stephaine
11 months 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
11 months ago
But wouldn't driving down costs based on market competition also be a good strategy?
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Idella
11 months 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
11 months ago
I agree with Stephaine, it's important to have a strong relationship with suppliers for these items.
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Delmy
11 months 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
9 months ago
C) Build partnership with suppliers
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Melina
9 months ago
B) Simplify procurement process
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Leonida
10 months ago
A) Enhance supply continuity
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Odette
10 months ago
C: Build partnership with suppliers
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Giovanna
10 months ago
B: Simplify procurement process
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Ronnie
10 months ago
A: Enhance supply continuity
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Stephaine
11 months ago
I think building partnership with suppliers would be the best approach.
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Sherly
11 months ago
B) Simplify procurement process, for sure! Gotta make things easier, not harder.
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Aja
11 months ago
C) Build partnership with suppliers
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Sina
11 months ago
B) Simplify procurement process
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Herschel
11 months ago
A) Enhance supply continuity
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