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CIPS L4M2 Exam - Topic 5 Question 37 Discussion

Posted by Na on Jun 24, 2024 at 01:22 PM

XYZ Ltd is the largest consumer of brass in the country. It consumes 48% of all brass manufactured, while the second-largest consumes less than 10% of brass manufactured. Which force or power does XYZ Ltd possess?

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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44 comments · newest first
AH
Ahmad 11 months ago
Supplier bargaining power seems unlikely with those numbers.
MA
Malcolm 11 months ago
Not sure if it's just buyer power... could be market rivalry too.
GL
Glenn 12 months ago
Wait, 48%? That's wild! How can the second-largest be so small?
RA
Raylene 12 months ago
Totally agree, they control such a huge portion of the market.
LE
Lea 1 year ago
XYZ Ltd definitely has major buyer bargaining power!
LA
Lashandra 1 year ago
I thought we learned that when a company has such a large market share, it usually indicates strong buyer power. So, I’m leaning towards option C.
CH
Chandra 1 year ago
I feel like the answer might be supplier bargaining power because they could dictate terms given their size, but I'm not confident.
VI
Vicky 1 year ago
I'm not entirely sure, but I remember a practice question that discussed market dominance. Could it be related to market rivalry instead?
WI
Willodean 1 year ago
I think this question is about buyer bargaining power since XYZ Ltd consumes such a large portion of brass. It gives them leverage over suppliers, right?
SH
Shalon 1 year ago
This seems pretty straightforward to me. If XYZ Ltd is the largest consumer, taking up 48% of the market, then they clearly have a lot of buyer power. I'm confident that the answer is C - Buyer bargaining power.
EL
Elinore 1 year ago
I think the key here is that XYZ Ltd is the dominant player in the brass market, consuming nearly half of the total. That suggests they have significant power over the suppliers, so I'm going to go with D - Supplier bargaining power.
KA
Kayleigh 1 year ago
I'm a bit confused on this one. The question mentions market rivalry and substitute forces, but I'm not sure how those apply here. I'll need to re-read the question and think it through more carefully.
EL
Elden 1 year ago
Okay, let's see. XYZ Ltd is the largest consumer of brass, consuming 48% of the total. That sounds like they have a lot of bargaining power over the suppliers. I'm leaning towards C - Buyer bargaining power.
LE
Leonida 1 year ago
Hmm, this seems like a tricky one. I'll need to think through the different forces and powers at play here to determine which one best fits the situation.
MI
Mirta 1 year ago
This looks like a tricky question about securing Azure Backup from a compromised admin account. I'll need to carefully read through the details and think through the Microsoft security best practices mentioned.
CE
Celeste 1 year ago
Definitely want to double-check that the REST calls between the systems don't count towards API limits. That could be a critical consideration.
AR
Aretha 1 year ago
I'm a bit confused by this question. What exactly do they mean by "used water to wash away volcanic ash"? Is this referring to a specific scientific technique or historical event? I'll have to read the question more closely.
BR
Brock 1 year ago
I remember studying that detention has to be reasonable in time and manner, so I think option B sounds right.
RA
Rasheeda 2 years ago
I'm going with C. Buyer bargaining power. If I was a brass supplier, I'd be pretty nervous about losing 48% of my business to XYZ!
BR
Brandon 1 year ago
↳ replying to Rasheeda
C) Buyer bargaining power
ED
Edelmira 1 year ago
↳ replying to Rasheeda
That's true, they have a huge influence on the brass market.
VI
Vicky 1 year ago
↳ replying to Rasheeda
C) Buyer bargaining power
CR
Crissy 1 year ago
↳ replying to Rasheeda
I agree, XYZ Ltd definitely has a lot of power as a buyer.
HY
Hyman 1 year ago
↳ replying to Rasheeda
D) Supplier bargaining power
DE
Delmy 1 year ago
↳ replying to Rasheeda
C) Buyer bargaining power
LI
Lindsay 1 year ago
↳ replying to Rasheeda
B) Threat of substitute force
AN
Antonette 1 year ago
↳ replying to Rasheeda
A) Market rivalry force
CA
Caren 2 years ago
Haha, this is a no-brainer. Of course, it's buyer bargaining power. XYZ must have the brass suppliers on speed dial, negotiating like a boss.
LE
Leslie 1 year ago
↳ replying to Caren
C) Buyer bargaining power
CA
Cassandra 1 year ago
↳ replying to Caren
Definitely buyer bargaining power. XYZ Ltd must have some serious negotiation skills.
EA
Earleen 1 year ago
↳ replying to Caren
D) Supplier bargaining power
CA
Carla 1 year ago
↳ replying to Caren
C) Buyer bargaining power
JO
Josephine 1 year ago
↳ replying to Caren
B) Threat of substitute force
LE
Leigha 1 year ago
↳ replying to Caren
A) Market rivalry force
AN
Andra 2 years ago
I bet the answer is C. Buyer bargaining power. With that kind of market share, XYZ can probably call the shots when it comes to brass prices and supply.
CE
Celeste 2 years ago
Hmm, I'm not sure. Buyer bargaining power seems logical, but I'm wondering if it could also be supplier bargaining power since XYZ is the largest consumer.
DE
Denny 2 years ago
This is easy, XYZ Ltd has buyer bargaining power since it consumes 48% of all brass manufactured. That's a huge market share!
ER
Erasmo 1 year ago
↳ replying to Denny
They probably get some great deals and discounts with that much influence in the brass industry.
LU
Luisa 1 year ago
↳ replying to Denny
I wonder how XYZ Ltd uses their buyer bargaining power to their advantage.
CI
Ciara 1 year ago
↳ replying to Denny
It must be tough for other companies to negotiate with XYZ Ltd when they control almost half of the market.
MA
Marg 1 year ago
↳ replying to Denny
Yes, XYZ Ltd definitely has a lot of buyer bargaining power with that market share.
DA
Daryl 2 years ago
Maybe it's a combination of market rivalry force and supplier bargaining power.
LU
Lucille 2 years ago
I think XYZ Ltd has a strong buyer bargaining power.
MI
Millie 2 years ago
XYZ Ltd has a lot of market power.
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