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CIPS L4M4 Exam - Topic 2 Question 26 Discussion

Daniel is evaluating bids from new suppliers who are looking to supply his company XYZ Indus-tries with components for manufacturing. Although price is important, Daniel wishes to consider 'added value'. Which of the following is considered an 'added-value solution'? Select THREE
A) innovation and B) on time in full deliveries and D) sustainability
C) bulk discount
E) cost plus pricing

CIPS L4M4 Exam - Topic 2 Question 26 Discussion

Actual exam question for CIPS's L4M4 exam
Question #: 26
Topic #: 2
[All L4M4 Questions]

Daniel is evaluating bids from new suppliers who are looking to supply his company XYZ Indus-tries with components for manufacturing. Although price is important, Daniel wishes to consider 'added value'. Which of the following is considered an 'added-value solution'? Select THREE

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Suggested Answer: A, B, D

The correct answers are innovation, on time in full deliveries and sustainability.

The other options are pricing mechanisms rather than 'added value'. Added Value is giving the buyer something extra that's not necessarily financial. It can be as simple as delivering orders quicker than expected, or having a dedicated customer service phone line. Something that makes their lives a little easier.


by Kassandra at Nov 18, 2024, 09:01 PM

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Pansy
9 months ago
Wait, are we sure cost plus pricing isn't considered added value?
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Muriel
9 months ago
Sustainability should be a top priority for suppliers!
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Jovita
10 months ago
Bulk discount? Not really an added value in my opinion.
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Jesusa
10 months ago
On time in full deliveries is crucial too!
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Kimbery
10 months ago
Definitely innovation is an added value!
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Daniel
10 months ago
I feel like bulk discounts might not be what Daniel is looking for when he wants added value. It seems more about cost savings than value added.
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Alica
11 months ago
I practiced a similar question where sustainability was highlighted as an added value. I think it fits here too.
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Sylvie
11 months ago
I'm not so sure about on time in full deliveries being considered added value. It seems more like a basic expectation, right?
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Carrol
11 months ago
I remember discussing added value in class, and I think innovation definitely counts as one of those solutions.
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Sharmaine
11 months ago
This is a good one. The key is to identify the options that provide value to the company beyond just the cost of the components. I'll select innovation, sustainability, and on-time deliveries.
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Elfrieda
11 months ago
I'm a little confused by the wording of this question. What exactly counts as an "added-value solution"? I'll have to think it through carefully.
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Stephane
11 months ago
Okay, I've got this. Innovation, sustainability, and on-time deliveries are all great examples of "added value" that go beyond just the price.
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Detra
11 months ago
Hmm, I'm a bit unsure about this one. I need to carefully read through the options and think about what "added value" really means in this context.
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Leonor
11 months ago
This question seems straightforward. I'll focus on the key criteria of "added value" and select the three options that best fit that description.
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Jacqueline
2 years ago
What kind of supplier doesn't do on-time deliveries these days? That's like table stakes. Anyway, I agree with innovation and sustainability, and I'll throw in bulk discount as the third one. Hey, at least it's better than cost plus pricing - that sounds like a total rip-off!
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Altha
2 years ago
Definitely innovation and sustainability. On-time deliveries are important, but not really 'added value' in my opinion. As for the third one... I'll go with bulk discount, I guess, though that's not super exciting.
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Merissa
2 years ago
I think on-time deliveries can also be considered added value, but I see your point about it not being as exciting.
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Dorethea
2 years ago
I agree, innovation and sustainability are definitely important for added value.
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Jerlene
2 years ago
I believe on time in full deliveries is crucial as well, it shows reliability.
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Lonny
2 years ago
I agree with Erasmo, sustainability is also important for added value.
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Jody
2 years ago
Innovation and sustainability for sure, but I'm not convinced on-time deliveries are an 'added-value' per se - that's kind of the bare minimum, isn't it? Hmm, tough call on the third one.
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Elsa
2 years ago
I think innovation, sustainability, and on-time in full deliveries are the clear 'added-value solutions' here. Bulk discount and cost plus pricing are more about price than value-add.
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Desmond
2 years ago
Bulk discount and cost plus pricing are more about price, not value-add.
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Tamesha
2 years ago
On-time in full deliveries is crucial for efficiency and customer satisfaction.
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Brock
2 years ago
I think sustainability is important too, it adds value to the company.
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Edward
2 years ago
I agree, innovation is definitely an added-value solution.
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Erasmo
2 years ago
I think innovation is definitely an added-value solution.
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