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

Ainnovation

Bon time in full deliveries

Cbulk discount

Dsustainability

Ecost plus pricing

Show Suggested Answer

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

3 months ago

Wait, are we sure cost plus pricing isn't considered added value?

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Muriel

3 months ago

Sustainability should be a top priority for suppliers!

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Jovita

3 months ago

Bulk discount? Not really an added value in my opinion.

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Jesusa

4 months ago

On time in full deliveries is crucial too!

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Kimbery

4 months ago

Definitely innovation is an added value!

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Daniel

4 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

4 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

4 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

5 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

5 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

5 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

5 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

5 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

5 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

1 year 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

1 year 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

1 year 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

1 year ago

I agree, innovation and sustainability are definitely important for added value.

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Jerlene

1 year ago

I believe on time in full deliveries is crucial as well, it shows reliability.

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Lonny

1 year ago

I agree with Erasmo, sustainability is also important for added value.

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Jody

1 year 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

1 year 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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