CIPS L4M5 Exam - Topic 12 Question 10 Discussion

Actual exam question for CIPS's L4M5 exam

Question #: 10
Topic #: 12

[All L4M5 Questions]

Procurement team is required to improve leverage with their suppliers through spend consolidation. To check whether there is any opportunity to consolidate spend, which of the following should be priority of procurement team?

ASpend analysis

BValue engineering

CPrice analysis

DTotal cost analysis

Show Suggested Answer

Suggested Answer: A

In order to identify opportunities where you can increase your leverage with supplier, you need to understand your spend. Undertaking spend analysis of your accounts payable (AP) data is an essential first step here.

by Gail at May 07, 2022, 10:46 PM

Limited Time Offer

25%

Off

Get Premium L4M5 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Nadine

4 months ago

Totally agree, spend analysis should be the priority!

upvoted 0 times

...

Melita

4 months ago

Really? I doubt spend analysis will show much.

upvoted 0 times

...

Herman

4 months ago

Total cost analysis could uncover hidden savings too.

upvoted 0 times

...

Tamra

4 months ago

I think price analysis is more important.

upvoted 0 times

...

Tammara

5 months ago

Spend analysis is definitely the way to go!

upvoted 0 times

...

Shawnna

5 months ago

I'm a bit confused by the technical jargon in this question. TPM structures and measured boot are not topics I'm super familiar with. I'll need to take some time to review the relevant concepts before I can confidently select an answer.

upvoted 0 times

...

Ozell

5 months ago

Okay, I've got this. The readiness assessment is all about evaluating the organization's preparedness for the transformation, so the logical place to incorporate those findings would be in the Implementation and Migration Plan. That's my pick.

upvoted 0 times

...