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CIPS L4M5 Exam - Topic 12 Question 10 Discussion

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?
A) Spend analysis
B) Value engineering
C) Price analysis
D) Total cost analysis

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?

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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

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Nadine
11 months ago
Totally agree, spend analysis should be the priority!
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Melita
11 months ago
Really? I doubt spend analysis will show much.
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Herman
12 months ago
Total cost analysis could uncover hidden savings too.
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Tamra
12 months ago
I think price analysis is more important.
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Tammara
12 months ago
Spend analysis is definitely the way to go!
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Shawnna
1 year 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
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Ozell
1 year 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
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