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CIPS L4M5 Exam - Topic 14 Question 101 Discussion

A buyer is approaching a negotiation where the company is in a low-power negotiating position in relation to the supplier. How can the buyer improve leverage and power with the supplier?
A) 1 and 2 (Consolidate expenditure and understand supplier costs)
B) 2 and 3 (Understand supplier costs and take a distributive approach)
C) 3 and 4 (Take a distributive approach and limit communication)
D) 1 and 4 (Consolidate expenditure and limit communication)

CIPS L4M5 Exam - Topic 14 Question 101 Discussion

Actual exam question for CIPS's L4M5 exam
Question #: 101
Topic #: 14
[All L4M5 Questions]

A buyer is approaching a negotiation where the company is in a low-power negotiating position in relation to the supplier. How can the buyer improve leverage and power with the supplier?

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Suggested Answer: A

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Tish
12 hours ago
I practiced a similar question where consolidating expenditure was key, but I can't recall if limiting communication actually helps or hurts the buyer's position.
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Julene
6 days ago
I think understanding supplier costs is crucial, but I feel like taking a distributive approach might not always be the best strategy.
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Garry
11 days ago
I remember we discussed how consolidating expenditure can really help in negotiations, but I'm not sure if limiting communication is a good idea.
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