Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25

- Free Preparation Discussions

CIPS Exam L4M6 Topic 10 Question 51 Discussion

Actual exam question for CIPS's L4M6 exam

Question #: 51
Topic #: 10

[All L4M6 Questions]

Which of the following are advantages for the buyer of early supplier involvement with the buyer's product development team?

A1 and 2 only

B1 and 3 only

C2 and 3 only

D2 and 4 only

Show Suggested Answer

Suggested Answer: A

Danny should issue a RFI (Request for Information). His next step would be to find out more about the products available by asking suppliers for information- this will help him put a spec together before he goes out to tender. The other options mean; RFQ - request for quotation- when you ask suppliers to submit a price. ITT- Invitation to tender -- a document you send out to suppliers which details all the information about the tender (this usually involves both price and quality components of assessment). OJEU- Official Journal of the European Union- where tenders for the Public Sector are published. For more info on RFI see p.74

by Erasmo at Sep 19, 2024, 08:15 AM

Limited Time Offer

25%

Off

Get Premium L4M6 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Sylvia

26 days ago

Wait, is 'reduced time-to-market' a real phrase or did they just make that up to confuse us? I'll go with C, just to be safe.

upvoted 0 times

Lonna

2 days ago

B: I think it's also about improving product quality and reducing costs.

upvoted 0 times

...

Cecily

12 days ago

A: Reduced time-to-market is a real term, it means getting the product to market faster.

upvoted 0 times

...

...

Ahmed

2 months ago

Ha! Early supplier involvement? More like early supplier headache. But I guess option B makes the most sense.

upvoted 0 times

Rex

14 days ago

Definitely, it's all about finding that balance.

upvoted 0 times

...

Christene

21 days ago

But it does help with cost and quality.

upvoted 0 times

...

Alaine

1 months ago

Yeah, having suppliers involved early can be a headache.

upvoted 0 times

...

Shawnna

1 months ago

I think option B is the best choice.

upvoted 0 times

...

...

Paz

2 months ago

This is a tricky one, but I'm going to go with D. Getting access to the supplier's expertise and technology is a huge plus.

upvoted 0 times

...

Nickole

2 months ago

I'm leaning towards C. Improved quality and reduced time-to-market seem like the biggest perks for the buyer here.

upvoted 0 times

Glory

24 days ago

Yeah, those are definitely important factors to consider when involving suppliers early on.

upvoted 0 times

...

Tamesha

26 days ago

I think C makes sense. Quality and time-to-market are key benefits.

upvoted 0 times

...

...

Martha

2 months ago

I believe the correct answer is C) 2 and 3 only, as those are the main benefits for the buyer.

upvoted 0 times

...

Iesha

2 months ago

Hmm, I think it's B. Early supplier involvement can help with design optimization and cost reduction, which are key advantages for the buyer.

upvoted 0 times

...

Yasuko

2 months ago

I agree, it can lead to better product quality and cost savings.

upvoted 0 times

...

Leonor

2 months ago

I think the advantages of early supplier involvement are important for the buyer.

upvoted 0 times

...