CIPS L4M6 Exam - Topic 3 Question 42 Discussion

Actual exam question for CIPS's L4M6 exam

Question #: 42
Topic #: 3

[All L4M6 Questions]

The ABC Analysis, also known as the Pareto Analysis, is a technique that can be used by procurement to which purpose?

Asupplier positioning

Bcost analysis

Crelationship spectrum

Dcost engineering

Show Suggested Answer

Suggested Answer: B

The correct answer is 'Conduct regular audits'. This is explained on p.153. You wouldn't do an appraisal on a supplier in a partnership relationship as both parties are equal. Threatening a partner isn't good for the relationship and a damages clause would be used in a contractual relationship rather than a partnership.

by Raymon at Jun 22, 2024, 10:39 PM

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Maricela

6 months ago

Definitely A, it helps prioritize suppliers effectively.

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Joaquin

6 months ago

Wait, is this really just for positioning? Sounds off.

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Cristal

6 months ago

I thought it was more about cost analysis?

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Aracelis

7 months ago

Totally agree, A is the right choice.

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Jaclyn

7 months ago

It's mainly for supplier positioning!

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Jerlene

7 months ago

I vaguely recall that it could be used for cost engineering as well, but I'm leaning towards supplier positioning since it categorizes suppliers based on importance.

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Ming

7 months ago

I feel a bit confused about this one. I thought the ABC Analysis was more about managing inventory rather than directly related to supplier relationships.

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Rex

7 months ago

I practiced a similar question before, and I think the ABC Analysis is more about cost analysis. It helps prioritize spending, right?

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Lemuel

8 months ago

I remember studying the ABC Analysis, but I'm not entirely sure how it applies specifically to procurement. I think it might relate to supplier positioning?

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Goldie

8 months ago

Ah, I remember now - the ABC Analysis is used to prioritize and manage inventory. I think the best answer here is B, cost analysis.

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Emmanuel

8 months ago

I remember learning about the Pareto Principle in class, which is the same as the ABC Analysis. I believe the purpose is to help with supplier relationships, so I'll select C.

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Janey

8 months ago

The ABC Analysis is all about categorizing items based on their importance, so I think the right answer is B - cost analysis.

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Phillip

8 months ago

I'm pretty sure the ABC Analysis is used for supplier positioning, so I'll go with option A.

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Katina

8 months ago

Hmm, I'm a bit unsure about this one. I think it might be related to cost analysis, but I'm not totally confident.

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Erick

8 months ago

Hmm, I'm not totally sure about this one. I guess the 'Confirm Compliance' option might work, but I'm not 100% confident that's the right answer.

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Sena

8 months ago

Hmm, I'm a bit unsure about the differences between smart-vlan and mux-vlan. I'll need to review that part carefully.

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Ilene

8 months ago

I remember practicing a similar question where we had to calculate cumulative percentages, but this one looks a bit trickier with the exact values.

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Avery

8 months ago

Hmm, I'm a bit unsure about this one. I know ozone can be harmful to the respiratory system, but I'm not sure which specific reaction it causes. I'll have to think it through step-by-step.

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Nohemi

8 months ago

Hmm, I'm a bit unsure about this one. I know antenna gain and polarization are important, but I'm not sure about the other options. I'll have to think this through carefully.

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