CIPS L4M6 Exam - Topic 7 Question 48 Discussion

Actual exam question for CIPS's L4M6 exam

Question #: 48
Topic #: 7

A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyze its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. Which of the following STEEPLED factors is most likely to have the greatest effect?

ASociocultural

BTechnological

CEconomic

DEthical

Show Suggested Answer

Suggested Answer: B, C

The correct answers are information sharing and trust. Further qualitative KPIs are listed on p.102. Deliveries in full and on time would be a quantitative KPI and early supplier involvement is not a KPI at all.

by Narcisa at Sep 07, 2024, 10:03 PM

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Dana

6 months ago

Surprised no one mentioned Sociocultural, it's super important!

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Tula

6 months ago

Really? I thought Ethical would play a bigger role nowadays.

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Curtis

6 months ago

Economic factors are huge too, can't overlook that.

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Leonida

7 months ago

Totally agree, tech advancements drive efficiency!

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Danica

7 months ago

I think Technological is key here.

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Monroe

7 months ago

I practiced a similar question where ethical considerations were highlighted, but I wonder if they really outweigh the economic factors in this case.

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Trina

7 months ago

I feel like sociocultural factors could influence consumer preferences, but I'm not convinced they would be the most critical in this context.

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Donte

7 months ago

I'm not entirely sure, but I think economic factors might have a significant impact too, especially with fluctuating costs of components.

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Coleen

8 months ago

I remember we discussed how technological advancements can really change the supply chain dynamics, especially in IT.

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Emilio

8 months ago

I'm leaning towards the technological factor as the most significant. The IT equipment industry is constantly evolving, and new technologies could disrupt the supply chain in major ways.

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Barrett

8 months ago

Okay, let's see. The company is looking at its supply market, so I'm thinking the economic factor might be the most important here. The state of the economy and any changes in costs or availability of components could have a big influence.

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Teri

8 months ago

Hmm, I'm a bit unsure about this one. The STEEPLED framework covers a lot of different factors, and I'll need to think carefully about which one is most relevant in this context.

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Nakita

8 months ago

This seems like a straightforward STEEPLED analysis question. I'll focus on identifying the factor that's likely to have the greatest impact on the company's supply chain.

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Rosenda

8 months ago

Hmm, this looks like a tricky one. I'll need to carefully analyze the AS path regular expression and the behavior of the import policy on Router R3.

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Nina

8 months ago

Okay, I've got this. The "All of the above or below" option is the correct answer since the other options - Copy tool, Level tool, and Array tool - are all valid ways to create new levels. I'm confident in this response.

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Willow

1 year ago

Forget the STEEPLED framework, I'd just go with whatever gives me the best discount from the suppliers. That's the real bottom line, am I right?

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Horace

11 months ago

Discounts are important, but we shouldn't overlook factors like the economy or legal issues that could affect our business in the long run.

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Norah

11 months ago

I agree, discounts are great, but we also need to consider factors like technology and politics that could impact our supply chain.

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Hildred

11 months ago

True, discounts are important, but analyzing the external environment can help us make better long-term decisions.

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Walker

1 year ago

Hold on, I think the Ethical factor is the way to go. With increasing focus on sustainability and corporate social responsibility, the company needs to ensure its suppliers align with its ethical standards.

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Desiree

1 year ago

A: It's a key factor that can impact the company's brand image and overall success.

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Sherell

1 year ago

B: Definitely, it's important to consider the ethical practices of suppliers in today's business environment.

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Thaddeus

1 year ago

A: I agree, the Ethical factor is crucial for the company's reputation and sustainability.

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Cathrine

1 year ago

I disagree, the Sociocultural factor is probably the most important. Understanding the cultural and social dynamics of the UK supplier market is key to building strong relationships.

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Carmela

1 year ago

Hmm, I'm not too sure. The Technological factor could also be a major influence, especially with the rapid advancements in IT equipment. The company needs to stay on top of the latest tech trends.

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Gussie

12 months ago

D: True, understanding the societal values and norms can help the company make informed decisions.

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Herman

1 year ago

C: Sociocultural factors can also play a significant role in shaping the supply market.

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Shasta

1 year ago

B: I agree, staying updated with the latest tech trends is essential in the IT industry.

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Annita

1 year ago

A: I think the Technological factor is crucial for the company's supply chain.

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Merissa

1 year ago

I think the Economic factor is the most likely to have the greatest effect. Analyzing the economic conditions of the supplier market will be crucial for the company to develop its supply chain effectively.

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