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Tom, a Procurement Manager, is initiating a Supplier Rationalisation project. What should he complete first to direct the project?
Suggested Answer: D
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A Spend Analysis identifies where money is spent and with which suppliers---vital to determine consolidation opportunities before rationalising the base.
Short cited term: ''spend analysis precedes supplier rationalisation.'' (L5M7 Study Guide, p. 203)
2 comments · newest first
MA
Magda
2 days ago
I'm not entirely sure, but I remember something about SWOT Analysis being useful for assessing strengths and weaknesses.
MI
Minna
7 days ago
I think the first step should be to conduct a Spend Analysis to understand current expenditures before making any decisions.