Discuss NCMA CPCM Exam Topic 6 Question 6

Supply chain management advocates told buyers that they needed to:

Ause fewer suppliers vs. many suppliers

Bnegotiate long-term contract vs. short-term contracts

Cconduct more detailed progress or milestone tracking of suppliers

DAll of the above

Suggested Answer: D

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14 comments · newest first

Rosio 11 months ago

Milestone tracking is crucial, can't believe some don't do it!

Hildred 12 months ago

Wait, all of the above? Seems like a lot to manage.

Ernie 12 months ago

Long-term contracts are the way to go, for sure!

Darrin 12 months ago

I think having many suppliers can actually reduce risk.

Ryan 1 year ago

Definitely need to use fewer suppliers for better control.

Felicia 1 year ago

I vaguely remember a case study that suggested all of these strategies could be beneficial, so maybe D is the right choice?

Jamey 1 year ago

I think we practiced a question about long-term vs. short-term contracts, and I leaned towards long-term for stability, but I can't recall the exact reasons.

Kerry 1 year ago

I remember discussing the benefits of using fewer suppliers to streamline operations, but I'm not sure if that's the only focus.

Brinda 1 year ago

I feel like detailed tracking of suppliers was emphasized in our last session, but I'm torn between that and the other options.

Norah 1 year ago

I'm a little confused by this question. I'm not sure I fully understand the differences between the risks listed. I'll need to review my notes and try to figure out the best answer.

Glennis 1 year ago

Hmm, I'm not sure about this one. The options seem a bit confusing to me. I'll need to think it through carefully before selecting an answer.

Sharan 1 year ago

Ah, I see what you mean. That makes sense - the goal is to structure the deal in a way that minimizes the overall tax burden for both parties.

Kayleigh 1 year ago

Hmm, this is a tricky one. I think the key is to focus on reducing the overall variation in the product, so I'm leaning towards D. Standard deviation.

Jamal 1 year ago

I think this might be referring to the Long-Range Attack, but I'm not entirely sure. It's all a bit fuzzy right now.

NCMA CPCM Exam - Topic 6 Question 6 Discussion