CIPS Exam A7 Topic 1 Question 54 Discussion

Actual exam question for CIPS's A7 exam

Question #: 54
Topic #: 1

[All A7 Questions]

Supply base rationalization is best achieved by which of the following means?

AInvestigating the supply market to recruit more suppliers to lower the supply risk

BEvaluating existing suppliers with the aim of reducing the number but improving the quality

CReviewing the supply base and retaining only the lowest cost suppliers

DRetaining all existing suppliers but reducing direct contact by supplier tiering.

Show Suggested Answer

Suggested Answer: D

by Nieves at Mar 18, 2024, 02:00 PM

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Larae

4 months ago

Overall, it seems like there are different opinions on the best approach to achieve supply base rationalization. Each option has its own advantages and it ultimately depends on the specific needs and goals of the organization.

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Lennie

5 months ago

I agree, having a diverse supplier base can definitely help in mitigating supply chain disruptions.

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Brandee

5 months ago

I think option A could also be a valid strategy as recruiting more suppliers can help diversify the supply chain and reduce risk.

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Brandon

5 months ago

I see your point, but I personally think option D is more practical as it maintains relationships with all suppliers while streamlining communication.

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