CIPS Exam A7 Topic 1 Question 56 Discussion

Actual exam question for CIPS's A7 exam

Question #: 56
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 Dana at Apr 24, 2024, 03:50 PM

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Serita

9 months ago

Yes, that's a valid point. Maybe evaluating existing suppliers is a better option after all.

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Lindsey

9 months ago

But wouldn't that increase complexity in managing suppliers?

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Gracia

9 months ago

I think investigating the supply market to recruit more suppliers could help in lowering the supply risk.

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Serita

9 months ago

I disagree, I believe reviewing the supply base and retaining only the lowest cost suppliers is more effective.

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Lindsey

10 months ago

I think the best way to achieve supply base rationalization is by evaluating existing suppliers to reduce their number.

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Cristen

10 months ago

I prefer reviewing the supply base and keeping only the lowest cost suppliers.

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Stevie

10 months ago

I believe evaluating existing suppliers to reduce the number is more effective.

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Garry

10 months ago

I think the best way is to investigate the supply market for more suppliers.

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