CIPS Exam L4M2 Topic 10 Question 24 Discussion

Actual exam question for CIPS's L4M2 exam

Question #: 24
Topic #: 10

A company has a lists of items that make up 15% of total spend. These items also do not largely impact on quality of final product. The supply continuity is secured. Which of the following will be the most appropriate managing approach to purchase these items?

AEnhance supply continuity

BSimplify procurement process

CBuild partnership with suppliers

DDrive down cost based on market competition

Show Suggested Answer

Suggested Answer: B

Those items make up small portion of spend and the supply risk is low. So it is tactical item according to Kraljic portfolio matrix. Procurement should bundle these items into larger contracts, simplify procurement process.

LO 2, AC 2.1

by Belen at Nov 26, 2023, 02:45 PM

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