BlackFriday 2024! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIPS Exam L4M2 Topic 10 Question 35 Discussion

Actual exam question for CIPS's L4M2 exam
Question #: 35
Topic #: 10
[All L4M2 Questions]

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?

Show Suggested Answer Hide 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 Hyun at May 20, 2024, 09:41 AM

Limited Time Offer

25%

Off

Get Premium L4M2 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Viola
5 months ago
I'm all for B) Simplifying the procurement process. Less bureaucracy, more efficiency. Let's get these items ordered without all the fuss!
upvoted 0 times
Salina
4 months ago
B) Simplify procurement process seems like the way to go for these items.
upvoted 0 times
...
Cyndy
4 months ago
Definitely, simplifying the process will save time and resources.
upvoted 0 times
...
Bulah
5 months ago
I agree, let's make it easier to purchase these items.
upvoted 0 times
...
...
Pa
5 months ago
Ah, the age-old dilemma - do we go for the cheapest option or the one that keeps things simple? Decisions, decisions!
upvoted 0 times
...
Alba
5 months ago
C) Build partnership with suppliers is the smart move. Secure that supply continuity and keep everything running smoothly.
upvoted 0 times
...
Jacquelyne
5 months ago
D) Drive down cost based on market competition seems like the logical choice here. Why pay more than we have to for these low-impact items?
upvoted 0 times
Anthony
4 months ago
User 2
upvoted 0 times
...
Lorita
4 months ago
User 1
upvoted 0 times
...
Valentin
4 months ago
User 2
upvoted 0 times
...
Cora
5 months ago
User 1
upvoted 0 times
...
Rashida
5 months ago
C: Enhancing supply continuity could also be a good option to consider.
upvoted 0 times
...
Lajuana
5 months ago
B: But wouldn't building a partnership with suppliers be more beneficial in the long run?
upvoted 0 times
...
Dortha
5 months ago
A: I think we should drive down cost based on market competition.
upvoted 0 times
...
...
Erick
6 months ago
I think B) Simplify procurement process is the way to go. No need to overcomplicate things when the items don't have a huge impact.
upvoted 0 times
Estrella
5 months ago
I think building a partnership with suppliers could also be beneficial.
upvoted 0 times
...
Louann
5 months ago
I agree, keeping it simple is key.
upvoted 0 times
...
...

Save Cancel