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 4 Question 38 Discussion

Actual exam question for CIPS's L4M2 exam
Question #: 38
Topic #: 4
[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 Erick at Jun 29, 2024, 03:08 PM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel
Stephaine
4 months ago
I see your point, Caprice, but ensuring a stable supply chain through partnerships might be more beneficial in the long run.
upvoted 0 times
...
Caprice
4 months ago
But wouldn't driving down costs based on market competition also be a good strategy?
upvoted 0 times
...
Idella
4 months ago
D) Drive down cost based on market competition? Are you kidding me? That's so last century. We need to embrace the 'supply chain cuddle' approach.
upvoted 0 times
...
Brittani
4 months ago
I agree with Stephaine, it's important to have a strong relationship with suppliers for these items.
upvoted 0 times
...
Delmy
4 months ago
C) Build partnership with suppliers, that's the way to go. Who needs competition when you can have a cozy relationship?
upvoted 0 times
Chantell
2 months ago
C) Build partnership with suppliers
upvoted 0 times
...
Melina
2 months ago
B) Simplify procurement process
upvoted 0 times
...
Leonida
2 months ago
A) Enhance supply continuity
upvoted 0 times
...
Odette
3 months ago
C: Build partnership with suppliers
upvoted 0 times
...
Giovanna
3 months ago
B: Simplify procurement process
upvoted 0 times
...
Ronnie
3 months ago
A: Enhance supply continuity
upvoted 0 times
...
...
Stephaine
4 months ago
I think building partnership with suppliers would be the best approach.
upvoted 0 times
...
Sherly
4 months ago
B) Simplify procurement process, for sure! Gotta make things easier, not harder.
upvoted 0 times
Aja
3 months ago
C) Build partnership with suppliers
upvoted 0 times
...
Sina
4 months ago
B) Simplify procurement process
upvoted 0 times
...
Herschel
4 months ago
A) Enhance supply continuity
upvoted 0 times
...
...

Save Cancel