CIPS Exam L4M2 Topic 8 Question 42 Discussion

Actual exam question for CIPS's L4M2 exam

Question #: 42
Topic #: 8

[All L4M2 Questions]

Which of the following is a challenge of making a business case for straight re-buys?

ATerms and conditions

BResearch of procurement process

CEffective inventory control

DIdentifying suitable suppliers

Show Suggested Answer

Suggested Answer: C

For straight re-buy, the specifications for the products are known. Generally, there will be an existing contract with supplier in place. The business need is challenged annually, only on the annual demand. So effective inventory control will help procurement successfully manage straight re-buy.

LO 1, AC 1.1

by Mariann at Aug 26, 2024, 01:19 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Noemi

2 months ago

C) Effective inventory control is crucial. Don't want to end up with a surplus of paper clips and a shortage of printer ink!

upvoted 0 times

Kenneth

27 days ago

C) Identifying suitable suppliers is key to making sure you have a reliable source for your re-buys.

upvoted 0 times

...

Ivan

28 days ago

B) Research of procurement process can help ensure that you are getting the best deal for your business.

upvoted 0 times

...

Alise

1 months ago

A) Terms and conditions are also important to consider when making a business case for straight re-buys.

upvoted 0 times

...

Nettie

2 months ago

I'd say D) Identifying suitable suppliers. You don't want to be stuck with a vendor that can't deliver on time, you know?

upvoted 0 times

Johanna

16 days ago

True, you need to have the right amount of stock at all times.

upvoted 0 times

...

Bettye

24 days ago

I think effective inventory control is also important to consider.

upvoted 0 times

...

Filiberto

1 months ago

Definitely, it can make or break a business deal.

upvoted 0 times

...

Gracia

1 months ago

I agree, finding the right supplier is crucial for success.

upvoted 0 times

...

Kiley

2 months ago

I think terms and conditions can also be a challenge in making a business case for straight re-buys.

upvoted 0 times

...

Vallie

2 months ago

I believe effective inventory control is also a challenge.

upvoted 0 times

...

Jovita

2 months ago

B) Research of procurement process seems like the most challenging part. Gotta navigate that bureaucracy, am I right?

upvoted 0 times

Kayleigh

1 months ago

B) Yeah, it's definitely a challenge to research the procurement process. So much red tape to cut through.

upvoted 0 times

...

Brock

2 months ago

A) Terms and conditions can also be tricky to navigate when making a business case for straight re-buys.

upvoted 0 times

...

Dorathy

2 months ago

Definitely C) Effective inventory control. Keeping track of supplies is key for straight re-buys.

upvoted 0 times

Marjory

2 months ago

D) Identifying suitable suppliers is also crucial for straight re-buys. You need reliable sources for your supplies.

upvoted 0 times

...

Dolores

2 months ago

C) Effective inventory control is definitely a challenge. It's important to keep track of supplies.

upvoted 0 times

...

Jeanice

3 months ago

I agree with Trina, finding the right suppliers can be difficult.

upvoted 0 times

...

Trina

3 months ago

I think the challenge is identifying suitable suppliers.

upvoted 0 times

...