CIPS Exam L4M4 Topic 2 Question 26 Discussion

Actual exam question for CIPS's L4M4 exam

Question #: 26
Topic #: 2

Daniel is evaluating bids from new suppliers who are looking to supply his company XYZ Indus-tries with components for manufacturing. Although price is important, Daniel wishes to consider 'added value'. Which of the following is considered an 'added-value solution'? Select THREE

Ainnovation

Bon time in full deliveries

Cbulk discount

Dsustainability

Ecost plus pricing

Show Suggested Answer

Suggested Answer: A, B, D

The correct answers are innovation, on time in full deliveries and sustainability.

The other options are pricing mechanisms rather than 'added value'. Added Value is giving the buyer something extra that's not necessarily financial. It can be as simple as delivering orders quicker than expected, or having a dedicated customer service phone line. Something that makes their lives a little easier.

by Kassandra at Nov 18, 2024, 09:01 PM

Limited Time Offer

25%

Off

Get Premium L4M4 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Jacqueline

5 days ago

What kind of supplier doesn't do on-time deliveries these days? That's like table stakes. Anyway, I agree with innovation and sustainability, and I'll throw in bulk discount as the third one. Hey, at least it's better than cost plus pricing - that sounds like a total rip-off!

upvoted 0 times

...

Altha

6 days ago

Definitely innovation and sustainability. On-time deliveries are important, but not really 'added value' in my opinion. As for the third one... I'll go with bulk discount, I guess, though that's not super exciting.

upvoted 0 times

...

Jerlene

19 days ago

I believe on time in full deliveries is crucial as well, it shows reliability.

upvoted 0 times

...

Lonny

21 days ago

I agree with Erasmo, sustainability is also important for added value.

upvoted 0 times

...

Jody

1 months ago

Innovation and sustainability for sure, but I'm not convinced on-time deliveries are an 'added-value' per se - that's kind of the bare minimum, isn't it? Hmm, tough call on the third one.

upvoted 0 times

...

Elsa

1 months ago

I think innovation, sustainability, and on-time in full deliveries are the clear 'added-value solutions' here. Bulk discount and cost plus pricing are more about price than value-add.

upvoted 0 times