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CIPS Exam L4M4 Topic 2 Question 26 Discussion

Actual exam question for CIPS's L4M4 exam
Question #: 26
Topic #: 2
[All L4M4 Questions]

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

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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

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Jacqueline
2 months 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!
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Altha
2 months 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.
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Merissa
2 months ago
I think on-time deliveries can also be considered added value, but I see your point about it not being as exciting.
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Dorethea
2 months ago
I agree, innovation and sustainability are definitely important for added value.
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Jerlene
3 months ago
I believe on time in full deliveries is crucial as well, it shows reliability.
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Lonny
3 months ago
I agree with Erasmo, sustainability is also important for added value.
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Jody
3 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.
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Elsa
3 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.
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Desmond
2 months ago
Bulk discount and cost plus pricing are more about price, not value-add.
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Tamesha
3 months ago
On-time in full deliveries is crucial for efficiency and customer satisfaction.
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Brock
3 months ago
I think sustainability is important too, it adds value to the company.
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Edward
3 months ago
I agree, innovation is definitely an added-value solution.
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Erasmo
3 months ago
I think innovation is definitely an added-value solution.
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