CIPS Exam L4M5 Topic 12 Question 10 Discussion

Actual exam question for CIPS's L4M5 exam

Question #: 10
Topic #: 12

Procurement team is required to improve leverage with their suppliers through spend consolidation. To check whether there is any opportunity to consolidate spend, which of the following should be priority of procurement team?

ASpend analysis

BValue engineering

CPrice analysis

DTotal cost analysis

Show Suggested Answer

Suggested Answer: A

In order to identify opportunities where you can increase your leverage with supplier, you need to understand your spend. Undertaking spend analysis of your accounts payable (AP) data is an essential first step here.

by Gail at May 07, 2022, 10:46 PM

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