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Exam L4M8 Topic 13 Question 41 Discussion
CIPS Exam L4M8 Topic 13 Question 41 Discussion
Actual exam question for CIPS's L4M8 exam
Question #: 41
Topic #: 13
[All L4M8 Questions]
How can procurement professionals select suppliers?
A
Explanation:
During the sourcing stage of the procurement cycle, the procurement professional needs to identify and select suppliers to fulfill the business needs. Supplier selection involves evaluating suppliers against predetermine criteria to assess their suitability in working with the buying organization. Suppliers can be evaluated according to Carter's 10Cs which are as follows: (1) Competency (2) capacity (3) consistency (4) control (5) cost (6) commitment (7) cash (8) Clean (9) culture (10) communication.
Procurement professionals can decide to evaluate and select suppliers based on the overall strategy and the business objectives. After that, it most suitable suppliers receive the documentation (Invitation to tender/ request for quotation).
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Evette
2 months ago
This is great, but I hope they also consider the suppliers' sense of humor. A little lightheartedness can go a long way in a business relationship, don't you think?
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Alishia
2 months ago
Haha, 'Clean' as one of the 10Cs? I guess they want to make sure the suppliers aren't, you know, too dirty or smelly. Gotta keep it professional!
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Nan
2 months ago
I like how the explanation covers the entire sourcing process, from identifying suppliers to the final selection. Very thorough.
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Hester
17 days ago
Definitely, selecting the right suppliers is crucial for the success of the procurement process.
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Blondell
19 days ago
Once the most suitable suppliers are identified, they receive the necessary documentation for the procurement process.
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Estrella
22 days ago
I agree, it's important to evaluate suppliers based on various criteria to ensure they are the right fit.
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Vallie
26 days ago
Yes, selecting suppliers that align with the overall strategy is crucial for success.
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Laura
30 days ago
Yes, the explanation really breaks down the supplier selection process well.
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Gail
1 months ago
It's important to evaluate suppliers based on competency, capacity, and other criteria.
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Edmond
3 months ago
Wow, this is a comprehensive list of factors to consider when selecting suppliers. I'm glad they covered the 10Cs - that's really helpful.
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Gilbert
2 months ago
It's important to consider all those factors to make the best choice for the business.
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Novella
2 months ago
Yes, the 10Cs provide a good framework for evaluating suppliers.
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Allene
3 months ago
I believe consistency and communication are crucial factors to consider when selecting suppliers.
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Steffanie
3 months ago
Yes, I agree. Evaluating suppliers on their capacity and commitment is also important.
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Susana
3 months ago
I think procurement professionals can select suppliers based on their competency and cost.
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Evette
2 months agoAlishia
2 months agoNan
2 months agoHester
17 days agoBlondell
19 days agoEstrella
22 days agoVallie
26 days agoLaura
30 days agoGail
1 months agoEdmond
3 months agoGilbert
2 months agoNovella
2 months agoAllene
3 months agoSteffanie
3 months agoSusana
3 months ago