CIPS Exam A7 Topic 1 Question 59 Discussion

Actual exam question for CIPS's A7 exam

Question #: 59
Topic #: 1

[All A7 Questions]

Which of the following statements describing the objectives of a purchasing department best represents a strategic approach to the function?

AOptimizations of the total cost of ownership

BPrimary focus: to keep production running

CThe measurement of price reductions

DSome long term contracts.

Show Suggested Answer

Suggested Answer: B

by Bambi at May 18, 2024, 09:48 PM

Limited Time Offer

25%

Off

Get Premium A7 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Leonard

1 years ago

I think A) is the way to go. Who needs production anyway? We can just order everything on Amazon Prime and call it a day!

upvoted 0 times

...

Kris

1 years ago

D) Some long term contracts - this is a tactic, not a strategic approach. We need to think bigger picture here.

upvoted 0 times

Berry

12 months ago

C) The measurement of price reductions

upvoted 0 times

...

Cyril

12 months ago

B) Primary focus: to keep production running

upvoted 0 times

...

Herminia

12 months ago

A) Optimization of the total cost of ownership

upvoted 0 times

...

Joni

1 years ago

C) The measurement of price reductions - while important, this is a narrow metric that doesn't capture the broader strategic objectives.

upvoted 0 times

Jules

11 months ago

D) Some long term contracts can help with stability and cost savings

upvoted 0 times

...

Chu

11 months ago

C) The measurement of price reductions is important, but it's not the only focus

upvoted 0 times

...

Lemuel

1 years ago

A) Optimization of the total cost of ownership

upvoted 0 times

...

Dorinda

1 years ago

B) Primary focus: to keep production running - this is more of an operational focus, not a strategic one.

upvoted 0 times

...

Lilli

1 years ago

A) Optimizations of the total cost of ownership - this is clearly a strategic approach that considers the long-term impact of purchasing decisions.

upvoted 0 times

Cherilyn

12 months ago

D) Some long term contracts.

upvoted 0 times

...

Catina

1 years ago

D) Some long term contracts.

upvoted 0 times

...

Catina

1 years ago

A) Optimizations of the total cost of ownership

upvoted 0 times

...

Cherilyn

1 years ago

A) Optimizations of the total cost of ownership

upvoted 0 times

...

Holley

1 years ago

D) Some long term contracts.

upvoted 0 times

...

Holley

1 years ago

A) Optimizations of the total cost of ownership

upvoted 0 times

...