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CIPS Exam L4M6 Topic 3 Question 42 Discussion

Actual exam question for CIPS's L4M6 exam

Question #: 42
Topic #: 3

[All L4M6 Questions]

The ABC Analysis, also known as the Pareto Analysis, is a technique that can be used by procurement to which purpose?

Asupplier positioning

Bcost analysis

Crelationship spectrum

Dcost engineering

Show Suggested Answer

Suggested Answer: B

The correct answer is 'Conduct regular audits'. This is explained on p.153. You wouldn't do an appraisal on a supplier in a partnership relationship as both parties are equal. Threatening a partner isn't good for the relationship and a damages clause would be used in a contractual relationship rather than a partnership.

by Raymon at Jun 22, 2024, 10:39 PM

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Lai

2 days ago

Cost analysis, of course! The whole point is to identify the vital few items that account for the majority of expenditures.

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Corrina

12 days ago

I believe it can also be used for supplier positioning, not just cost analysis.

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Lavonna

12 days ago

The ABC Analysis is definitely for supplier positioning. I've used it to categorize my vendors and focus on the critical few.

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Leonora

14 days ago

I agree with Lonna, it helps in analyzing costs effectively.

upvoted 0 times

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Lonna

25 days ago

I think the ABC Analysis is used for cost analysis.

upvoted 0 times

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