CIPS Exam L4M6 Topic 7 Question 48 Discussion

Actual exam question for CIPS's L4M6 exam

Question #: 48
Topic #: 7

[All L4M6 Questions]

A company supplies IT equipment and buys most of its components from first-tier suppliers in the UK. It wants to analyze its supply market to develop the supply chain and is going to review the main factors that have an influence. The company wants to use the STEEPLED external environmental analysis framework to achieve the best result. Which of the following STEEPLED factors is most likely to have the greatest effect?

ASociocultural

BTechnological

CEconomic

DEthical

Show Suggested Answer

Suggested Answer: B, C

The correct answers are information sharing and trust. Further qualitative KPIs are listed on p.102. Deliveries in full and on time would be a quantitative KPI and early supplier involvement is not a KPI at all.

by Narcisa at Sep 07, 2024, 10:03 PM

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Willow

2 months ago

Forget the STEEPLED framework, I'd just go with whatever gives me the best discount from the suppliers. That's the real bottom line, am I right?

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Norah

1 days ago

I agree, discounts are great, but we also need to consider factors like technology and politics that could impact our supply chain.

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Hildred

2 days ago

True, discounts are important, but analyzing the external environment can help us make better long-term decisions.

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Walker

2 months ago

Hold on, I think the Ethical factor is the way to go. With increasing focus on sustainability and corporate social responsibility, the company needs to ensure its suppliers align with its ethical standards.

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Desiree

1 months ago

A: It's a key factor that can impact the company's brand image and overall success.

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Sherell

1 months ago

B: Definitely, it's important to consider the ethical practices of suppliers in today's business environment.

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Thaddeus

1 months ago

A: I agree, the Ethical factor is crucial for the company's reputation and sustainability.

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Cathrine

2 months ago

I disagree, the Sociocultural factor is probably the most important. Understanding the cultural and social dynamics of the UK supplier market is key to building strong relationships.

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Carmela

2 months ago

Hmm, I'm not too sure. The Technological factor could also be a major influence, especially with the rapid advancements in IT equipment. The company needs to stay on top of the latest tech trends.

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Gussie

14 days ago

D: True, understanding the societal values and norms can help the company make informed decisions.

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Herman

1 months ago

C: Sociocultural factors can also play a significant role in shaping the supply market.

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Shasta

1 months ago

B: I agree, staying updated with the latest tech trends is essential in the IT industry.

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Annita

2 months ago

A: I think the Technological factor is crucial for the company's supply chain.

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Merissa

2 months ago

I think the Economic factor is the most likely to have the greatest effect. Analyzing the economic conditions of the supplier market will be crucial for the company to develop its supply chain effectively.

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