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?

AExplanation:
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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by Amber at Aug 03, 2024, 02:16 AM

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Evette

1 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

1 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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2 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

2 months ago

I believe consistency and communication are crucial factors to consider when selecting suppliers.

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Steffanie

2 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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