CIPS Exam A7 Topic 1 Question 59 Discussion

Actual exam question for CIPS's A7 exam

Question #: 59
Topic #: 1

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

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Leonard

6 months 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!

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Kris

6 months ago

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

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Berry

5 months ago

C) The measurement of price reductions

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Cyril

5 months ago

B) Primary focus: to keep production running

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Herminia

6 months ago

A) Optimization of the total cost of ownership

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Joni

6 months ago

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

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Jules

5 months ago

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

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Chu

5 months ago

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

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Lemuel

6 months ago

A) Optimization of the total cost of ownership

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Dorinda

6 months ago

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

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Lilli

7 months ago

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

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Cherilyn

6 months ago

D) Some long term contracts.

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Catina

6 months ago

D) Some long term contracts.

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Catina

6 months ago

A) Optimizations of the total cost of ownership

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Cherilyn

6 months ago

A) Optimizations of the total cost of ownership

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Holley

6 months ago

D) Some long term contracts.

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Holley

6 months ago

A) Optimizations of the total cost of ownership

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