CIPS Exam A7 Topic 1 Question 61 Discussion

Actual exam question for CIPS's A7 exam

Question #: 61
Topic #: 1

[All A7 Questions]

Supply base rationalization is best achieved by which of the following means?

AInvestigating the supply market to recruit more suppliers to lower the supply risk

BEvaluating existing suppliers with the aim of reducing the number but improving the quality

CReviewing the supply base and retaining only the lowest cost suppliers

DRetaining all existing suppliers but reducing direct contact by supplier tiering.

Show Suggested Answer

Suggested Answer: D

by Sarah at Jun 20, 2024, 07:37 PM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Elliot

5 months ago

Option D? Really? Reducing direct contact with suppliers is the opposite of what supply base rationalization is about.

upvoted 0 times

...

Tasia

5 months ago

Haha, Option C is like the corporate version of 'buy low, sell high' - not very practical in the real world.

upvoted 0 times

Francoise

3 months ago

I think Option B could be a better strategy in the long run.

upvoted 0 times

...

Margery

3 months ago

Yeah, it might not be the best approach for long-term success.

upvoted 0 times

...

Stephane

3 months ago

I agree, Option C seems a bit too simplistic.

upvoted 0 times

...

Pearly

3 months ago

Pok: Exactly, it's all about reducing risk and improving efficiency.

upvoted 0 times

...

Pok

4 months ago

Yeah, I agree. It's better to have fewer suppliers but ensure they are reliable.

upvoted 0 times

...

Stevie

4 months ago

I think Option B makes more sense, quality over quantity.

upvoted 0 times

...

Lai

5 months ago

I agree with Lashanda, Option B is the best approach. Evaluating and streamlining the existing suppliers is more effective than just adding more.

upvoted 0 times

...

Lashanda

5 months ago

Option B seems the way to go. Reducing the number of suppliers while improving quality is key for supply base rationalization.

upvoted 0 times

Arthur

4 months ago

I think evaluating existing suppliers to reduce the number and improve quality is a smart approach.

upvoted 0 times

...

Arthur

4 months ago

I agree, quality over quantity is important when it comes to supply base rationalization.

upvoted 0 times

...

Meaghan

5 months ago

That's true, but quality is also important to consider in supply base rationalization.

upvoted 0 times

...

Delfina

5 months ago

But wouldn't recruiting more suppliers help lower supply risk?

upvoted 0 times

...

Leanora

5 months ago

I agree with Meaghan, reducing the number of suppliers can help streamline operations.

upvoted 0 times

...

Meaghan

6 months ago

I think the best way is to evaluate existing suppliers and improve quality.

upvoted 0 times

...