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CIPS Exam L4M5 Topic 12 Question 10 Discussion
Actual exam question for
CIPS's
L4M5 exam
Question #: 10
Topic #: 12
[All L4M5 Questions]
Topic #: 12
Procurement team is required to improve leverage with their suppliers through spend consolidation. To check whether there is any opportunity to consolidate spend, which of the following should be priority of procurement team?
Suggested Answer:
A
In order to identify opportunities where you can increase your leverage with supplier, you need to understand your spend. Undertaking spend analysis of your accounts payable (AP) data is an essential first step here.
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