Exam L4M5 Topic 7 Question 230 Discussion

Actual exam question for CIPS's L4M5 exam
Question #: 230
Topic #: 7
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 Vote an answer

Explanation
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.

by Colby at Sep 09, 2025, 02:56 PM

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