Free CIPS L4M6 Exam Questions

Friends Company manufactures a product which requires a particular type of valves. The company currently purchases the valves from a supplier at a price of $5 per unit. After analysing the market, the procurement team finds that other suppliers would supply with the same price or higher. With current capacity, the company is able to produce the valves internally. Which of the following should be considered if the company decides to in-source the valve production? Select TWO that apply

FreezeIT is a big company that sets up refrigeration systems for skating stadiums. It needs a special part for the systems. The procurement manager of FreezeIT finds out that there is only one supplier who makes this part because it has the patent for the technology. Which of the following is right course of action that might help FreezeIT open up the opportunity for new suppliers?

Is ABC analysis a suitable technique for a procurement professional to categorise purchases by their profit impact and supply risk?

What is the correct order of the stages of team development?