CPSM Exam 2 Practice Questions - CPSM Exam 2 - Supply Management Integration Exam

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A category team segments its portfolio using the Kraljic matrix. A purchased component falls in the 'strategic' quadrant (high supply risk, high profit impact). Which sourcing approach is MOST appropriate?

Automate purchasing through a catalog and reduce oversight Use competitive bidding to drive annual price reductions Develop a collaborative partnership with a preferred supplier Switch to spot-market buying to avoid long-term commitments

Correct Answer:

Develop a collaborative partnership with a preferred supplier

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