CPSM Exam 3 Practice Questions - CPSM Exam 3 - Leadership And Transformation In Supply Management Exam

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A Chief Procurement Officer wants to align the supply management function's three-year strategy with the corporate strategic plan. Which step should come FIRST?

Issue a supplier diversity report to the board Conduct a spend analysis and benchmark unit prices Analyze the corporate strategic priorities and translate them into supply management objectives Negotiate long-term contracts with the top 20 suppliers

Correct Answer:

Analyze the corporate strategic priorities and translate them into supply management objectives

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