A procurement professional is preparing for a negotiation of purchasing non-critical commodity products.

Vendor: CIPS
Product: L4M5
Update on: Oct 29, 2025
Questions: 373

CIPS L4M5 Question Answer

A procurement professional is preparing for a negotiation of purchasing non-critical commodity products. He knows that the product can be easily replaced by other substitutes in the market. The negotiation for these products is typified by which of the following?

The buyer should focus on wider costs and risk elements

The approach must be collaborative

There will be only limited negotiation

There will be regular structured negotiations