Procurement team is required to improve leverage with their suppliers through spend consolidation.

CIPS L4M5 Question Answer

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?

Spend analysis

Value engineering

Price analysis

Total cost analysis

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CIPS L4M5 Summary

Vendor: CIPS
Product: L4M5
Update on: Jul 30, 2025
Questions: 317

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Procurement team is required to improve leverage with their suppliers through spend consolidation.

The Answer Is:

Explanation:

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