Exam L4M6 Topic 1 Question 218 Discussion

Actual exam question for CIPS's L4M6 exam
Question #: 218
Topic #: 1

Is it correct to suggest that the sole objective of partnership sourcing is to achieve the lowest acquisition cost?

A. Yes, the concept of 'lowest acquisition cost' focuses on collaboration just like partnership sourcing does B. Yes, because the concept of 'lowest acquisition cost' ignores the quoted price and focuses on long-term cost factors C. No, because partnership sourcing considers 'lowest acquisition cost' together with aspects of supplier partnerships D. No, partnership sourcing is not applicable in one-off capital purchases where the concept of 'lowest acquisition cost' applies

Suggested Answer: C Vote an answer

Comprehensive and Detailed Explanation:
Partnership sourcing is a strategic approach that emphasizes long-term collaboration between buyers and suppliers to achieve mutual benefits. While achieving a competitive acquisition cost is a component, it is not the sole objective. Partnership sourcing also focuses on:
* Quality Improvement:Ensuring that products or services meet or exceed quality standards.
* Innovation:Collaborating on new product development and process improvements.
* Risk Management:Sharing information to anticipate and mitigate risks.
* Supply Chain Efficiency:Streamlining processes to reduce lead times and inventory levels.
Therefore, while cost is important, partnership sourcing encompasses a broader range of objectives aimed at creating value for both parties.
Reference:
CIPS L4M6 Study Guide

by Murray at Aug 29, 2026, 10:10 AM

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