During which stage of the procurement cycle would you remove suppliers that do not add value, or could pose a risk to the buying organisation?

During which stage of the procurement cycle would you remove suppliers that do not add value, or could pose a risk to the buying organisation?
A . develop strategy
B . supplier selection
C . contract award
D . asset management

View Answer

Answer: B

Explanation:

At supplier selection stage, unsuitable suppliers should be removed (those that do not add value or pose a risk). At develop strategy stage you’re not even looking at suppliers yet- you’re just deciding what you need. At contract award and asset management it’s too late. CIPS procurement cycle – Procurement Supply Cycle | CIPS