CIPS Supplier Relationships L4M6 Question # 65 Topic 7 Discussion

CIPS Supplier Relationships L4M6 Question # 65 Topic 7 Discussion

L4M6 Exam Topic 7 Question 65 Discussion:
Question #: 65
Topic #: 7

Fashion buyer Kamal Sumai is working closely with a key overseas supplier and is monitoring and forecasting cost volatility within the fabric market. Kamal has decided it is the right time to raise a purchase order with his supplier, for a greater quantity of fabric than he currently needs. Kamal is attempting to avoid an imminent pricing increase. What is this tactic known as?


A.

Hedging buying


B.

Forward buying


C.

Derivative buying


D.

Spot buying


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