ISM Supply Management Core Exam CORE Question # 38 Topic 4 Discussion

ISM Supply Management Core Exam CORE Question # 38 Topic 4 Discussion

CORE Exam Topic 4 Question 38 Discussion:
Question #: 38
Topic #: 4

MNO, Inc. purchases benchmarking data services from Supplier X, which is the sole source for data relevant to MNO's industry. In recent months, Supplier X's pricing has increased and its technical support has worsened. MNO's supply manager is preparing to negotiate for contract renewal with Supplier X and needs to resolve these concerns. Which of the following is the BEST course action for the supply manager to take before conducting negotiations?


A.

Determine whether data can be collected from other sources, to bring the services in-house


B.

Compare Supplier X's rates against similar services to establish reasonable costs


C.

Develop win-win scenarios to add long-term value in a collaborative relationship


D.

Revise the Service Level Agreement (SLA) with Supplier X, with penalties for non-performance


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