CIPS Exam L4M6 Topic 3 Question 62 Discussion

Actual exam question for CIPS's L4M6 exam

Question #: 62
Topic #: 3

[All L4M6 Questions]

Kyle Grant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over 10,000. What is the primary aim of this policy?

ATo deliver an agile process

BTo ensure value for money is achieved

CTo allow procurement to select the lowest price

DTo enable a reduction in competition

Show Suggested Answer

Suggested Answer: B

Obtaining multiple quotations ensures value for money by comparing suppliers based on cost, quality, and other criteria. It promotes competitive pricing and informed decision-making.

by Karma at Apr 07, 2025, 10:05 PM

Limited Time Offer

25%

Off

Get Premium L4M6 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Nobuko

2 months ago

I believe the policy aims to deliver an agile process by considering multiple suppliers for contracts over 10,000.

upvoted 0 times

...

Glory

2 months ago

The answer is obvious - it's to ensure value for money. Anything else would just be silly. Although, I do wonder if the procurement director has a secret vendetta against suppliers or something.

upvoted 0 times

Apolonia

2 days ago

It's important to make sure the company is getting the best deal possible.

upvoted 0 times

...

Elenora

4 days ago

I think it's a smart move to get quotes from multiple suppliers for larger contracts.

upvoted 0 times

...

Annalee

9 days ago

I agree, the primary aim is definitely to ensure value for money.

upvoted 0 times

...

Rosenda

2 months ago

I agree with Carissa, getting quotes from multiple suppliers can help in achieving value for money.

upvoted 0 times

...

Gary

2 months ago

Wow, a policy that reduces competition? That's a new one. Maybe the procurement director is trying to set up their friends with juicy contracts.

upvoted 0 times

...

Glennis

2 months ago

Ha! The procurement director must be trying to get the lowest price possible. That's the only reason to require multiple quotes, right?

upvoted 0 times

Gilberto

5 days ago

That's true, sometimes quality and reliability are more important than just the price.

upvoted 0 times

...

Aliza

12 days ago

But what if the lowest price doesn't always mean the best value?

upvoted 0 times

...

Clemencia

16 days ago

I agree, it's important to compare prices from different suppliers to get the best deal.

upvoted 0 times

...

Breana

1 months ago

I think the primary aim is to ensure value for money is achieved.

upvoted 0 times

...

Rutha

2 months ago

I disagree, the aim is to deliver an agile process. By requiring multiple quotes, the procurement function can respond quickly to changing market conditions.

upvoted 0 times

...

Hector

2 months ago

The primary aim of this policy is clearly to ensure value for money is achieved. Obtaining multiple quotes is the best way to get the best deal for the company.

upvoted 0 times

Destiny

1 months ago

User 2

upvoted 0 times

...

Katheryn

1 months ago

User 1

upvoted 0 times

...

Carissa

2 months ago

I think the primary aim is to ensure value for money is achieved.

upvoted 0 times

...