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

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Glennis

5 days ago

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

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Rutha

7 days 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.

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Hector

8 days 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.

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Carissa

21 days ago

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

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