CIPS Exam L4M8 Topic 2 Question 58 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 58
Topic #: 2

[All L4M8 Questions]

When benchmarking what other factors, apart from price should be considered to find the total cost of acquisition?

AExplanation:
When evaluating potential suppliers, procurement professionals can carry out bench-marking. Benchmarking is the process of comparing a function, a process performance with another which is best in-class.
Other factors, apart from price that can be considered to find the total cost of acquisi-tion include the product or service quality, lead time, supplier culture, its environmental awareness and sustainability.

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Suggested Answer: A

by Dorothy at May 02, 2025, 10:44 AM

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