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Which two of the following would be unlikely to increase value for money for an organisation?
Suggested Answer: B
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29 comments · newest first
JU
Junita
11 months ago
Not sure about A, sounds a bit sketchy to me.
GA
Galen
11 months ago
B and C are definitely the way to go!
CE
Cecily
12 months ago
Wait, how does attending social events help at all?
HE
Helene
12 months ago
Totally agree, especially with D!
FR
Francoise
1 year ago
A and D seem like the least likely to add value.
VI
Vi
1 year ago
Standardisation of components usually leads to cost savings, so I doubt that would be the answer either. I feel like the social events and late bids are more likely to be the culprits here.
PE
Peggie
1 year ago
I'm a bit confused about accepting a late bid. It seems like it could lead to better options, but I guess it might not always be the case?
FA
Fannie
1 year ago
I remember a practice question where we discussed value analysis and how it typically helps in improving value for money, so I think that one is definitely not the answer.
CH
Chi
1 year ago
I think attending social events at the supplier's expense might not really add value for money, but I'm not completely sure.
JI
Jina
1 year ago
Attending social events and accepting a late bid - those are the two that stand out to me as unlikely to increase value. I'll go with those.
RO
Rosendo
1 year ago
Value analysis and standardization are good ways to improve value, but I'm not sure about the other two options. I'll have to re-read the question and choices to decide.
SK
Skye
1 year ago
Attending social events at the supplier's expense and accepting a late bid in a tender process - those seem like the two least likely to increase value for money. I'll mark those.
KI
Kimbery
1 year ago
Hmm, I'm a bit unsure about this one. I'll need to think through each option carefully to determine which two are unlikely to increase value.
FA
Fabiola
1 year ago
This question seems straightforward, I'm pretty confident I can identify the two unlikely options to increase value for money.
JO
Johanna
2 years ago
Attending social events at supplier's expense? That's like getting a free lunch, but the catch is you have to listen to the supplier's sales pitch for an hour.
RO
Roy
1 year ago
True, attending social events at supplier's expense may not increase value for money.
SH
Sherell
1 year ago
D) Accepting a late bid in a tender process
KA
Kanisha
1 year ago
C) Standardisation of components
MA
Marge
2 years ago
B) Use of value analysis or value engineering
MA
Madalyn
2 years ago
A) Attending social events at supplier's expense
DI
Dion
2 years ago
Use of value analysis or value engineering? That's like trying to squeeze blood from a stone - it's the key to unlocking value!
HO
Hollis
2 years ago
Accepting a late bid in a tender process? That's like showing up to a race after the finish line has been crossed.
RO
Roxanne
1 year ago
User 2
AU
Audry
2 years ago
User 1
KE
Kelvin
2 years ago
Standardisation of components is a no-brainer for increasing value for money. Variety is the spice of life, but not in procurement.
MO
Mozell
2 years ago
Attending social events at supplier's expense? Seriously? That's like using the company credit card to buy a round of drinks for the whole office!
RO
Rosendo
2 years ago
Standardisation of components is also important for increasing value for money. Accepting a late bid in a tender process would definitely not help.
AN
Andra
2 years ago
I agree with Mammie. Using value analysis or value engineering would be a better option to increase value for money.
MA
Mammie
2 years ago
I think attending social events at supplier's expense would not increase value for money.