CIPS Exam L3M2 Topic 1 Question 29 Discussion

Actual exam question for CIPS's L3M2 exam

Question #: 29
Topic #: 1

[All L3M2 Questions]

Which two of the following would be unlikely to increase value for money for an organisation?

AAttending social events at supplier's expense

BUse of value analysis or value engineering

CStandardisation of components

DAccepting a late bid in a tender process

Show Suggested Answer

Suggested Answer: B

The statement is false.

CIPS actively campaigns against modern slavery anywhere in the world.

by Maira at Jan 27, 2025, 06:41 PM

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2 days ago

Standardisation of components is a no-brainer for increasing value for money. Variety is the spice of life, but not in procurement.

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6 days 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!

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11 days ago

Standardisation of components is also important for increasing value for money. Accepting a late bid in a tender process would definitely not help.

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12 days ago

I agree with Mammie. Using value analysis or value engineering would be a better option to increase value for money.

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13 days ago

I think attending social events at supplier's expense would not increase value for money.

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