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CIPS L3M2 Exam - Topic 1 Question 29 Discussion

Which two of the following would be unlikely to increase value for money for an organisation?
B) Use of value analysis or value engineering
A) Attending social events at supplier's expense
C) Standardisation of components
D) Accepting a late bid in a tender process

CIPS L3M2 Exam - 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?

Show Suggested Answer Hide 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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Junita
9 months ago
Not sure about A, sounds a bit sketchy to me.
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Galen
9 months ago
B and C are definitely the way to go!
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Cecily
10 months ago
Wait, how does attending social events help at all?
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Helene
10 months ago
Totally agree, especially with D!
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Francoise
10 months ago
A and D seem like the least likely to add value.
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Vi
10 months 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.
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Peggie
11 months 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?
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Fannie
11 months 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.
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Chi
11 months ago
I think attending social events at the supplier's expense might not really add value for money, but I'm not completely sure.
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Jina
11 months 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.
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Rosendo
11 months 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.
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Skye
11 months 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.
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Kimbery
11 months 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.
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Fabiola
11 months ago
This question seems straightforward, I'm pretty confident I can identify the two unlikely options to increase value for money.
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Johanna
1 year 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.
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Roy
1 year ago
True, attending social events at supplier's expense may not increase value for money.
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Sherell
1 year ago
D) Accepting a late bid in a tender process
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Kanisha
1 year ago
C) Standardisation of components
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Marge
1 year ago
B) Use of value analysis or value engineering
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Madalyn
1 year ago
A) Attending social events at supplier's expense
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Dion
1 year 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!
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Hollis
1 year ago
Accepting a late bid in a tender process? That's like showing up to a race after the finish line has been crossed.
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Roxanne
1 year ago
User 2
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Audry
1 year ago
User 1
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Kelvin
1 year 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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Mozell
1 year 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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Rosendo
1 year 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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Andra
1 year 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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Mammie
1 year ago
I think attending social events at supplier's expense would not increase value for money.
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