CIPS L4M3 Exam - Topic 8 Question 8 Discussion

Actual exam question for CIPS's L4M3 exam

Question #: 8
Topic #: 8

[All L4M3 Questions]

Which of the following are true statements about RFQ process? Select TWO that apply.

ABuying organisation should only send RFQ to pre-qualified suppliers

BRFQ process requires the suppliers to submit their technical proposals

CRFQ process creates heavier administrative burdens than tendering process

DPrice is often the only variable in the RFQ and quotations

ERFQ process is not suitable for low value purchase

Show Suggested Answer

Suggested Answer: A, D

Request for quotations is often used when the only variable is price and the purchase value is under a financial threshold. This process is less formal than ITT. RFQ should be used in the following circumstances:

- Low-value, low-risk purchases

- When the specifications are sufficiently defined or the product/service is standardised

- Where the suppliers are pre-qualified

- Where there is a framework agreement which specifies the contract terms and conditions.

LO 1, AC 1.1

by Dulce at Nov 15, 2022, 05:53 PM

Limited Time Offer

25%

Off

Get Premium L4M3 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Arlette

4 months ago

B is a common misconception; RFQs typically don't require technical proposals.

upvoted 0 times

...

Ivan

4 months ago

Wait, E seems off. Low value purchases can still use RFQs, right?

upvoted 0 times

...

Kati

4 months ago

D is spot on, price is usually the main focus in RFQs.

upvoted 0 times

...

Ethan

4 months ago

I disagree with C, RFQs can actually be less burdensome than tenders.

upvoted 0 times

...

Ashanti

4 months ago

A is definitely true, only pre-qualified suppliers should get RFQs.

upvoted 0 times

...

Cassi

5 months ago

I think I read somewhere that RFQs are actually suitable for low-value purchases, so E might not be true.

upvoted 0 times

...

Svetlana

5 months ago

I have a vague memory that RFQs can sometimes involve technical proposals, but I can't recall if that's a requirement. So I'm unsure about B.

upvoted 0 times

...

Edelmira

5 months ago

I practiced a similar question where price was emphasized in RFQs, so I feel confident that D is correct.

upvoted 0 times

...

Tawna

5 months ago

I remember that the RFQ process is often used for specific suppliers, so I think A might be true. But I'm not entirely sure about the details.

upvoted 0 times

...

Ilona

5 months ago

Okay, I've got this. The control plane and data plane are definitely converged in NSX-T. Let me double-check the other options.

upvoted 0 times

...

Chantay

5 months ago

This seems straightforward enough. I just need to plug the numbers into the formula and do the calculations. As long as I don't make any silly mistakes, I should be able to get the right answer.

upvoted 0 times

...

Alisha

5 months ago

Ah, I remember learning about capped collections in class. I'm pretty confident I can get this one right.

upvoted 0 times

...

Jesusita

5 months ago

I think the coefficient of variation is calculated as the standard deviation divided by the mean, but I need to double-check my notes for the exact steps we followed.

upvoted 0 times

...

Gianna

5 months ago

Okay, I think the key here is being able to fully restore the ACI fabric to its previous state after a reset. The setting that enables exporting all the necessary configuration parameters is the one I need to identify.

upvoted 0 times

...