CIPS L4M6 Exam - Topic 3 Question 62 Discussion

Actual exam question for CIPS's L4M6 exam

Question #: 62
Topic #: 3

Kyle Grant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over 10,000. What is the primary aim of this policy?

ATo deliver an agile process

BTo ensure value for money is achieved

CTo allow procurement to select the lowest price

DTo enable a reduction in competition

Show Suggested Answer

Suggested Answer: B

Obtaining multiple quotations ensures value for money by comparing suppliers based on cost, quality, and other criteria. It promotes competitive pricing and informed decision-making.

by Karma at Apr 07, 2025, 10:05 PM

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Lorrie

5 months ago

I’m surprised they didn’t have this policy before!

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Louvenia

5 months ago

Definitely agree, multiple quotes can help find the best deal.

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Jeannine

6 months ago

This should really streamline the process.

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Stanford

6 months ago

Wait, isn't it just about picking the lowest price?

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Tamekia

6 months ago

Sounds like a good way to ensure value for money!

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Bette

6 months ago

I thought the aim was to streamline the process, but now I’m questioning if it’s really about ensuring value for money instead.

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Sheldon

7 months ago

This reminds me of a practice question we did where the focus was on cost savings. I think that might relate to selecting the lowest price.

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Lindsey

7 months ago

I’m not entirely sure, but I feel like the policy could also be about maintaining competition among suppliers.

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Vincent

7 months ago

I remember discussing the importance of getting multiple quotes to ensure we’re getting the best deal, so I think it might be about value for money.

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Antonio

7 months ago

I'm a bit confused by this question. The policy seems to be about increasing competition, but I'm not sure if that's the primary aim. I'll need to re-read the question and the options carefully before making a decision.

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Amalia

7 months ago

Okay, let's see. The policy is about requiring multiple quotes for contracts over 10,000, so the aim is likely to ensure value for money rather than just selecting the lowest price. I'll go with option B.

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Coletta

8 months ago

Hmm, I'm a bit unsure about this one. The policy requires obtaining multiple quotes, but I'm not sure if the aim is to ensure value for money or something else. I'll need to think this through carefully.

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Carline

8 months ago

This seems like a straightforward question about procurement policies. I'm pretty confident I can identify the primary aim of the policy based on the information provided.

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Nobuko

1 year ago

I believe the policy aims to deliver an agile process by considering multiple suppliers for contracts over 10,000.

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Glory

1 year ago

The answer is obvious - it's to ensure value for money. Anything else would just be silly. Although, I do wonder if the procurement director has a secret vendetta against suppliers or something.

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Apolonia

11 months ago

It's important to make sure the company is getting the best deal possible.

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Elenora

11 months ago

I think it's a smart move to get quotes from multiple suppliers for larger contracts.

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Annalee

12 months ago

I agree, the primary aim is definitely to ensure value for money.

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Rosenda

1 year ago

I agree with Carissa, getting quotes from multiple suppliers can help in achieving value for money.

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Gary

1 year ago

Wow, a policy that reduces competition? That's a new one. Maybe the procurement director is trying to set up their friends with juicy contracts.

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Glennis

1 year ago

Ha! The procurement director must be trying to get the lowest price possible. That's the only reason to require multiple quotes, right?

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Gilberto

11 months ago

That's true, sometimes quality and reliability are more important than just the price.

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Aliza

12 months ago

But what if the lowest price doesn't always mean the best value?

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Clemencia

12 months ago

I agree, it's important to compare prices from different suppliers to get the best deal.

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Breana

1 year ago

I think the primary aim is to ensure value for money is achieved.

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Rutha

1 year ago

I disagree, the aim is to deliver an agile process. By requiring multiple quotes, the procurement function can respond quickly to changing market conditions.

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Hector

1 year ago

The primary aim of this policy is clearly to ensure value for money is achieved. Obtaining multiple quotes is the best way to get the best deal for the company.

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Destiny

1 year ago

User 2

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Katheryn

1 year ago

User 1

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Carissa

1 year ago

I think the primary aim is to ensure value for money is achieved.

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