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CIPS Exam L4M6 Topic 3 Question 62 Discussion

Actual exam question for CIPS's L4M6 exam
Question #: 62
Topic #: 3
[All L4M6 Questions]

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?

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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, 11:05 PM

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Nobuko
4 months 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
4 months 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
2 months ago
It's important to make sure the company is getting the best deal possible.
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Elenora
3 months ago
I think it's a smart move to get quotes from multiple suppliers for larger contracts.
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Annalee
3 months ago
I agree, the primary aim is definitely to ensure value for money.
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Rosenda
4 months ago
I agree with Carissa, getting quotes from multiple suppliers can help in achieving value for money.
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Gary
4 months 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
4 months 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
3 months ago
That's true, sometimes quality and reliability are more important than just the price.
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Aliza
3 months ago
But what if the lowest price doesn't always mean the best value?
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Clemencia
3 months ago
I agree, it's important to compare prices from different suppliers to get the best deal.
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Breana
4 months ago
I think the primary aim is to ensure value for money is achieved.
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Rutha
4 months 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
4 months 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
4 months ago
User 2
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Katheryn
4 months ago
User 1
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Carissa
5 months ago
I think the primary aim is to ensure value for money is achieved.
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