CIPS Exam L4M6 Topic 8 Question 58 Discussion

Actual exam question for CIPS's L4M6 exam

Question #: 58
Topic #: 8

[All L4M6 Questions]

Tim manages the procurement department at a large retailer. He wants to ensure that his team are achieving value for money in their procurement activities. Which of the following should Tim set up?

AITT

BAudit

CFramework

DContract

Show Suggested Answer

Suggested Answer: A

This is an example of poor-communication. The information was not passed from the person who signed the contract to the staff on site who were to do the cleaning. See p.158 on communication issues.

by Deeanna at Jan 24, 2025, 12:43 AM

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Penney

4 months ago

I don't know, guys. Seems like a lot of work. Can't Tim just flip a coin and call it a day? Heads, we save money. Tails, we spend more. Easy peasy!

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Rosamond

4 months ago

Hold up, what about an ITT? Isn't that like a formal invitation to tender? That could work too, right?

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Leota

2 months ago

Another option could be to establish a supplier performance evaluation system to monitor and assess the performance of suppliers.

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Rex

3 months ago

Tim could also consider setting up a competitive bidding process to ensure the best prices for the goods and services.

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Pamela

3 months ago

Yes, an ITT is a formal invitation to tender. It could definitely help in achieving value for money.

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Tamra

4 months ago

Well, Tim could go for a Contract, but that might be a bit too specific. A Framework seems more flexible and comprehensive.

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Jani

3 months ago

D) Contract

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Tien

3 months ago

C) Framework

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Sheridan

4 months ago

A) ITT

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Maybelle

4 months ago

Hmm, I'm not sure. An Audit might be a good idea to assess the current procurement practices first, before setting up any new systems.

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Charlie

3 months ago

Once the Audit is done, Tim could consider setting up a Framework to ensure value for money.

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Delisa

4 months ago

An Audit might be a good idea to assess the current procurement practices first.

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Alecia

5 months ago

But wouldn't an audit also be important to monitor the procurement activities?

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Joseph

5 months ago

I think option C, a Framework, would be the way to go. It provides a structured approach to procurement that can help ensure value for money.

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Essie

3 months ago

Agreed, a Framework can streamline the procurement process and lead to cost savings.

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Maryln

3 months ago

I think setting up a Framework is a proactive step towards efficient procurement practices.

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Chara

3 months ago

Yes, a Framework provides guidelines and processes to follow for better procurement outcomes.

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Bettye

3 months ago

I agree, a Framework would definitely help in achieving value for money.

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Kallie

3 months ago

D) Contract

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Eva

4 months ago

C) Framework

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Samuel

4 months ago

B) Audit

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Iraida

4 months ago

A) ITT

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Lourdes

5 months ago

I agree with Garry. Setting up a framework will help ensure value for money.

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Garry

5 months ago

I think Tim should set up a framework.

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