Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIPS L4M8 Exam - Topic 7 Question 62 Discussion

What are the definition of a new buy and a modified re-buy?
A) Explanation: A new buy is the purchase of goods and services by an organization or an individual for its first time. For example a transport organization for the very first time contracting the purchase of a Lorry out to an external supplier. In situations like this, it is advisable to start the procurement cycle from the very first stage. Which is understanding the need and developing high level specification. Modified re-buy is the purchase of goods or services that an organization has bought before there was a need but with changes to the specification or supplier or quantity or quality. In carrying out modified re-buy, procurement professional should start from the very first stage of the procurement cycle to justify the added need and follow through. Not in all cases that buyer would have to start from understanding the need. In a situation where the changes required is a change of supplier, the organization will start from its preferred suppliers list and contract the next ranking supplier as the case may be.

CIPS L4M8 Exam - Topic 7 Question 62 Discussion

Actual exam question for CIPS's L4M8 exam
Question #: 62
Topic #: 7
[All L4M8 Questions]

What are the definition of a new buy and a modified re-buy?

Show Suggested Answer Hide Answer
Suggested Answer: A

by Ozell at Aug 04, 2025, 01:12 AM

Limited Time Offer

25%

Off

Get Premium L4M8 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Tequila
8 months ago
New buy = first time, modified re-buy = changes. Simple!
upvoted 0 times
...
Karima
8 months ago
Sounds right, but isn't it risky to change suppliers?
upvoted 0 times
...
Ernest
9 months ago
Wait, so you don't always start from scratch for a modified re-buy?
upvoted 0 times
...
Oliva
9 months ago
New buy is when you buy something for the first time.
upvoted 0 times
...
Lynda
9 months ago
Totally agree, modified re-buy is just tweaking an old order.
upvoted 0 times
...
Dalene
9 months ago
I recall a practice question where we had to identify whether a purchase was a new buy or modified re-buy based on the details given. It helped clarify the definitions for me, but I still get confused sometimes!
upvoted 0 times
...
Casey
10 months ago
I feel like modified re-buy is a bit tricky. I know it involves changes to previous purchases, but I'm not sure how much change is needed to classify it as modified.
upvoted 0 times
...
Omer
10 months ago
I think a new buy is when a company purchases something for the first time, like when we talked about a restaurant buying kitchen equipment for the first time.
upvoted 0 times
...
Barbra
10 months ago
I remember studying the differences between new buys and modified re-buys, but I'm a bit unclear on the specific examples we discussed in class.
upvoted 0 times
...
Kate
10 months ago
This question tests our understanding of the procurement process. I'll review the key steps to ensure I can properly differentiate a new buy from a modified re-buy.
upvoted 0 times
...
Ryan
10 months ago
The distinction between these two procurement scenarios is important. I'll make sure I understand the nuances before attempting to answer.
upvoted 0 times
...
Jeniffer
11 months ago
Okay, the explanation provides a good overview of the differences. I feel confident I can explain the definitions now.
upvoted 0 times
...
Niesha
11 months ago
Hmm, I'm a bit unsure about the difference between a new buy and a modified re-buy. I'll need to think through the details carefully.
upvoted 0 times
...
Paulina
11 months ago
This question seems pretty straightforward. I think I can handle defining the key terms here.
upvoted 0 times
...
Blossom
11 months ago
I think in an exam, they might ask us to differentiate between a new buy and a modified re-buy.
upvoted 0 times
...
Susana
12 months ago
The explanation is thorough, but I'm wondering if there are any exceptions or edge cases where we might not have to start from the beginning in a modified re-buy situation.
upvoted 0 times
Jodi
8 months ago
That makes sense! It could save time in the procurement process.
upvoted 0 times
...
Bernadine
8 months ago
Exactly! Or if you already have a good relationship with the new supplier.
upvoted 0 times
...
Lashunda
8 months ago
Great question! I think if the changes are minor, you might skip some steps.
upvoted 0 times
...
Josefa
9 months ago
Yeah, like if you're just changing the quantity, right?
upvoted 0 times
...
...
Robt
1 year ago
Modified re-buy is when an organization buys goods or services they have bought before but with changes to the specification or supplier.
upvoted 0 times
...
Youlanda
1 year ago
A new buy is when an organization or individual purchases goods or services for the first time.
upvoted 0 times
...
Annmarie
1 year ago
The distinction between new buy and modified re-buy is clear, but I'm curious about the specifics of when we need to start the procurement cycle from the beginning in a modified re-buy scenario.
upvoted 0 times
...
Terina
1 year ago
A new buy makes sense, but I'm not sure I fully understand the modified re-buy. Do we always have to start from the beginning, even if it's just a small change?
upvoted 0 times
Nakisha
11 months ago
It's all about assessing the situation and determining the best approach for the modified re-buy process.
upvoted 0 times
...
Ruthann
12 months ago
Starting from the beginning ensures that the added need is justified and the procurement process is followed through.
upvoted 0 times
...
Shonda
1 year ago
In some cases, like changing suppliers, you can start from your preferred suppliers list and contract the next ranking supplier.
upvoted 0 times
...
Rachael
1 year ago
Yes, for a modified re-buy, it's important to start from the beginning to justify the changes needed.
upvoted 0 times
...
Hillary
1 year ago
In some cases, like changing suppliers, you may not have to start from the very first stage.
upvoted 0 times
...
Dorathy
1 year ago
Yes, for a modified re-buy, it's important to start from the beginning to justify the changes needed.
upvoted 0 times
...
...

Save Cancel