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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]
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?
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.
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