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CIPS Exam L4M6 Topic 4 Question 53 Discussion

Actual exam question for CIPS's L4M6 exam
Question #: 53
Topic #: 4
[All L4M6 Questions]

How would a buyer measure value for money from a relationship with a new supplier for goods?

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Suggested Answer: B

CPV codes help suppliers find opportunities they can bid for. CPV codes are a numerical classification for products e.g. Strawberry Jam is 15332296 and when they are included on a Tender, any supplier who is registered with that same CPV code will get a notification that the tender is live. CPV codes are discussed on p.72 but not in much detail- so don't worry if you don't know much about them. So long as you know the above, you'll be fine.


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