CIPS Exam L4M6 Topic 8 Question 55 Discussion

Actual exam question for CIPS's L4M6 exam

Question #: 55
Topic #: 8

Jenny is a procurement manager who works in the public sector. She has been charged with organising a tender to source new Xray machines for a hospital and to ensure that they receive 'value for money'. Which of the following should Jenny consider when drafting her ITT?

APrice only

BEquity

CWhole life costs

DAvailability

Show Suggested Answer

Suggested Answer: C

Jenny should consider whole life costing. Ensuring value for money means considering a combination of price and quality throughout the lifetime of the product. See p.65 for more on 'Achieving Value for Money'

by Flo at Nov 19, 2024, 08:21 AM

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Bettina

9 days ago

Equity, huh? I mean, sure, it's important to be fair and all, but in this case, I'd say the priority should be on getting the best technology for the job. Whole life costs are key, and you gotta make sure those X-ray machines are gonna be available when the hospital needs 'em.

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Shantay

11 days ago

Equity should be considered to ensure fairness in the procurement process.

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Luisa

11 days ago

Ah, the old 'value for money' conundrum. Well, Sherrell, I'd say you better consider the whole life costs - don't want those X-ray machines to break down after a year, you know? And don't forget about availability, can't have the hospital running out of X-rays, that'd be a real pain in the... well, you know.

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Lamar

17 days ago

I think availability is also important for the hospital's needs.

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Peggie

18 days ago

Jenny should consider whole life costs to ensure value for money.

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Sherrell

25 days ago

This is a tricky one! I know the public sector is all about value for money, but we can't just focus on the price tag. Gotta consider the whole life costs and make sure we get the best bang for our buck.

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Hailey

8 days ago

D) Availability

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Gail

10 days ago

C) Whole life costs

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Dick

12 days ago

A) Price only

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