CIPS Level 4 Diploma in Procurement and Supply L4M4 Question # 19 Topic 2 Discussion
L4M4 Exam Topic 2 Question 19 Discussion:
Question #: 19
Topic #: 2
Sourcing aims to achieve the best value for money by taking into account several factors. Freddy issourcing a new component for his company which manufactures tractors. Should Freddy take into consideration ethics and sustainability?
A.
yes- ethics and sustainability form part of 'value for money'
B.
yes- ethics and sustainability show that the products are fit for purpose
C.
no- 'value for money' is concerned with achieving the lowest price
D.
no- 'value for money' only concerns price and if the product is fit for purpose
"yes- ethics and sustainability form part of 'value for money' " is the correct answer.
There are several factors that represent value for money and these are listed on p.3. These include; price, delivery, quality, ethics, sustainability and availability.
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