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CIPS Defining Business Needs L4M2 Question # 7 Topic 1 Discussion

CIPS Defining Business Needs L4M2 Question # 7 Topic 1 Discussion

L4M2 Exam Topic 1 Question 7 Discussion:
Question #: 7
Topic #: 1

Azram, a procurement analyst, has been tasked with applying whole life asset management when purchasing a piece of laboratory equipment. Was this the correct course of action?


A.

Yes, because this focuses only on the price of the equipment


B.

Yes, because this considers all associated costs


C.

No, because this considers the costs of quality


D.

No, because this covers various transactional costs


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