CIPS Commercial Contracting L4M3 Question # 10 Topic 2 Discussion

CIPS Commercial Contracting L4M3 Question # 10 Topic 2 Discussion

L4M3 Exam Topic 2 Question 10 Discussion:
Question #: 10
Topic #: 2

RL Corporation are developing a specification for a new piece of equipment. They have no prior experience of procuring the item. The procurement manager wants to understand the benefits and risks of conducting market dialogue to help inform the procurement strategy. Which of the following are three potential advantages of market dialogue? Select THREE that apply.


A.

There is no need to conduct a full procurement process


B.

More collaborative supplier relationships can be developed


C.

Organisations can clarify and optimise the requirements


D.

The procurement process becomes significantly quicker


E.

Purchasers can gauge market interest and competition


F.

Market dialogue is risk-free as there is no contract or agreement


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