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CIPS Ethical and Responsible Sourcing L4M4 Question # 7 Topic 1 Discussion

CIPS Ethical and Responsible Sourcing L4M4 Question # 7 Topic 1 Discussion

L4M4 Exam Topic 1 Question 7 Discussion:
Question #: 7
Topic #: 1

A buyer might opt to do an 'Invitation to Tender' rather than a 'Request for Quotation' process because ...


A.

The supplier market is an oligopoly where there are a few large suppliers dominating the market


B.

Time is of the essence, and decisions need to be made quickly without additional stakeholder involvement


C.

The contract will be low value and there are many suppliers, so a simpler approach is required


D.

The nature of the goods or services being purchased is complex and high value


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