What is the primary aim of this policy?

Kyle Grant is a procurement director at ATSS Ltd and has introduced a new policy within the procurement function. The policy requires the procurement function to obtain quotations from multiple suppliers if a contract is worth over £10,000.

What is the primary aim of this policy?
A . To deliver an agile process
B . To ensure value for money is achieved
C . To allow procurement to select the lowest price
D . To enable a reduction in competition

View Answer

Answer: B

Explanation:

Obtaining multiple quotations ensures value for money by comparing suppliers based on cost, quality, and other criteria. It promotes competitive pricing and informed decision-making.