L4M4 Exam Dumps | Scott is a procurement manager who is evaluating a bid from a supplier to provide a new IT system to

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CIPS
Ethical and Responsible Sourcing
CIPS.L4M4.v2025-11-05.q105
Question 14

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Question 14/105

Scott is a procurement manager who is evaluating a bid from a supplier to provide a new IT system to his office that will be used by 100 employees. He is considering the total life-cycle costs. Which of the following should Scott consider? Select THREE

A. Added value

B. Maintenance

C. Acquisition Costs

D. Training

E. Functional Fit

Correct Answer: A,C,D

total life-cycle costs include; acquisition costs, maintenance and training.
Added value and functional fit are quality criteria that should also be evaluated when selecting a supplier, but do not fall under total life-cycle costs.
Note: total life cycle costs and whole life asset management are the same thing. You may see both terms used in the exam. I think CIPS is moving more towards Whole Life Asset Management now as the preferred vocabulary but they're the same thing.

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