Yolo Inc.

Vendor: CIPS
Product: L4M4
Update on: Jan 29, 2026
Questions: 301

CIPS L4M4 Question Answer

Yolo Inc. have recently run a tender opportunity to find a suitable supplier of yoyos and they have received a number of bids. The supplier will become a strategic partner to the business as yoyos are vital to the success to Yolo Inc. The tender asked for both price submissions and had a number of quality questions. Eamon is the Procurement Manager of Yolo Inc and is responsible for selecting the most appropriate supplier. How should Eamon appraise the bids?

evaluate the bids himself as this is a complex requirement

evaluate the bids himself as this is a strategic purchase

organise a cross-functional team to assess the bids as people from other departments may have important information and experience of yoyos

organise a cross-functional team of procurement personnel as they will have experience in assessing price and quality of bids