Exam L4M8 Topic 1 Question 180 Discussion

Actual exam question for CIPS's L4M8 exam
Question #: 180
Topic #: 1
Looking at stage 8 of the procurement and supply cycle, what does TCA mean?

Suggested Answer:

See the answer in explanation.
Explanation:
When evaluating offers, it is important to remember that the best price may not be the lowest. To ascertain that; the total cost of Acquisition TCA (the cost a buyer bears for placing orders and re-ceiving a product from a supplier) should be uncovered and compare against offers received. Things to consider that might make up the total cost of acquisition are;
1) logistics and handling costs
2) Cost of requisition
3) Rework
4) stock cost
5) Delay
6) Inspection
7) customer services
8) consumables
9) Training & support

by Ursula at Aug 08, 2026, 03:07 AM

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