Other than price, what should a buyer consider when evaluating supplier quotations? Lead times Add-on costs Wastage rates Past performance

When evaluating supplier quotations beyond price, a buyer should assess lead times (delivery reliability and speed impacting operations), add-on costs (hidden extras such as delivery, packaging, tooling, or minimum-order charges that affect total cost of ownership), and past performance (the supplier's track record on quality, reliability, and service). These are all standard, externally verifiable criteria used in supplier selection and quotation appraisal. Wastage rates are an internal operational/production metric relating to the buyer's own process efficiency, not a criterion for comparing external supplier quotations. Therefore, options 1, 2, and 4 are the relevant evaluation factors.

B. 1, 2, and 3 only — Incorrectly includes wastage rates (internal metric) and omits past performance, a key supplier appraisal criterion.
C. 2, 3, and 4 only — Wrongly includes wastage rates and excludes lead times, a fundamental quotation-comparison factor.
D. 1, 3, and 4 only — Incorrectly includes wastage rates and omits add-on costs, which affect total cost of ownership.

1. CIPS (2019). Ethical and Responsible Sourcing (L4M4), Course Book. Profex Publishing – Chapter 3, "Sources of Information on Suppliers and Assessing Supplier Quotations," Section on quotation evaluation criteria (lead time, additional/hidden costs, supplier past performance).

2. Lysons, K. & Farrington, B. (2020). Procurement and Supply Chain Management, 10th ed. Pearson. Chapter 10, "Sourcing and Supplier Selection," pp. 356–361 (total cost of ownership; delivery/lead time; supplier track record).

3. Baily, P., Farmer, D., Crocker, B., Jessop, D. & Jones, D. (2015). Procurement Principles and Management, 11th ed. Pearson. Chapter 9, pp. 210–215 (evaluating quotations: price, delivery, and supplier reliability).

4. Weele, A.J. van (2018). Purchasing and Supply Chain Management, 7th ed. Cengage. Chapter 2, "The Purchasing Process," pp. 30–34 (supplier quotation appraisal — cost, delivery lead time, prior performance).

Note: CIPS L4M4 study material is proprietary; exact page references may vary by edition. The above align with officially sanctioned CIPS syllabus content and peer-reviewed procurement textbooks.