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CIPS L4M2 Exam With Confidence Using Practice Dumps

Exam Code:
L4M2
Exam Name:
Defining Business Needs
Certification:
CIPS Level 4 Diploma in Procurement and Supply
Vendor:
CIPS
Questions:
237
Last Updated:
Dec 22, 2024
Exam Status:
Stable
CIPS L4M2

L4M2: CIPS Level 4 Diploma in Procurement and Supply Exam 2024 Study Guide Pdf and Test Engine

Are you worried about passing the CIPS L4M2 (Defining Business Needs) exam? Download the most recent CIPS L4M2 braindumps with answers that are 100% real. After downloading the CIPS L4M2 exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the CIPS L4M2 exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the CIPS L4M2 exam on your first attempt, we have compiled actual exam questions and their answers. 

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Defining Business Needs Questions and Answers

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Question 1

Rachel has issued a specification for spare parts out to global suppliers. Rachel has asked for these parts to carry a standard from the International Organisation for Standardisation. Is Rachel right to do this?

Options:

A.

No, as these standards don't apply to spare parts

B.

No, as this standard will not be recognised outside of the UK

C.

Yes, as it is an appropriate and recognised standard

D.

Yes, as spare parts are the only things these standards apply to

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Question 2

NO: 34

Which of the following activities would apply to a straight rebuy procurement?

    Reviewing existing specifications and arrangements

    Engaging in extensive purchasing research

    Engaging in proactive value engineering

    Optimising inventory replenishment methods

Options:

A.

1 and 4 only

B.

2 and 3 only

C.

1 and 3 only

D.

2 and 4 only

Question 3

British Steel needs to source a set of instruments that will improve quality of steel. Without these instruments British Steel will loss control of the temperature. The bucket may freeze up, or if it is too hot it leaks out of the casting process, damaging the machine. There is limited supply on the market and quality varies greatly. Which of the following will be the most appropriate managing approach to procure these items?

Options:

A.

Bundle these instruments into larger contract

B.

Leverage market competition to drive down cost

C.

Seek continuity of supply

D.

Form partnership with supplier

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