New Year Sale 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: save70

A buyer can use sources of information to review indirect costs associated with the manufacture of goods to support supplier negotiations. Is this statement true?

Options:

No, because the supplier’s quotation is the only source of information

Yes, because the buyer can understand the cost build-up of the goods

No, because the only information available is for direct costs

Yes, because indirect costs are always variable

Buy Now

Question 2

SET Group are a start-up company trying to estimate the direct costs of materials for a project. The organisation has limited procurement records available. Would using general industry averages as a benchmark provide an accurate estimation of the project costs?

Options:

Yes, industry benchmarks are always kept up to date to consider real-time market conditions

No, the organisation will not have access to industry benchmarks as they are a new organisation

No, industry benchmarks do not consider specific specifications, quality requirements, or real-time market conditions

Yes, cost predictions do not need to be accurate as they are just an initial guess

Question 3

A procurement manager decided to use a conformance specification in a request for quotation (RFQ) for the manufacturing of a specialist item designed by their company. The company does not have the capability to manufacture the item in-house, but requires the item to be made to their detailed specification. Was this the correct thing to do?

Options:

Yes, as it means that the company will be able to get the most cost-effective price for the item from the chosen supplier

Yes, as it means that the company will get exactly what it has specified and meets its specific requirements

No, as the item will be of non-standard construction and will not be able to be used by other competitors

No, as it means that the chosen supplier will not be able to use their expertise and knowledge to manufacture the item

Get Free L4M2 Questions and Answers

New Year Sale 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: save70

L4M2 Exam Dumps : Defining Business Needs

CIPS Related Exams

Verified By IT Certified Experts

CertsTopics.com Certified Safe Files

Up-To-Date Exam Study Material

99.5% High Success Pass Rate

100% Accurate Answers

Instant Downloads

Exam Questions And Answers PDF

Try Demo Before You Buy

Defining Business Needs Questions and Answers

Options:

Answer:

Explanation:

Options:

Answer:

Options:

Answer:

Explanation:

CompTIA

Fortinet

Microsoft

Salesforce