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L4M2 Exam Dumps : Defining Business Needs

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Defining Business Needs Questions and Answers

Question 1

In 2016, ANA Airlines had to cancel some of its flight. The airline said it had discovered the cracks to the jet engine turbine blades. What should ANA procurement team do next to solve this problem?

Options:

A.

Collect data to identify the root cause

B.

Generate options addressing the issue

C.

Analyse the situation and draw conclusion

D.

Assess the risks

E.

Define the ideal solution

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Question 2

Halfords is a major bicycle and car parts retailer with long history in the market. Its suppliers are plentiful and there is no threat of forward integration. Some other smaller retailers are applying 3D-printing technology to make personalized bicycle parts but their market share is relatively low. 3D-printing technology is an example of which competitive force?

Options:

A.

Bargaining power of buyer

B.

Threat of substitute

C.

Rivalry within the industry

D.

New entrants may enter the market

Question 3

Procurement should work closely with colleagues in accounts when creating an annual budget. This is because the budget will help the company ...

Options:

A.

Define terms and conditions of the contract

B.

Plan its finances for the next year

C.

Process supplier invoices quicker

D.

Plan its functional strategy for the next year