EXAM L4M2 SCORE | L4M2 TEST REVIEW

Exam L4M2 Score | L4M2 Test Review

Exam L4M2 Score | L4M2 Test Review

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CIPS Level 4M2 Defining Business Needs module is ideal for professionals who want to enhance their procurement and supply chain management skills. This module is designed to help learners understand the importance of identifying and analyzing organizational needs, and how to develop effective procurement strategies that meet those needs. By taking this module, learners will be able to demonstrate their commitment to their profession and their willingness to continuously improve their skills.

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CIPS Defining Business Needs Sample Questions (Q177-Q182):

NEW QUESTION # 177
Which of the following are potential advantages of using a product performance specification?
* It reduces the need for the buyer to produce a detailed design
* It can widen the potential supply base
* The buyer can specify the product's actual design in detail
* Products are provided using the buyer's methodology

  • A. 1 and 4
  • B. 1 and 2
  • C. 3 and 4
  • D. 2 and 3

Answer: B

Explanation:
Detailed Explanation:
* 1 (Reduces design need): Performance specifications focus on outcomes rather than detailed designs, saving buyer resources.
* 2 (Wider supply base): Allowing suppliers to propose their own solutions can attract a broader range of suppliers.Options 3 and 4 align with conformance specifications, not performance-based ones.
Reference: CIPS Level 4, Specification Writing.


NEW QUESTION # 178
What is the document that defines the activities, deliverables and timelines a supplier must carry out during contract performance?

  • A. Work instruction
  • B. Project initial document
  • C. Framework agreement
  • D. Statement of work

Answer: D

Explanation:
Statement of Work (SoW) is the document that captures and defines all aspects of your project. You'll note the activities, deliverables and the timetable for the project. It's an extremely detailed document as it will lay the groundwork for the project plan.
Project Initial Document is an important document and should precede any specification writing project. It sets out the scope of the project and it is the team's mandate from senior management Work instructions are also called work guides, Standard Operating Procedures (SOPs), job aids or user manuals, depending on the situation. In any case, the purpose of work instructions is to clearly explain how a particular work task is performed.
Framework agreements are arrangements between one or more buyers and one or more suppliers that provide the terms governing contracts to be established for a certain period of time, in particular with regard to price and, where necessary, the quantity envisaged.


NEW QUESTION # 179
Due to increasing demand, a local restaurant is requesting its fish vendor to supply larger quantity. The restaurant manager also asks the vendor whether it is possible to reduce the total price by 5%. This is known as...?

  • A. Straight rebuy
  • B. Capital purchase
  • C. New purchase
  • D. Modified rebuy

Answer: D

Explanation:
There are three major types of buying situations, which are new purchase, modified rebuy and straight rebuy. Three factors make the buying situations be different from the others, customers may face different problems in these situations.
A new purchase is a situation requiring the purchase of a product for the very first time.
A straight rebuy is when a company places a second order with a supplier that is identical to the first purchase it made.
A modified rebuy is when a company orders again from a supplier, but wants to change some as-pect of the order, such as the quantity, packaging, product features, or delivery times. The scenario above is an example of modified rebuy.
Reference:
- What is a straight rebuy example?
- CIPS study guide page 3-4


NEW QUESTION # 180
Which of the following are typically included in a conformance specification? Select TWO that apply.

  • A. List of outcome
  • B. Packaging requirements
  • C. Product functions
  • D. Product dimensions
  • E. Brand name

Answer: B,D

Explanation:
A conformance specification is a specification that defines the technical and physical characteristics and/or measurements of a product, such as physical aspects (e.g. dimensions, colour, and surface finish), design details, material properties, energy requirements, processes, maintenance requirements and operational requirements.
On the other hand, performance specification typically includes list of output or outcome or func-tional requirements. Brand name can be a part of performance specification because brand is a re-minder of quality that customers remember. For example, when talking about Roll Royce, people will think about an elegant car.


NEW QUESTION # 181
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?

  • A. Form partnership with supplier
  • B. Seek continuity of supply
  • C. Bundle these instruments into larger contract
  • D. Leverage market competition to drive down cost

Answer: A

Explanation:
The instrument plays a crucial role in steel manufacturing because it presents in the majority of products, in which case lacking this instrument would have significant impact on the organisation's output (production lines stop or damaging other machine). Otherwise, the risk of supply is high because there is limitation in supply. Therefore, it is considered as a strategic item in term of Kraljic's portfolio matrix. Procurement manager should form partnership with suppliers to maximise the value.
The following graph illustrates Kraljic's portfolio matrix:

Reference:
LO 2, AC 2.1


NEW QUESTION # 182
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This is the online version of the Defining Business Needs (L4M2) practice test software. It is also very useful for situations where you have free time to access the internet and study. Our web-based Defining Business Needs (L4M2) practice exam is your best option to evaluate yourself, overcome mistakes, and pass the CIPS L4M2 Exam on the first try. You will see the difference in your preparation after going through L4M2 practice exams.

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