NEW L4M2 TEST REVIEW & EXAM DUMPS L4M2 PDF

New L4M2 Test Review & Exam Dumps L4M2 Pdf

New L4M2 Test Review & Exam Dumps L4M2 Pdf

Blog Article

Tags: New L4M2 Test Review, Exam Dumps L4M2 Pdf, Exam L4M2 Lab Questions, Reliable L4M2 Exam Dumps, L4M2 Reliable Test Online

In the Web-Based CIPS L4M2 Practice Exam, the Defining Business Needs (L4M2) exam dumps given are actual and according to the syllabus of the test. This Defining Business Needs (L4M2) practice exam is compatible with all operating systems like Mac, Linux, IOS, Android, and Windows. Likewise, this Defining Business Needs (L4M2) practice test is browser-based so it needs no special installation to function properly. Firefox, Chrome, IE, Opera, Safari, and all the major browsers support this Defining Business Needs (L4M2) practice exam.

CIPS L4M2 (Defining Business Needs) exam is a globally recognized certification that validates the professional knowledge and skills required to identify and define business needs effectively. This qualification is suitable for procurement and supply chain professionals who want to enhance their expertise in gathering, analyzing, and interpreting business requirements to deliver effective procurement solutions. The CIPS L4M2 Exam is the second unit of the CIPS Level 4 Diploma in Procurement and Supply, which is an internationally recognized qualification in procurement and supply chain management.

>> New L4M2 Test Review <<

Pass Guaranteed 2025 High Hit-Rate L4M2: New Defining Business Needs Test Review

ActualTestsIT is one of the trusted and reliable platforms that is committed to offering quick Defining Business Needs (L4M2) exam preparation. To achieve this objective ActualTestsIT is offering valid, updated, and real Defining Business Needs (L4M2) exam questions. These CIPS exam dumps will provide you with everything that you need to prepare and pass the final CIPS L4M2 exam with flying colors.

CIPS Defining Business Needs Sample Questions (Q149-Q154):

NEW QUESTION # 149
When analysing a market, the availability of substitute products or suppliers is the only competitive force to consider. Is this statement correct?

  • A. No, availability of substitutes is not a competitive market force
  • B. Yes, it is the only competitive force relevant to procurement
  • C. Yes, substitute products and therefore cost is the source of all competition
  • D. No, other forces include the threat of new entrants and bargaining strength of buyers and suppliers

Answer: D

Explanation:
Detailed Explanation:
While substitute products are an important factor, other forces such as new entrants, buyer and supplier bargaining power, and industry rivalry also significantly influence market dynamics. These forces are part of frameworks like Porter's Five Forces used in market analysis. Reference: CIPS Level 4, Market Environment Analysis.


NEW QUESTION # 150
Which of the following is an useful tool for value engineering?

  • A. SAMOA
  • B. Kano model
  • C. Star-burst method
  • D. Kraljic Portfolio Matrix

Answer: B

Explanation:
Value Engineering (VE) is concerned with new products. It is applied during product development. The focus is on reducing costs, improving function or both, by way of teamwork-based product evaluation and analysis.
This takes place before any capital is invested in tooling, plant or equipment.
This is very significant, because according to many reports, up to 80% of a product's costs (throughout the rest of its life-cycle), are locked in at the design development stage. This is under-standable when you consider the design of any product determines many factors, such as tooling, plant and equipment, labour and skills, training costs, materials, shipping, installation, maintenance, as well as decommissioning and recycle costs.
The Kano model is a theory for product development and customer satisfaction developed in the 1980s by Professor Noriaki Kano, which classifies customer preferences into five categories. Both Kano model and Value Engineering aims at optimising new product, so they can be combined to-gether. CIPS L4M2 study guide consider Kano model is a tool of Value Engineering

Example of Kano model (source: Wikipedia)


NEW QUESTION # 151
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?

  • A. Rivalry within the industry
  • B. New entrants may enter the market
  • C. Threat of substitute
  • D. Bargaining power of buyer

Answer: C

Explanation:
3D-printed parts can replace traditional metal parts. They are also more easily customised to fit customer's needs. This technology is an example of threat of substitute in Porter's Five Forces model.
Substitute goods or services that can be used in place of a company's products or services pose a threat.
Companies that produce goods or services for which there are no close substitutes will have more power to increase prices and lock in favorable terms. When close substitutes are available, customers will have the option to forgo buying a company's product, and a company's power can be weakened.


NEW QUESTION # 152
When devising a business case for purchasing a new copier, Maria analyses its whole-life costs as following:

Though cost generating activities are identified, she has not categorised the costs. What is the total value of copier's end of life costs?

  • A. $150
  • B. $300
  • C. $450
  • D. $75

Answer: A

Explanation:
Life cycle costing is a key asset management tool that takes into account the whole of life implications of planning, acquiring, operating, maintaining and disposing of an asset.
The process is an evaluation method that considers all ownership and management costs. These include;
- Concept and definition;
- Design and development;
- Manufacturing and installation;
- Maintenance;
- Support services; and
- Retirement, remediation and disposal costs.
End of life costs often comprise of decommissioning, removing and disposal costs. In the copier scenario, the end of life costs equal to removal cost, which is $150.


NEW QUESTION # 153
An IT department has tasked procurement to help produce a conformance specification for new company laptops. Which factor is common within a conformance specification?

  • A. Tends to be short and specific
  • B. Meets the operational requirements
  • C. Allows flexibility in the offering
  • D. Meets the specification standard

Answer: D

Explanation:
Detailed Explanation:Conformance specifications outline specific technical standards or requirements that a product must meet. These ensure uniformity and compliance but do not allow flexibility for suppliers to innovate. Reference: CIPS Level 4, Specification Standards.


NEW QUESTION # 154
......

Choosing our L4M2 learning guide is not only an enrichment of learning content, but also an opportunity to improve our own discovery space. Our L4M2 study dumps could bring huge impact to your personal development, because in the process of we are looking for a job, hold a certificate you have more advantage than your competitors, the company will be a greater probability of you. After using our L4M2 Study Dumps, users can devote more time and energy to focus on their major and makes themselves more and more prominent in the professional field. Therefore, our L4M2 exam materials can help you achieve multiple returns in the future, provide you with more opportunities to pursue higher life goals, and create a higher quality of life.

Exam Dumps L4M2 Pdf: https://www.actualtestsit.com/CIPS/L4M2-exam-prep-dumps.html

Report this page