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The CIPS L4M2 exam covers a range of topics related to defining business needs, including identifying business requirements, performing market analysis, developing procurement strategies, and managing supplier relationships. These topics are essential for individuals who are responsible for managing procurement activities within their organizations. L4M2 exam is designed to test the candidate's understanding of these topics and their ability to apply them in real-world situations.

CIPS L4M2 Exam is a key qualification for procurement professionals who want to progress to more senior roles within their organization. It provides a comprehensive understanding of the procurement process and the skills required to develop effective procurement strategies. L4M2 exam is also recognized by employers as a valuable qualification for procurement professionals.

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The CIPS job market has become so competitive and challenging. To stay competitive in the market as an experienced CIPS professional you have to upgrade your skills and knowledge with the Defining Business Needs (L4M2) certification exam. With the CIPS L4M2 exam dumps you can easily prove your skills and upgrade your knowledge. To do this you just need to enroll in the Defining Business Needs (L4M2) certification exam and put all your efforts to pass this challenging L4M2 exam with good scores. However, you should keep in mind that to get success in the L4M2 certification exam is not a simple and easy task.

CIPS L4M2 (Defining Business Needs) certification exam is a highly respected qualification that is recognized globally. It is designed for procurement and supply chain management professionals who are looking to advance their careers and demonstrate their knowledge and skills in this field. By passing L4M2 Exam, candidates can enhance their career prospects and demonstrate their commitment to excellence in procurement and supply chain management.

CIPS Defining Business Needs Sample Questions (Q187-Q192):

NEW QUESTION # 187
Royal Navy is preparing a through-life contract. They put to the contract a term on rectification of operational defects and planning and delivery of Fleet Time Support Periods. Which part of through-life requirement does this term belong to?

A. Manufacture
B. Installation
C. Customer support
D. In-service support

Answer: D

Explanation:
There are 6 main components of the through-life requirements of an asset: Design, Manufacture, Installation, In-service support, Decommission and disposal and Customer support.
Rectification of operational defects and planning and delivery of Fleet Time Support Periods are maintenance activities which belong to in-service support. You may have chosen Customer support. However, in through-life asset management context, customer support does not include maintenance services. Instead, it is the services that go along the stages of asset life. It may include consulting, communication and information exchange.

Source: Andrew Graves
Reference:
LO 3, AC 3.2

NEW QUESTION # 188
XYZ Ltd is a large supermarket chain which operates mainly in the UK and Europe. Their custom-ers are increasingly concerned about sustainability. Therefore, procurement manager is required to source the products from suppliers who have good environmental performance. Which of the fol-lowing can be an assurance that the supplier has procedures and policies to enhance its environmental performance?

A. ISO 22716:2007 certificate
B. ISO 9001:2015 certificate
C. ISO 14001:2015 certificate
D. ISO 13485:2016 certificate

Answer: C

Explanation:
ISO 9001:2015 specifies requirements for a quality management system.
ISO 14001:2015 specifies the requirements for an environmental management system that an or-ganization can use to enhance its environmental performance. ISO 14001:2015 is intended for use by an organization seeking to manage its environmental responsibilities in a systematic manner that contributes to the environmental pillar of sustainability.
ISO 22716:2007 gives guidelines for the production, control, storage and shipment of cosmetic products. These guidelines cover the quality aspects of the product, but as a whole do not cover safety aspects for the personnel engaged in the plant, nor do they cover aspects of protection of the environment.
ISO 13485:2016 specifies requirements for a quality management system where an organization needs to demonstrate its ability to provide medical devices and related services that consistently meet customer and applicable regulatory requirements.
Reference:
LO 3, AC 3.1

NEW QUESTION # 189
Facing fiercer competition at home and abroad, IKEA, the leading furniture retailer, needs to im-prove its competitiveness. In order to do this, IKEA must decrease operating costs and improve quality of current and new retail stores. The company establishes a project team. The job of the team is to collect data on performance from multiple stores in several countries, then select the best performing one. The team will work closely with best performing store and study its processes. After the research, the team will recommend best practices to other retail stores. IKEA management can also apply these practices to new stores in the future. Which of the following correctly describe the process undertaken by IKEA project team?

A. Competitive benchmarking
B. Site visit
C. Internal benchmarking
D. Internal audit

Answer: C

Explanation:
Basically, IKEA project team is undertaking the following process:
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This is a typical benchmarking process. Benchmarking is defined as the process of measuring products, services, and processes against those of organizations known to be leaders in one or more aspects of their operations. Benchmarking provides necessary insights to help you understand how your organization compares with similar organizations, even if they are in a different business or have a different group of customers.
In the scenario, benchmarking process is undertaken within subsidiaries of IKEA, thus it is internal.

NEW QUESTION # 190
Which of the following is a risk to buying organization when using conformance specification?

A. Buyer cannot control the inputs
B. Buyer may face liquidity risks
C. Buyer is responsible for product failure
D. Time to produce specification is shortened

Answer: C

Explanation:
When using conformance specification, the buying organisation is responsible for the performance of the purchase. If the product fails due to poorly designed specification, the buyer is wholly responsible for it. It cannot blame the supplier for the failure because they still provided 'fit for purpose' product.
'Time to produce specification is shortened': Conformance specification requires details on dimen-sion, materials, design, etc. With such requirements, time to produce a complete conformance specification is often longer than producing performance specification.
'Buyer cannot control the inputs': Conformance specification is a list of inputs from buyer, so buyer has control over the inputs that will make the product. It also means that buyer is responsible for any product failure.
'Buyer may face liquidity risks': Liquidity means that how quick a business turns its assets into cash. This is a financial term, it does not link directly with specification failure.
Reference:
LO 3, AC 3.1

NEW QUESTION # 191
Which of the following may allow suppliers free to choose the materials, manufacturing process or delivery process?

A. Design specification
B. Performance specification
C. Conformance specification
D. Technical specifications

Answer: B

Explanation:
The Performance Specifications define what the system being designed must do, and not how it must do it. In this step a list of needs and wants should be created. The needs are customer requirements, while the wants are engineering desires. If a buyer adopts performance specification, the supplier will be free to choose how to make and deliver the product.
A technical specification document outlines how you're going to address a technical problem by designing and building a solution for it.
A design specification is a detailed document providing a list of points regarding a product or pro-cess. For example, the design specification could include required dimensions, environmental fac-tors, ergonomic factors, aesthetic factors, maintenance that will be needed, etc. It may also give specific examples of how the design should be executed, helping others work properly (a guideline for what the person should do).
With conformance specification the buyer says what they want and how they want it and the supplier has to meet this

NEW QUESTION # 192
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CIPS Defining Business Needs Sample Questions (Q187-Q192):

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