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CIPS Updated L4M2 Exam Questions and Answers by giulia

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CIPS L4M2 Exam Overview :

Exam Name: Defining Business Needs
Exam Code: L4M2 Dumps
Vendor: CIPS Certification: CIPS Level 4 Diploma in Procurement and Supply
Questions: 237 Q&A's Shared By: giulia
Question 20

A company department is writing a business case to justify the purchase of an expensive piece of capital equipment. Which of the following should be included in the business case?

    Terms and conditions of contract

    Tender evaluation criteria

    Degree of added value

    Financial plan

Options:

A.

1 and 2 only

B.

2 and 3 only

C.

3 and 4 only

D.

1 and 4 only

Discussion
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Question 21

What criteria can be applied in the production of a business case?

Options:

A.

Questions, price, and evaluation

B.

Suggestions, feedback, and forecast

C.

Plans, delivery, and design

D.

Costs, benefits, and options

Discussion
Question 22

What is the purpose of sending value engineering analysis to external suppliers?

Options:

A.

To improve early supplier involvement

B.

To improve the existing products

C.

To analyse the supply market

D.

To standardise production processed

Discussion
Question 23

Which of the following factors should be assessed to understand the competitiveness of a supply market?

Options:

A.

Presence of a minimum wage

B.

Gross National Product of the country of manufacture

C.

Number of suppliers within the market

D.

Previous price paid for goods

Discussion
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