Cips dumpspedia pearson L4m2 New Attempt by Giulia q115 vce pdf

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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:

1 and 2 only

2 and 3 only

3 and 4 only

1 and 4 only

Discussion

Question 21

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

Options:

Questions, price, and evaluation

Suggestions, feedback, and forecast

Plans, delivery, and design

Costs, benefits, and options

Discussion

Question 22

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

Options:

To improve early supplier involvement

To improve the existing products

To analyse the supply market

To standardise production processed

Discussion

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Question 23

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

Options:

Presence of a minimum wage

Gross National Product of the country of manufacture

Number of suppliers within the market

Previous price paid for goods

Discussion

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