FREE PDF QUIZ CIPS - NEWEST L4M2 EXAM TEST

Free PDF Quiz CIPS - Newest L4M2 Exam Test

Free PDF Quiz CIPS - Newest L4M2 Exam Test

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Tags: L4M2 Exam Test, Exam L4M2 Format, L4M2 Latest Test Guide, L4M2 Exam Brain Dumps, L4M2 Valid Test Pass4sure

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CIPS Level 4M2 Defining Business Needs module is crucial for professionals who are looking to progress in their procurement and supply careers. This module provides learners with the skills and knowledge needed to identify and analyze organizational needs, which is a key competency for any procurement professional. By taking this module, learners will be able to demonstrate their expertise in procurement and supply chain management.

CIPS L4M2 certification exam is designed to test the knowledge and skills of individuals who are responsible for defining business needs and requirements. L4M2 exam covers a range of topics, including business analysis techniques, stakeholder management, requirements gathering and documentation, and business case development. L4M2 Exam is designed to ensure that individuals have a thorough understanding of how to identify, analyze, and document business needs in a way that is clear, concise, and accurate.

The Chartered Institute of Procurement and Supply (CIPS) offers a variety of certification exams that are recognized globally as a mark of excellence in the procurement and supply profession. One such certification exam is the CIPS L4M2 (Defining Business Needs) which is designed to help professionals develop a thorough understanding of business needs and how to translate them into effective procurement processes.

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Pass Guaranteed Quiz 2025 The Best L4M2: Defining Business Needs Exam Test

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CIPS Defining Business Needs Sample Questions (Q28-Q33):

NEW QUESTION # 28
Which type of specification is less time-consuming to develop?

  • A. Design specification
  • B. Conformance specification
  • C. Outcome-based specification
  • D. Technical drawings

Answer: C

Explanation:
There are two major types of specification: conformance and performance specifications. They have the following characteristics:
Table Description automatically generated

Since performance specification is often a list of outputs or outcomes, it usually takes less time to develop than conformance specification.


NEW QUESTION # 29
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. Leverage market competition to drive down cost
  • D. Bundle these instruments into larger contract

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 # 30
When analysing competitive forces in a market, which of the following can be seen as a supplier having low bargaining power? Select TWO that apply.

  • A. Low competition in the marketplace
  • B. A high number of substitutes available
  • C. Low switching costs between products
  • D. Low levels of innovation
  • E. High quality products

Answer: B,C


NEW QUESTION # 31
Which of the following is the structured approach for defining customer requirements and translating them into technical specification?

  • A. Kano model
  • B. Quality function deployment
  • C. Mendelow's matrix
  • D. Thomas-Kilmann model

Answer: B

Explanation:
Quality function deployment (QFD) is a method to transform qualitative user demands into quantitative parameters, to deploy the functions forming quality, and to deploy methods for achieving the design quality into subsystems and component parts, and ultimately to specific elements of the manufacturing process.
Kano model of excitement and basic quality (Kano et al, 1984; Berger et al, 1993; Matzler et al, 1996) brings a different perspective for the analysis of improvement opportunities in products and services because it takes in consideration the asymmetrical and non-linear relationship between performance and satisfaction. The Kano model classifies customers requirements in five categories: basic requirements, performance requirements, attractive requirements, indifferent requirements and reverse requirements.
Mendelow's Matrix is a tool that may be used by an organisation to consider the attitude of their stakeholders at the start of a project or when they are setting out strategic objectives.
The Thomas Kilmann model identifies two dimensions when choosing a course of action in a con-flict situation, these are assertiveness and cooperativeness. Assertiveness is the degree to which you try to satisfy your own needs. Cooperativeness is the degree to which you try to satisfy the other person's concerns.
Reference:
LO 1, AC 1.2


NEW QUESTION # 32
Which kind of these following costs belong to fixed costs? Select TWO that apply.

  • A. The packaging and distribution costs
  • B. Energy consumption in manufacturing
  • C. The costs of leasing or purchasing capital equipment
  • D. The depreciation of capital inputs
  • E. The annual income tax charged by local authorities

Answer: C,D

Explanation:
Based on variability, the costs has been classified into three categories, they are fixed, variable and semi variable. Fixed costs, as its name suggests, is fixed in total i.e. irrespective of the number of output produced.
Variable costs vary with the number of output produced. Semi-variable is the type of costs, which have the characteristics of both fixed costs and variable costs (Source: Key Differences).
Among above costs, leasing and depreciation are relatively static and do not change if volume of business activities increase or reduce.
Packaging, utilities and annual business rate (tax) are variable costs.


NEW QUESTION # 33
......

Holding a L4M2 certification in a certain field definitely shows that one have a good command of the L4M2 knowledge and professional skills in the related field. However, it is universally accepted that the majority of the candidates for the Defining Business Needs exam are those who do not have enough spare time and are not able to study in the most efficient way. Our L4M2 Study Materials sove this problem perfectly for you with high-efficience and you will know if you can just have a try!

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