L4M2 VALID EXAM FORMAT & L4M2 RELEVANT ANSWERS

L4M2 Valid Exam Format & L4M2 Relevant Answers

L4M2 Valid Exam Format & L4M2 Relevant Answers

Blog Article

Tags: L4M2 Valid Exam Format, L4M2 Relevant Answers, Test L4M2 Passing Score, L4M2 Valid Exam Practice, L4M2 Online Version

BONUS!!! Download part of RealValidExam L4M2 dumps for free: https://drive.google.com/open?id=1bPJ8v4NbGrK5GO2Lb4ObQ6pTiunj4pji

The RealValidExam L4M2 exam practice questions are being offered in three different formats. These formats are RealValidExam L4M2 web-based practice test software, desktop practice test software, and PDF dumps files. All these three RealValidExam L4M2 exam questions format are important and play a crucial role in your Defining Business Needs (L4M2) exam preparation. With the RealValidExam L4M2 exam questions you will get updated and error-free Defining Business Needs (L4M2) exam questions all the time. In this way, you cannot miss a single Network Security Specialist L4M2 exam question without an answer.

CIPS L4M2 (Defining Business Needs) Exam is an important certification for professionals who want to develop their skills in procurement and supply chain management. L4M2 exam is designed to test the ability of individuals to identify and define business needs, and to develop effective procurement strategies to meet those needs. L4M2 exam covers a range of topics, including the procurement process, stakeholder management, and risk management.

CIPS L4M2 certification exam is an essential qualification for procurement and supply chain professionals who want to improve their skills and knowledge in identifying and defining business needs. L4M2 exam covers a wide range of topics that are critical to the effective identification of business requirements, including stakeholder analysis, market analysis, and risk analysis. Passing the CIPS L4M2 Exam is a demonstration of an individual's competence and expertise in analyzing business requirements and can help professionals achieve a successful career in procurement and supply chain management.

CIPS L4M2 (Defining Business Needs) certification exam is an excellent opportunity for business analysts and other professionals to demonstrate their expertise in defining business needs and requirements. By earning this credential, they can enhance their career prospects and contribute more effectively to the success of their organization.

>> L4M2 Valid Exam Format <<

L4M2 Valid Exam Format - Pass Guaranteed 2025 First-grade L4M2: Defining Business Needs Relevant Answers

Our product boosts many advantages and varied functions to make your learning relaxing and efficient. The client can have a free download and tryout of our L4M2 exam torrent before they purchase our product and can download our study materials immediately after the client pay successfully. L4M2 exam question provides the free update and the discounts for the old client and our experts check whether our test bank has been updated on the whole day and if there is the update the system will send the update automatically to the client. Thus you can have an efficient learning and a good preparation of the exam. It is believed that our L4M2 latest question is absolutely good choices for you

CIPS Defining Business Needs Sample Questions (Q161-Q166):

NEW QUESTION # 161
Buyers can ascertain the prices by examining information provided by primary and secondary sources of market data. Which of the following is a secondary source of market data?

  • A. Supplier prices provided on price comparison websites
  • B. Historical records of supplier prices on the buyer's database
  • C. Price brochures provided by the supplier's sales team
  • D. Suppliers' prices provided on the buyer's request for quotation

Answer: A

Explanation:
Detailed Explanation:Price comparison websites are secondary sources as they aggregate data collected from multiple suppliers. Primary sources (like RFQs and brochures) come directly from the supplier.
Reference: CIPS Level 4, Market Data Analysis.


NEW QUESTION # 162
Honda of America Manufacturing is a well established automobile manufacturer. It purchases tens of thousands of materials and parts from suppliers, however, only few of them are strategic. To these suppliers, Honda's procurement manager requires them to send details of labour, materials, overhead cost and profit.
However, the suppliers are reluctant to submit such confidential infor-mation. Is the procurement manager's action appropriate?

  • A. Yes, because the procurement manager can get a good insight from the market
  • B. No, because procurement manager should conduct life-cycle analysis
  • C. Yes, because strategies can be introduced for reducing cost and improving the supplier relationships.
  • D. No, because no suppliers are willing to show sensitive information on their costs and profit.

Answer: C

Explanation:
With strategic suppliers, the aim should be to work co-operatively with them to find ways of reducing costs to achieve a target cost. It is necessary to work with the suppliers in carrying out open book costing by having first persuaded them of the need to do it. Open book can be used to establish a Target Cost, a Compensation Event value and can eventually be used to ensure the payment of actual costs to an organization. A number of forms of contract cater for this functionality of which only the NEC goes to into any great depth of methodology.
If the suppliers worry about leak of confidential information, procurement team can suggest them to sign a non-disclosure agreement. The buying organisation should also comply with data protection regulations. The Employer / individual responsible for a project's costs should ultimately take a pragmatic and sensible approach with regard to commercially or personally sensitive data provided by the contractor. The primary goal of all open book cost management is to provide Employer comfort and security in the accuracy of commercial data; this effectively means striking a balance between undertaking full audits and blind faith.


NEW QUESTION # 163
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. Installation
  • B. Customer support
  • C. In-service support
  • D. Manufacture

Answer: C

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 # 164
Which of the following is a risk to buying organization when using conformance specification?

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

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 # 165
A company is evaluating two investment projects: Project A and Project B. Project A has a high initial cost but generates substantial cash flows over time. Project B has a lower initial cost but generates modest cash flows consistently. The company's cost model indicates a payback period of three years for Project A and a payback of four years for Project B. Which of the following statements is correct regarding the cost models and cash flow profiling for these projects?

  • A. Project A's higher initial cost is a disadvantage, and its payback period should be extended for better profitability
  • B. Project B's modest and consistent cash flows make it a risky investment option due to a longer payback period
  • C. Project B's lower initial cost allows for faster profit realisation, making it the better investment choice
  • D. Project A has a shorter payback period, making it a quicker return on investment compared to Project B

Answer: D

Explanation:
Detailed Explanation:Project A's shorter payback period means the initial investment is recovered more quickly, which is often preferred in cost models. The higher initial cost is offset by substantial cash flows, making it the more viable option based on ROI. Reference: CIPS Level 4, Investment Appraisal Techniques.


NEW QUESTION # 166
......

Our L4M2 learning materials are known for instant download. You can get the download link and password within ten minutes after purchasing, therefore you can start your learning as quickly as possible. Besides, L4M2 exam dumps contain most of knowledge points of the exam, and it will be enough for you to pass the exam, and in the process of practicing L4M2 Exam Dumps, your professional ability will also be improved. We offer you free update for 365 days after purchasing. The latest version for L4M2 training materials will be sent to your email automatically.

L4M2 Relevant Answers: https://www.realvalidexam.com/L4M2-real-exam-dumps.html

2025 Latest RealValidExam L4M2 PDF Dumps and L4M2 Exam Engine Free Share: https://drive.google.com/open?id=1bPJ8v4NbGrK5GO2Lb4ObQ6pTiunj4pji

Report this page