BTW, DOWNLOAD part of TorrentVCE L4M2 dumps from Cloud Storage: https://drive.google.com/open?id=114J7-5Qgt5KuXP6yrHmwVpwJdS-DFGqE
L4M2 exam cram is famous for instant access to download, and you can receive your download link and password within ten minutes, so that you can start your learning immediately. If you don’t receive the download link, you can contact us, and we will solve the problem for you as quickly as possible. In addition, L4M2 Exam Dumps contain both questions and answers, and they also cover most of knowledge points for the exam, and you can improve your professional knowledge as well as pass the exam.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Market management in procurement and supply | 20-25% | - Assess market forces and trends
|
| Topic 2: Devise a business case for requirements sourced externally | 20-25% | - Interpret financial budgets for purchase control
|
| Topic 3: Legal and regulatory considerations | 10-15% | - Sustainability and ethical requirements
|
| Topic 4: Stakeholder management in defining needs | 15-20% | - Align needs with organisational objectives
|
| Topic 5: Use specifications in procurement and supply | 20-25% | - Advantages and limitations of specification types
|
TorrentVCE will give you the best exam L4M2 study guide for your exam. The validity and reliability of our L4M2 practice torrent is confirmed by our experts. There are many customers have passed their L4M2 exam with our help. Our L4M2 test materials will be updated on the homepage and timely update the information related to the L4M2 qualification examination. We will give some promotion on our pdf cram, so that you can get the most valid and cost effective L4M2 prep material. So you can rest assured to choose our L4M2 training guide.
NEW QUESTION # 55
Which of these are advantages of using a conformance specification? Select TWO that apply.
Answer: B,D
NEW QUESTION # 56
Which of the following are typical environmental considerations throughout the contract life cycle? Select the TWO that apply.
Answer: C,E
Explanation:
All procurement has some level of impact on the environment that needs to be minimised to ensure sustainable procurement practices.
The greatest opportunity to influence environmental outcomes is by selecting products and services with the least ongoing environmental impacts, such as use of water, electricity and fuel, waste/disposal management, and impact on human health over the life of the product or service.
Lifecycle stages that impact on the environment:
Most goods and services will have an element of environment impact in a number of areas. The five main impact areas are listed in the following table.
Source: Buying for Victoria
Reference:
LO 3, AC 3.2
NEW QUESTION # 57
What will be the result of retaliation between business rivals in an industry?
Answer: D
Explanation:
Industry rivalry-or rivalry among existing firms-is one of Porter's five forces used to deter-mine the intensity of competition in an industry. Other factors in this competitive analysis are:
- Barriers to entry
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of substitutes
Industry rivalry usually takes the form of jockeying for position using various tactics (for example, price competition, advertising battles, product introductions). This rivalry tends to increase in intensity when companies either feel competitive pressure or see an opportunity to improve their position.
In most industries, one company's competitive moves will have a noticeable impact on the competition, who will then retaliate to counter those efforts. Companies are mutually dependent, so the pattern of action and reaction may harm all companies and the industry.
Some types of competition (for example, price competition) are very unstable and negatively influence industry profitability. Other tactics (for example, advertising battles) may positively influence the industry, as they increase demand or enhance product differentiation.
References
Porter, M. (1998). Competitive Strategy. New York: Free Press. pp. 17-23.
CIPS study guide page 86-87
LO 2, AC 2.2
NEW QUESTION # 58
Which of the following is an assumption of Kano model?
Answer: D
Explanation:
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 three categories (figure 3):
a) Basic Requirements. The basic requirements fulfill the basic functions of a product. If they are not present or their performance is insufficient, customers will be extremely dissatisfied. On the other hand, if they are present or have sufficient performance, they don't bring satisfaction. Customers see them as prerequisites. For instance, for luxury automobiles, "air bags" are considered basic. A customer won't feel satisfied if the automobile has "air bag", however he/she will not buy it if "air bag" is not present.
b) Performance Requirements. As for these requirements, satisfaction is proportional to the performance level
- the higher the performance, the higher the customer's satisfaction will be and vice-versa. Gas consumption in automobiles is an example of these requirements. Usually customers explicitly demand performance requirements.
c) Excitement Requirements. These requirements are key to customer satisfaction. If they are pre-sent or have sufficient performance, they will bring superior satisfaction. On the other hand, if they are not present or their performance is insufficient, customers will not get dissatisfied. For instance, a surprise gift at the end of a dinner in a restaurant will certainly bring satisfaction, but it will not cause dissatisfaction if not offered. These requirements are not demanded nor expected by customers.
Two other types of requirements may be identified in the Kano model: neutral and reverse ones. Neutral requirements do not bring either satisfaction or dissatisfaction. Reverse requirements bring more satisfaction if absent than if present.
Diagram Description automatically generated
Reference:
- Integrating Kano model and QFD for Designing New Products
- CIPS study guide page 171-172
NEW QUESTION # 59
Sabic is a petrochemical manufacturer. It wants to digitalise its operation and is looking for new IT system.
The procurement manager approaches this matter with a through-life specification. He supposes that stating
"good quality" in the specification will be enough for quality standard section. Is the procurement manager's thought appropriate?
Answer: A
Explanation:
Specifications for through-life contracts must be clear. They should use precise technical language and avoid any ambiguity as much as possible. In most cases, 'good quality' is ambiguous. The con-tractor doesn't know exactly which product the buying organisation needs and how to supply that product.
Other notices for description of requirement are:
- Short and simply description
- Clear definitions at the beginning of the documents
- Clarify abbreviations (if any), but abbreviations should be avoided as much as possible
- Avoid any 'slang'
- Use imperative forms of language whenever possible.
LO 3, AC 3.2
NEW QUESTION # 60
......
Many candidates do not have actual combat experience, for the qualification examination is the first time to attend, so about how to get the test L4M2 certification didn't own a set of methods, and cost a lot of time to do something that has no value. With our L4M2 Exam Practice, you will feel much relax for the advantages of high-efficiency and accurate positioning on the content and formats according to the candidates’ interests and hobbies. And you will be bound to pass the exam with our L4M2 learning guide!
L4M2 Actual Test Pdf: https://www.torrentvce.com/L4M2-valid-vce-collection.html
What's more, part of that TorrentVCE L4M2 dumps now are free: https://drive.google.com/open?id=114J7-5Qgt5KuXP6yrHmwVpwJdS-DFGqE