BONUS!!! Download part of TestsDumps L4M2 dumps for free: https://drive.google.com/open?id=1UpppluQ80WT6hKhHzFTh9534VD9nJxCW
Our L4M2 practice braindumps beckon exam candidates around the world with our attractive characters. Our experts made significant contribution to their excellence of the L4M2 study materials. So we can say bluntly that our L4M2 simulating exam is the best. Our effort in building the content of our L4M2 learning questions lead to the development of learning guide and strengthen their perfection.
| Section | Objectives |
|---|---|
| Topic 1: Risk, sustainability, and compliance considerations | - Sustainability and ethical sourcing requirements - Legal and regulatory constraints affecting specifications - Managing procurement and supply risks |
| Topic 2: Demand management and value for money | - Balancing cost, quality, and risk - Whole life costing and total cost of ownership - Demand analysis and forecasting |
| Topic 3: Understanding and defining business needs | - Alignment of procurement with organisational objectives - Role of procurement in identifying and defining needs |
| Topic 4: Specification development | - Types of specifications (input, output, conformance) - Stakeholder engagement in requirements definition - Key performance indicators and measurable requirements |
A bold attempt is half success. Stop hesitating again, just try and choose our L4M2 test braindump. Please trust me, if you pay attention on dumps content, even just remember the questions and answers you will clear your exam surely. L4M2 test braindump will be the right key to your exam success. As long as the road is right, success is near. Don't be over-anxious, wasting time is robbing oneself. Our CIPS L4M2 test braindump will be definitely useful for your test and 100% valid. Money Back Guaranteed!
NEW QUESTION # 213
A procurement manager is writing a conformance specification for a non-core component. She thinks that if the requirements in specification are higher than ISO standards, her company can achieve greater cost-savings. Is the procurement manager's opinion correct?
Answer: C
Explanation:
The specification that is produced too detailed will incur unnecessary cost because it does not allow suppliers to use their expertise in finding the most efficient way to produce it.
'No, because higher requirements in specification, the greater bargaining power of buying organi-sation': more detailed specifications could tighten the supplier base and potentially leave buying organisation with fewer potential supplier. This may reduce buyer's bargaining power in negotia-tion.
'Yes, because higher requirements will help buying organisation find the best supplier': in some circumstances, higher requirements will lead to smaller supplier base. In the worst scenario, there is no supplier who has capability to carry out those requirements
'Yes, because optimising the specification is the only method to achieve value for money': There are other methods to achieve cost saving and value for money, inter alia, volume concentration, relationship restructuring, etc.
Reference:
LO 3, AC 3.1
NEW QUESTION # 214
Which of the following are typical benefits of through-life asset management to buying organisa-tion? Select the TWO that apply.
Answer: A,D
Explanation:
According to Andrew Graves, "Through-life Management involves the life-cycle management of the products, services and activities required to deliver a fully integrated capability to the customer, while reducing the cost of ownership for the customer." Benefits of through-life asset management can be:
- Lower total life-cycle costs
- Better match between the asset and end-user's needs
- Better supplier capabilities over time because it gains experience of buying organisation's needs.
Reference:
LO 3, AC 3.2
NEW QUESTION # 215
A charity is reviewing their spend and budget after an operation in flooded areas. They realise that the operators save money against the budgeting plan. This saving is known as...?
Answer: B
NEW QUESTION # 216
In Kano model, which of the following types of requirement should be excluded from the product or service?
Answer: C
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 (or Must-be requirement). The basic requirements fulfill the basic func-tions 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 (or One-dimensional 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 (or Attractive requirements). These requirements are key to cus-tomer satisfaction. If they are present 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 require-ments 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 # 217
Which of the following sources of information are considered as primary data? Select TWO that apply.
Answer: C,E
Explanation:
The aim of this question is to check students' understanding of different types of data. There are 2 types of data:
- Primary data is the collection of original or raw data which are generated from field research. In this case, only RFI and surveys from customers are considered as primary data.
- On the other hand, secondary data is public information that has been collected by others. It is typically free or inexpensive to obtain and can act as a strong foundation to any research project - provided you know where to find it and how to judge its worth and relevance. Examples of secondary data are government statistics, industry associations, trade publications, published market reports, etc.
Reference:
LO 1, AC 1.2
NEW QUESTION # 218
......
As you may know that we have become a famous brand for we have engaged for over ten years in this career. The system designed of L4M2 learning guide by our professional engineers is absolutely safe. Your personal information will never be revealed. Of course, our L4M2 Actual Exam will certainly not covet this small profit and sell your information. So you can just buy our L4M2 exam questions without any worries and trouble.
L4M2 Reliable Test Sample: https://www.testsdumps.com/L4M2_real-exam-dumps.html
What's more, part of that TestsDumps L4M2 dumps now are free: https://drive.google.com/open?id=1UpppluQ80WT6hKhHzFTh9534VD9nJxCW