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| Certification Vendor: | CIPS (Chartered Institute of Procurement & Supply) |
|---|---|
| Exam Name: | CIPS Level 4 Diploma in Procurement and Supply – L4M2 Defining Business Needs |
| Exam Number: | L4M2 |
| Available Languages: | English |
| Passing Score: | 70% |
| Real Exam Qty: | 60 |
| Related Certifications: | CIPS Level 4 Diploma in Procurement and Supply CIPS Level 5 Advanced Diploma in Procurement and Supply |
| Certificate Validity Period: | No expiry (qualification does not expire once achieved) |
| Exam Format: | Computer-based objective test, Multiple-choice questions |
| Exam Duration: | 120 minutes |
| Recommended Training: | CIPS Level 4 Learning Support CIPS Official Study Resources |
| Exam Registration: | Pearson VUE CIPS Exams Booking CIPS Qualifications Registration |
| Sample Questions: | CIPS L4M2 Sample Questions |
| Exam Way: | Computer-based exam delivered via authorised test centres or remote proctoring (Pearson VUE) |
| Pre Condition: | No formal prerequisites required, but completion of CIPS Level 3 is recommended for progression into Level 4. |
| Official Syllabus URL: | https://www.cips.org/qualifications/ |
One of the key factors for passing the exam is practice. Candidates must use L4M2 practice test material to be able to perform at their best on the real exam. This is why TestKingFree has developed three formats to assist candidates in their L4M2 Preparation. These formats include desktop-based L4M2 practice test software, web-based practice test, and a PDF format.
CIPS L4M2 (Defining Business Needs) exam is tailored for professionals who are involved in the procurement and supply cycle within their organizations. Defining Business Needs certification is best suited for individuals who are responsible for identifying and defining the business needs of their organizations and developing effective procurement strategies that meet those needs. It is ideal for professionals who are looking to advance their careers in procurement and supply by developing the skills and knowledge needed to operate at a high level of competency.
To prepare for the CIPS L4M2 Exam, candidates need to have a good understanding of procurement principles and practices, as well as a strong knowledge of the business environment. Study materials and exam preparation courses are available from CIPS, as well as from a range of other providers.
NEW QUESTION # 15
According to Porter's value chain, which of the following activities is categorised as support activity?
Answer: A
Explanation:
Primary activities consist of inbound logistics, operations, outbound logistics, sales & marketing, service.
Second activities consist of firm infrastructure, human resource management, technology development and procurement Graphical user interface, diagram Description automatically generated
Support activities (also known as secondary activities) include Firm infrastructure, Human resource management, Technology development and Procurement. Developing digital SRM technology to manage suppliers better is Technology development.
LO 1, AC 1.2
NEW QUESTION # 16
Synergy Ltd is a fast-growing tool and hardware retailer. The company's customer services team has been using Excel worksheets to manage customer relationships. When the company is expend-ing its market presence, this way of working leads to poorer customer services as the database is scattered around in spreadsheet, leading to patchy and inconsistent conversations with customers. The company decides to purchase a CRM system. What requirement should Synergy's procurement team take into account in the specification for CRM system?
Answer: B
Explanation:
The purpose of this question is to test the student's ability to identify the problems and translate those problems to actionable requirements before communicating with the suppliers. The scenario suggests that Synergy Ltd's customer services team is using Excel spreadsheets, they lack a centralised customer database.
This leads to problems in communications with customers.
A CRM system can solve the communication problem. But a question arises: If a CRM system is employed, how will the previous data be imported? If the CRM system can support bulk import from Excel tables, it will save a lot of time.
NEW QUESTION # 17
The bargaining strength of suppliers is likely to be high in which of the following situations? Select TWO that apply:
Answer: A,B
Explanation:
Detailed Explanation:
B (Limited number of suppliers): Fewer suppliers lead to higher bargaining power due to reduced competition.
E (Urgent buyer requirement): Suppliers gain leverage when buyers have limited time to source alternatives.
Education on markets and buyer size are factors that strengthen buyer, not supplier, bargaining power.
Reference: CIPS Level 4, Supplier Negotiation and Market Power.
NEW QUESTION # 18
Andrew is responsible for procurement of capital assets at Lumber Ltd. He is devising new business case for the purchase of a new band saw. The purchase price of the saw is $50,000. Andrew estimates that the machine will generate $10,000 per year of net cash flow. What is the payback period of this band saw?
Answer: A
Explanation:
Payback period is the time in which the initial outlay of an investment is expected to be recovered through the cash inflows generated by the investment. It is one of the simplest investment apprais-al techniques.
Since cash flow estimates are quite accurate for periods in the near future and relatively inaccurate for periods in distant future due to economic and operational uncertainties, payback period is an indicator of risk inherent in a project because it takes initial inflows into account and ignores the cash flows after the point at which the initial investment is recovered.
The formula to calculate the payback period of an investment depends on whether the periodic cash inflows from the project are even or uneven.
If the cash inflows are even (such as for investments in annuities), the formula to calculate payback period is:
Payback Period = Initial Investment / Net Cash Flow per Period
When cash inflows are uneven, we need to calculate the cumulative net cash flow for each period and then use the following formula:
Payback Period =A + (B/C)
Where,
A is the last period number with a negative cumulative cash flow;
B is the absolute value (i.e. value without negative sign) of cumulative net cash flow at the end of the period A; and C is the total cash inflow during the period following period A Cumulative net cash flow is the sum of inflows to date, minus the initial outflow.
NEW QUESTION # 19
Which of the following activities are considered as primary activities of an organization according to Porter's value chain? Select TWO that apply:
Answer: B,E
Explanation:
Primary activities consist of inbound logistics, operations, outbound logistics, sales & marketing, service.
Second activities consist of firm infrastructure, human resource management, technology development and procurement The following graph illustrate the value chain (Source: Smartsheet) Graphical user interface, diagram Description automatically generated
Picking and delivery components is inbound logistics.
Maintenance is an example of operations activity.
Sourcing transportation services is an activity of procurement
Assembly design is an activity in research and development (Technology) Recruiting is an activity of human resource management Reference: CIPS study guide page 71 LO 2, AC 2.1
NEW QUESTION # 20
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