BTW, DOWNLOAD part of VCEDumps L4M2 dumps from Cloud Storage: https://drive.google.com/open?id=10g85uCnzBS1TgE7IGbKCc_SVVGJQgyv_
The pass rate for L4M2 learning materials is 98.75%, and you can pass the exam successfully by using the L4M2 exam dumps of us. We also pass guarantee and money back guarantee if you fail to pass the exam, and the refund money will be returned to your payment account. The L4M2 Learning Materials are famous for their high-quality, and if you choose, they can not only improve your ability in the process of learning but also help you get the certificate successfully. Choose us, and you will never regret.
| Section | Objectives |
|---|---|
| Topic 1: Understand the use of specifications in procurement and supply | |
| Topic 2: Understand market management in procurement and supply | - Compare the competitive forces that influence markets
|
| Topic 3: Understand how to develop a business case for requirements to be sourced from external suppliers | - Analyse how market factors affect procurement |
>> CIPS L4M2 Latest Mock Exam <<
If your answer is yes then you need to start Channel Partner Program L4M2 test preparation with CIPS L4M2 PDF Questions and practice tests. With the VCEDumps Channel Partner Program Defining Business Needs L4M2 Practice Test questions you can prepare yourself shortly for the final Defining Business Needs L4M2 exam.
NEW QUESTION # 156
Avram is carrying out a competitive tendering exercise for a security service provider, is this a straight re-buy?
Answer: D
NEW QUESTION # 157
Which of the following are typical social considerations throughout the contract life cycle? Select the TWO that apply.
Answer: A,B
Explanation:
The following are typical social criteria in procurement:
* Reducing unemployment
* Preventing the use of child labour
* Preventing discrimination on the grounds of race, religion, disability, sex or sexual orientation
* Encouraging good employment practice
* Reducing local unemployment
* Reducing social exclusion
* Promoting training opportunities for the young or disadvantaged
* Encouraging access to work for people with disabilities
Reference:
LO 3, AC 3.2
NEW QUESTION # 158
When making a business case, the proposal has to consider financial costs, non-financial costs and opportunity costs. What is an opportunity cost?
Answer: C
NEW QUESTION # 159
Robert is a senior buyer at MMC Construction Ltd. His company is doing multiple development projects in the country, which increases procurement workload significantly. Meanwhile, most of the tasks are handled manually, which causes bottlenecks in the workflows. The procurement team is overwhelmed by the workload and complains from other departments. From previous experience, Robert knows that electronic system may help his procurement team. He writes a business case to submit to the senior management, in which he insists on the possible productivity improvement by adopting e-system in procurement. Is Robert's action reasonable?
Answer: D
Explanation:
Composing a compelling business case requires the proposer to write in the language of the approvers.
Generally, approvers are business executives or important shareholders whose major interest is the profitability of the firm. Business case proposer may embed the following contents:
- Return on investment: according to Investopedia, Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of a number of different investments. ROI tries to directly measure the amount of return on a particular investment, relative to the investment's cost. A business case would seem more attractive if the proposal is expected to have high ROI.
- Time to market: Time-to-market (TTM) refers to the time from which a company initially con-ceives a product or service idea to the point when the actual product or service is accessible to buyers in the market (Afonso et al., 2008). The speed at which companies can introduce products into the market is critical for sustaining competitive advantage, and the reduction of product development cycle time has become a strategic objective for many technology-driven firms.
- Customer satisfaction: Keeping existing customer to stay in the business can affect greatly on the profit margin of a firm. A new proposal that finds the way to innovate while keeping the current customers satisfied may gain the interest of senior management.
- Improving productivity: Productivity is the measure of how efficient and effective a firm is. Im-proving the productivity means that with the same or lesser input, better output is generated. In-creasing productivity also improves the profitability of a company.
- Risk management: Any business activity contains inherent risks. For example, for a mining company to be truly responsible, it must keep all of its workers safe, healthy and motivated, meet the expectations of the local community and government for the region in which it is operating, ensure it impacts on the environment positively if at all, as well as achieve the financial objectives set by its investors for both the short and long term. Managing risks well improves the production throughput and maintains customer satisfaction.
In the scenario, Robert is trying to convince the senior management to adopt e-procurement system by insisting on potential productivity improvement. This is the right approach. A business plan should engage and please senior management and directors. An appealing business case tells them how important things to the business (such as productivity, return on investment, customer satisfaction or costs) are affected by the plan.
NEW QUESTION # 160
A buyer can use sources of information to review indirect costs associated with the manufacture of goods to support supplier negotiations. Is this statement true?
Answer: A
Explanation:
Detailed Explanation:Analyzing both direct and indirect costs helps buyers understand cost structures and negotiate effectively. Indirect costs, like overheads, can be identified through supplier data and market benchmarks, aiding in cost transparency. Reference: CIPS Level 4, Cost Management and Negotiation.
NEW QUESTION # 161
......
With our outstanding L4M2 exam questions, we can assure you a 99% percent pass rate. Due to continuous efforts of our experts, we have exactly targeted the content of the L4M2 exam. You will pass the exam after 20 to 30 hours' learning with our L4M2 Study Material. Many users have witnessed the effectiveness of our L4M2 guide exam you surely will become one of them. Try it right now!
Real L4M2 Exam: https://www.vcedumps.com/L4M2-examcollection.html
BTW, DOWNLOAD part of VCEDumps L4M2 dumps from Cloud Storage: https://drive.google.com/open?id=10g85uCnzBS1TgE7IGbKCc_SVVGJQgyv_