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| Section | Objectives |
|---|---|
| Topic 1: Understand how to develop a business case for requirements to be sourced from external suppliers | - Analyse how market factors affect procurement |
| Topic 2: Understand the use of specifications in procurement and supply | |
| Topic 3: Understand market management in procurement and supply | - Compare the competitive forces that influence markets
|
The CIPS L4M2 questions PDF questions are portable and printable, making it simple for you to prepare for the Defining Business Needs (L4M2) test in a short time. Smart devices such as smartphones, tablets, and laptops all support the CIPS L4M2 Exam PDF dumps format of our study material.
NEW QUESTION # 249
Which of the following are the focuses of ISO 14001:2015?
Answer: B
Explanation:
ISO 14001:2015 specifies the requirements for an environmental management system that an or-ganization can use to enhance its environmental performance. ISO 14001:2015 is intended for use by an organization seeking to manage its environmental responsibilities in a systematic manner that contributes to the environmental pillar of sustainability.
ISO 14001:2015 helps an organization achieve the intended outcomes of its environmental man-agement system, which provide value for the environment, the organization itself and interested parties. Consistent with the organization's environmental policy, the intended outcomes of an environmental management system include:
* enhancement of environmental performance;
* fulfilment of compliance obligations;
* achievement of environmental objectives.
ISO 14001:2015 is applicable to any organization, regardless of size, type and nature, and applies to the environmental aspects of its activities, products and services that the organization determines it can either control or influence considering a life cycle perspective. ISO 14001:2015 does not state specific environmental performance criteria.
ISO 14001:2015 can be used in whole or in part to systematically improve environmental manage-ment.
Claims of conformity to ISO 14001:2015, however, are not acceptable unless all its require-ments are incorporated into an organization's environmental management system and fulfilled without exclusion.
In conclusion, ISO 14001:2015 focuses on: management system (including roles, leadership and processes) and the life cycle of product or service. Life cycle is defined as "consecutive and inter-linked stages of a product (or service) system, from raw material acquisition or generation from natural resources to final disposal. [...] The life cycle stages include acquisition of raw materials, design, production, transportation/ delivery, use, end-of-life treatment and final disposal." The answer is process and life cycle.
Reference:
- ISO 14001:2015 Environmental management systems - Requirements with guidance for use LO 3, AC 3.1
NEW QUESTION # 250
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?
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 # 251
Which of the following factors might prompt an organisation to procure an alternative product? Select THREE that apply:
Answer: B,D,F
Explanation:
According to Michael Porter, the threat of substitution, is a function of three factors:
* The relative value/ price of a substitute compared to an industry's product
* The cost of switching to the substitute
* The buyer's propensity to switch
(Porter, Michael E.. Competitive Advantage: Creating and Sustaining Superior Performance (p. 278). Free Press. Kindle Edition.) Reference: CIPS study guide page 92-97 LO 2, AC 2.2
NEW QUESTION # 252
Which of the following market sectors is largely commodity dependent, impacted by food standards and public health, impacted by climate change and population change, and driven by technology to improve production yield?
Answer: C
Explanation:
The agriculture sector is influenced by many external variables, including climate change, health standards, and commodity price fluctuations.
The CIPS L4M2 Study Guide, Chapter 2: Market Management, explains:
"Agriculture is heavily influenced by weather conditions, environmental standards, and global population demands. It ' s also driven by technology to increase yield and address sustainability." Option analysis:
* A. Services - Less affected by commodities or environmental changes.
* B. Agriculture - Correct. Matches all criteria in the question.
* C. Retail - Impacted by supply chain issues, but not directly commodity-dependent.
* D. Finance - Impacted by regulations and markets but not climate or food standards.
Correct answer: B
CIPS Study Guide Reference:
* Module: L4M2 - Defining Business Needs
* Chapter 2: Understanding Market Sectors
* Section: External Factors Influencing Supply Markets
NEW QUESTION # 253
Which of the following are typical environmental considerations throughout the contract life cycle? Select the TWO that apply.
Answer: A,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:
Diagram Description automatically generated
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.
Graphical user interface, text, application, email Description automatically generated
Source: Buying for Victoria
NEW QUESTION # 254
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