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CIPS L4M2 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Legal and regulatory considerations10-15%- Sustainability and ethical requirements
  • 1. Environmental, social, ethical criteria
- Legislation affecting requirements definition
  • 1. Procurement regulations, competition law, standards
Topic 2: Use specifications in procurement and supply20-25%- Advantages and limitations of specification types
  • 1. Risk, cost, flexibility, supplier innovation impact
- Types of specifications
  • 1. Drawings, samples, brands, technical standards
  • 2. Conformance vs performance specifications
  • 3. Output/outcome-based specifications
- Sources for developing specifications
  • 1. Suppliers, industry benchmarks, regulatory requirements
  • 2. Internal stakeholders, technical experts, standards bodies
Topic 3: Stakeholder management in defining needs15-20%- Communicate and consult with stakeholders
  • 1. Methods for gathering requirements
  • 2. Resolving conflicting requirements
- Identify and classify stakeholders
  • 1. Internal vs external stakeholders
  • 2. Power/interest matrix and engagement strategies
- Align needs with organisational objectives
  • 1. Strategic alignment and value contribution
Topic 4: Market management in procurement and supply20-25%- Evaluate market information sources
  • 1. Industry reports, government data, trade journals
  • 2. Supplier intelligence and market research
- Analyse market structures and competition
  • 1. Impact of market structure on procurement strategies
  • 2. Perfect competition, monopoly, oligopoly, monopolistic competition
- Assess market forces and trends
  • 1. Global vs local market conditions
  • 2. Supply and demand dynamics
  • 3. Technological, legal, economic, social factors
Topic 5: Devise a business case for requirements sourced externally20-25%- Influence of business needs on procurement decisions
  • 1. Types of purchase: new, modified rebuy, straight re-buy
  • 2. Impact of business needs on purchase types
  • 3. Procurement's role in developing business cases
- Criteria for creating business cases
  • 1. Benchmarking requirements
  • 2. Costs, benefits, options, alignment, timescales
- Estimate costs and prices for procurement activities
  • 1. Total cost of ownership / whole life costing
  • 2. Cost estimation and budgeting methods
  • 3. Market data sources for cost/price information
  • 4. Direct and indirect costs
- Interpret financial budgets for purchase control
  • 1. Purpose and structure of budgets
  • 2. Cash flow and cost entries
  • 3. Budget performance and variance management

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최신 CIPS Level 4 Diploma in Procurement and Supply L4M2 무료샘플문제 (Q293-Q298):

질문 # 293
Which of the following activities are considered as primary activities of an organization according to Porter's value chain? Select TWO that apply:

정답：A,D

설명：
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


질문 # 294
Which of the following are typical social considerations throughout the contract life cycle? Select the TWO that apply.

정답：C,D

설명：
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: CIPS study guide page 137
LO 3, AC 3.2


질문 # 295
Which type of specification is less time-consuming to develop?

정답：C

설명：
There are two major types of specification: conformance and performance specifications. They have the following characteristics:
Table Description automatically generated

Since performance specification is often a list of outputs or outcomes, it usually takes less time to develop than conformance specification.
Reference: CIPS study guide page 116-124


질문 # 296
Over the life of a product, which of the following would be considered non-value adding costs?
* Rework costs
* Production costs
* Maintenance costs
* Waste disposal costs

정답：C

설명：
In procurement and supply, particularly during the development of specifications and planning, it ' s critical to distinguish between value-adding and non-value-adding costs in order to ensure efficient and economical procurement strategies.
According to the CIPS L4M2 Defining Business Needs Study Guide, under Chapter 3: Whole-life costing and cost management, the following is explained:
" Non-value adding activities and costs are those that do not add any value from the customer ' s perspective, and they often involve unnecessary rework, delays, excessive motion, overproduction, and waste. These costs should be identified and reduced or eliminated wherever possible. " Examples of non-value adding costs include:
* Rework due to poor quality or defects
* Waste disposal of unused or excess materials
* Excessive transportation
* Waiting time or delays in process
Let's break down each option:
* 1. Rework costs # These result from fixing errors or defects. As they do not improve the product or service beyond its intended standard, they are non-value adding.
* 2. Production costs # These are necessary and directly tied to creating the product or service. They are considered value-adding.
* 3. Maintenance costs # These are planned and essential to keeping the asset or product functioning as required, making them value-adding.
* 4. Waste disposal costs # These occur at the end of a process or product lifecycle and do not contribute value. Hence, they are non-value adding.


질문 # 297
An organisation's procurement team is in the best position to make the following contribution to the specification development process, to ...

정답：C

설명：
Detailed Explanation:
Procurement teams bring valuable market insights, helping stakeholders understand supplier capabilities, potential risks, and alternative solutions. This knowledge ensures that specifications are both realistic and aligned with market conditions. Reference: CIPS Level 4, Specification Development and Supplier Collaboration.


질문 # 298
......

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