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| Certification Vendor: | CIPS (Chartered Institute of Procurement and Supply) |
|---|---|
| Exam Name: | Defining Business Needs |
| Exam Number: | L4M2 |
| Passing Score: | 60% |
| Related Certifications: | L4M8 Procurement and Supply in Practice L4M1 Scope and Influence of Procurement and Supply L4M7 Whole Life Asset Management L4M3 Commercial Contracting L4M4 Ethical and Responsible Sourcing L4M6 Supplier Relationships L4M5 Commercial Negotiation |
| Exam Duration: | 90 minutes |
| Real Exam Qty: | 55-65 |
| Certificate Validity Period: | 3 years |
| Exam Price: | £199 / $250 USD |
| Exam Format: | Multiple-choice questions, Objective response format |
| Available Languages: | English |
| Recommended Training: | L4M2 Defining Business Needs Study Guide Official CIPS Online Learning |
| Exam Registration: | CIPS Official Registration |
| Sample Questions: | CIPS L4M2 Sample Questions |
| Exam Way: | Computer-based; online remote proctored or in-person at authorised test centres |
| Pre Condition: | No mandatory prerequisites; recommended: relevant work experience or completion of Level 3 Certificate |
| Official Syllabus URL: | https://www.cips.org/qualifications/level-4-diploma/l4m2-defining-business-need/ |
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Nach erfolgreichem Abschluss der CIPS L4M2 Prüfung erhalten Kandidaten 12 Credits für das CIPS Level 4 Diplom. Diese Qualifikation ist in der Beschaffungs- und Supply-Chain-Management-Branche hoch angesehen und kann zu einer Vielzahl von Karrieremöglichkeiten führen. Kandidaten, die die CIPS L4M2 Prüfung bestehen, haben ihre Fähigkeit zur Analyse von Geschäftsanforderungen und zur Herstellung fundierter Beschaffungsentscheidungen nachgewiesen, die zum Erfolg des Unternehmens beitragen.
163. Frage
What issue is a buyer most likely to experience if the technical specification sent to suppliers as part of a Request For Quotation (RFQ) is insufficient?
Antwort: C
164. Frage
Which of the following specific markets engage in creation, liquidation and change of ownership of stock?
Antwort: B
Begründung:
According to Investopedia, the financial services sector provides financial services to people and corporations. This segment of the economy is made up of a variety of financial firms includ-ing banks, investment houses, lenders, finance companies, real estate brokers, and insurance com-panies. As noted above, the financial services industry is probably the most important sector of the economy, leading the world in terms of earnings and equity market capitalization. Large conglomerates dominate this sector, but it also includes a diverse range of smaller companies.
According to the finance and development department of the International Monetary Fund (IMF), financial services are the processes by which consumers or businesses acquire financial goods. For example, a payment system provider offers a financial service when it accepts and transfers funds between payers and recipients. This includes accounts settled through credit and debit cards, checks, and electronic funds transfers.
Companies in the financial services industry manage money. For instance, a financial advi-sor manages assets and offers advice on behalf of a client. The advisor does not directly provide investments or any other product, rather, they facilitate the movement of funds between savers and the issuers of securities and other instruments. This service is a temporary task rather than a tangible asset.
Financial goods, on the other hand, are not tasks. They are things. A mortgage loan may seem like a service, but it's actually a product that lasts beyond the initial provision. Stocks, bonds, loans, commodity assets, real estate, and insurance policies are examples of financial goods.
Reference:
LO 2, AC 2.1
165. Frage
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...?
Antwort: A
166. Frage
ABC Ltd has recently set up a stationery contract with a large stationery provider, obtaining fixed prices on core stationery items. The brochures have been distributed within ABC Ltd and one of the key users wants to order a corner desk and office chair from the brochure. Is this within scope?
Antwort: D
Begründung:
The scope of a contract is defined by the agreed specifications, product categories, and pricing schedules. If the contract was set up only for stationery, then furniture would be outside the contract scope - even if included in the supplier's brochure.
According to the CIPS L4M2 Study Guide, Chapter 1: Developing Specifications, it explains:
"The scope of a contract must be clearly defined. Any procurement outside of this scope may result in non- compliance and unintended spending." Analysis:
* A. No. because the contract is for stationery only - Correct. Furniture is a separate category and needs a separate procurement route if not included in the original scope.
* B. Desk not matching existing furniture - Not relevant to contractual scope.
* C. Contract with the company - Irrelevant. The scope is defined by category, not just the supplier.
* D. Equipment in brochure - Inclusion in a brochure does not equal contract coverage.
Correct answer: A
CIPS Study Guide Reference:
* Module: L4M2 - Defining Business Needs
* Chapter 1: Specifications and Scope of Requirements
167. Frage
A company is planning the procurement of an IT system and wants to agree a through-life contract with the supplier to ensure ongoing system support. The first step in producing that specification should be to:
Antwort: A
Begründung:
Writing a high-quality specification is very crucial in every purchase. In through-life management, it is even more important since the assets often have very high value. Defining user requirement is the first step to write a specification. Without doing this right, many problems may arise in later stages.
168. Frage
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