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CIPS L4M2 (Defining Business Needs) exam is a globally recognized certification that validates the professional knowledge and skills required to identify and define business needs effectively. This qualification is suitable for procurement and supply chain professionals who want to enhance their expertise in gathering, analyzing, and interpreting business requirements to deliver effective procurement solutions. The CIPS L4M2 exam is the second unit of the CIPS Level 4 Diploma in Procurement and Supply, which is an internationally recognized qualification in procurement and supply chain management.
CIPS L4M2 (Defining Business Needs) Exam is a professional certification programme that is designed to help procurement and supply chain professionals to develop their knowledge and skills in identifying and defining the business requirements. The CIPS L4M2 exam is an intermediate level qualification that is aimed at professionals who are seeking to progress their career in the procurement field. L4M2 exam covers a range of topics that are critical for defining business requirements, including stakeholder analysis, procurement strategy development, and requirements gathering and analysis.
All questions in our L4M2 pass guide are at here to help you prepare for the certification exam. We have developed our learning materials with accurate L4M2 exam answers and detailed explanations to ensure you pass test in your first try. Our PDF files are printable that you can share your L4M2 free demo with your friends and classmates. You can practice L4M2 real questions and review our study guide anywhere and anytime.
CIPS L4M2 (Defining Business Needs) Certification Exam is a comprehensive certification program that is designed to equip professionals with the knowledge, skills, and competencies required to effectively define business needs in different organizational settings. Defining Business Needs certification exam focuses on providing participants with a deep understanding of the tools, techniques, and methodologies that are used in business analysis to identify, analyze, and define business needs.
NEW QUESTION # 29
According to Porter's value chain, which of the following activities is categorised as support activity?
Answer: 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 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 # 30
A procurement organisation is keen to encourage innovation available within the supply market in the execution of an upcoming significant contract opportunity. A team member suggests that the specification should define the performance indicators so that supplier's solution can be checked against them. Which of the following will enable the organisation to achieve this goal?
Answer: B
Explanation:
The buying organisation is keen to encourage innovation so they should use the outcome or output based specification. In an outcome-based specification, umbrella statements like 'good quality', 'ambient temperature', 'convenient way' are often used. This may confuse the suppliers, and it's hard to check the solution that supplier offers. On the other hand, ouput-based specifications often include measurable requirements. For example, a specification for air conditioning system states that the system should maintain the room temperature at 19-24 degrees Celsius. Therefore, output specification is more appropriate in this case.
Reference:
LO 3, AC 3.1
NEW QUESTION # 31
FSB Group is developing a building specification that ensures fair labour practices and prioritises local employment. What type of sustainability criteria does this describe?
Answer: D
Explanation:
Comprehensive and Detailed Explanation (from CIPS L4M2 - Sustainable Procurement and Specifications) CIPS defines social sustainability as protecting and improving human rights, working conditions, equality, and local community welfare.
This includes:
* Fair labour standards
* Local employment
* Diversity and inclusion
Hence, Option D (Social sustainability) is correct.
Relevant L4M2 references:
* "The triple bottom line in procurement"
* "Embedding social sustainability in specifications"
NEW QUESTION # 32
A buyer in Housing Authority is considering using performance specification in upcoming social housing project. What should buyer be aware when using this type of specification?
Answer: C
Explanation:
In construction, specifications are written documents that describe the materials and workmanship required for a development. They do not include cost, quantity or drawn information but need to be read alongside other contract documentation such as quantities, schedules and drawings.
Specifications vary considerably depending on the stage to which the design has been developed, ranging from performance (open) specifications that require further design by a contractor or sup-plier, to prescriptive (closed) specifications where the design is already complete when the project is tendered.
Prescriptive specifications give the client more certainty about the end product when they make their final investment decision (i.e. when they appoint the contractor), whereas a performance specification gives the contractor and suppliers more scope to innovate and adopt cost effective methods of work, potentially offering better value for money.
Typically, performance specifications are written on projects that are straight-forward, standard building types, whereas prescriptive specifications are written for more complex buildings, or buildings where the client has requirements that might not be familiar to contractors and where certainty regarding the exact nature of the completed development is more important to the client.
Performance specification has some disadvantages:
- Well-defined performance metrics are needed to ensure that the specified performance will achieve the desired outcome
- Require reliable, practical, economical tests of performance
- Evaluations are subjective and require additional time and effort to complete Therefore, if a performance specification is used, the buying organisation will have to ensure that they are able to define and conduct tests on whether supplier's solution can deliver the desired out-come.
Reference:
- CIPS study guide page 118-121
- Performance specification - Designing Buildings Wiki
- Partnership for Public Procurement (cips.org)
LO 3, AC 3.1
NEW QUESTION # 33
Which type of specification is less time-consuming to develop?
Answer: B
Explanation:
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
NEW QUESTION # 34
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