Free CIPS L4M2 Exam Questions
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CIPS L4M2 Exam Questions
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Provided By: CIPS
- Exam: Defining Business Needs
- Certification: CIPS Certification
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Total Questions: 206
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Updated On: Sep 26, 2024
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Rated: 4.9 |
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Online Users: 412
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Question 1
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OMK is a Russian steel firm that is expanding market abroad. The CPO desires to bring purchasing activities in line with the company’s ethos to be better and one step ahead. He and his team sum up 36 categories which cover approximately 90% of spend. He also establishes cross-functional teams that included anyone connected to the category. Each specification writing within a cross-functional team is treated as a project. Which of the following document should be preceded specification writing in each cross-functional team?
Answer: B
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OMK is a Russian steel firm that is expanding market abroad. The CPO desires to bring purchasing activities in line with the company’s ethos to be better and one step ahead. He and his team sum up 36 categories which cover approximately 90% of spend. He also establishes cross-functional teams that included anyone connected to the category. Each specification writing within a cross-functional team is treated as a project. Which of the following document should be preceded specification writing in each cross-functional team?
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Question 2
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Which of the following are most likely to be considered when developing specifications based on information on the Internet? Select TWO that apply:
Answer: A,C
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Which of the following are most likely to be considered when developing specifications based on information on the Internet? Select TWO that apply:
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Question 3
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The procurement team has been asked to collect and analyse direct and indirect costs of a key item supplier. They have been working with other internal stakeholder and identify what they have known and gaps to be filled. Which of the following activities should be done next?
Answer: C
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The procurement team has been asked to collect and analyse direct and indirect costs of a key item supplier. They have been working with other internal stakeholder and identify what they have known and gaps to be filled. Which of the following activities should be done next?
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Question 4
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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...?
Answer: A
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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...?
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Question 5
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What kind of change may require a modified re-buy?
1. Change of order time
2. Change of specification
3. Change of terms and conditions
4. Switch from email orders to ERP orders
Answer: A
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What kind of change may require a modified re-buy?