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CIPS Updated L4M2 Exam Questions and Answers by efan

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CIPS L4M2 Exam Overview :

Exam Name: Defining Business Needs
Exam Code: L4M2 Dumps
Vendor: CIPS Certification: CIPS Level 4 Diploma in Procurement and Supply
Questions: 317 Q&A's Shared By: efan
Question 64

A procurement manager consolidates the company expense on printing and office supplies into broader range of spend category. Other senior managers are concerned that it may increase company’s spend. Is that concern justified?

Options:

A.

No, because the broader range of spend category can increase the value of the contract and the buyer may get volume discount

B.

Yes, because the consolidation may create a large contract that costs more than placing each purchase order

C.

No, because the consolidation will help the supplier to shorten deliver time.

D.

Yes, because the suppliers can’t provide a broader range of products and they will fail to deliver

Discussion
Question 65

Which of the following are 'secondary sources' of data for costs and prices?

Industry press

Published economic indices

Trade fairs

Buyer's database on market data

Options:

A.

1 and 2 only

B.

2 and 3 only

C.

1 and 4 only

D.

3 and 4 only

Discussion
Question 66

Which of the following is the technology that disrupts traditional retail?

Options:

A.

Self-Driving Cars

B.

Blockchain

C.

E-commerce

D.

Robotics

Discussion
Question 67

The bargaining strength of suppliers is likely to be high in which of the following situations? Select TWO that apply:

Options:

A.

The buyer is educated on supply markets

B.

There is a limited number of suppliers in relation to buyers

C.

The buyer is large in size relative to the supplier

D.

The buyer spend is a high proportion of a supplier's revenue

E.

The buyer requirement is urgent

Discussion
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