Cips dumpspedia last Attempt L4m2 Questions by Laiba q58 vce pdf

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Exam Name:	Defining Business Needs
Exam Code:	L4M2 Dumps
Vendor:	CIPS	Certification:	CIPS Level 4 Diploma in Procurement and Supply
Questions:	303 Q&A's	Shared By:	laiba

Question 80

Which of these are variety reduction initiatives? Select the THREE that apply.

Options:

Drawing up performance or conformance specifications

Looking at how frequently each item in a range is used

Identifying items which can be substituted for each other

Identifying where Items have similar characteristics

Making multiple small regular orders of variant items

similar items various specifications/descriptions

Discussion

Question 81

Which of these are variable costs?

Staff overtime

Premises costs

Insurance costs

Material costs

Options:

1 and 4

2 and 3

1 and 2

3 and 4

Discussion

Question 82

Which factor would increase a buyer’s bargaining power in a negotiation?

Options:

There are a high number of alternative suppliers

There is a high level of demand from other buyers

The buyer’s specification is for a specific branded good

Pricing in the market is regulated by national government

Discussion

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Question 83

Synergy Ltd is a fast-growing tool and hardware retailer. The company's customer services team has been using Excel worksheets to manage customer relationships. When the company is expend-ing its market presence, this way of working leads to poorer customer services as the database is scattered around in spreadsheet, leading to patchy and inconsistent conversations with customers. The company decides to purchase a CRM system. What requirement should Synergy's procurement team take into account in the specification for CRM system?

Options:

Total number of the supplier's employees

The ability to import bulk data from Excel spreadsheets

The relative size of the potential suppliers to Synergy

The form and reference number of the purchase order