Cips examstrust cips L4m2 Online Access by Danny q14 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:	237 Q&A's	Shared By:	danny

Question 52

Which of the following might be consequences of over-specification? Select TWO that apply:

Options:

Reducing motion waste

Higher cost due to inessential features

Limiting competition in supply market

Lack of essential features

Better contract management

Discussion

Question 53

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?

Options:

The buyer will receive quotes at different times from suppliers, which will require greater coordination with other members of the sourcing team

The buyer will receive costs from suppliers in different formats, which will make it difficult to compare costs on a like-for-like basis

The buyer will not be able to compare different suppliers' costs directly as the suppliers will have had to make assumptions on the specification

The buyer will need to work with their finance colleagues and business stakeholders to adjust the budget available for the project

Discussion

Question 54

Royal Navy is preparing a through-life contract. They put to the contract a term on rectification of operational defects and planning and delivery of Fleet Time Support Periods. Which part of through-life requirement does this term belong to?

Options:

Installation

In-service support

Manufacture

Customer support

Discussion

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Question 55

Which of the following are prerequisites to run a successful bidding process? Select TWO that apply:

Options:

The value of the purchase must be high enough to justify the associated bidding costs of potential suppliers

The market contains an adequate number of suitably qualified suppliers

Only those suppliers who have worked with the buyer in the past are allowed to bid

Bids must be submitted within twenty calendar days

The requirement can be met without the need for subcontracting