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CIPS Updated L4M2 Exam Questions and Answers by ellie-mae

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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: ellie-mae
Question 72

Which of the following are the focuses of ISO 14001:2015?

Options:

A.

1. Life cycle2. Process3. Capacity4. Information security2 and 4 only

B.

1 and 2 only

C.

2 and 3 only

D.

3 and 4 only

Discussion
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Question 73

SET Group are a start-up company trying to estimate the direct costs of materials for a project. The organisation has limited procurement records available. Would using general industry averages as a benchmark provide an accurate estimation of the project costs?

Options:

A.

Yes, industry benchmarks are always kept up to date to consider real-time market conditions

B.

No, the organisation will not have access to industry benchmarks as they are a new organisation

C.

No, industry benchmarks do not consider specific specifications, quality requirements, or real-time market conditions

D.

Yes, cost predictions do not need to be accurate as they are just an initial guess

Discussion
Question 74

One of the disadvantages of using standards in specification is that...

Options:

A.

Standards lengthen the time to produce a specification

B.

Standards tend to be rigid and they often don't encourage innovation

C.

Standards don't allow the buyers to add health and safety requirements into the specification

D.

Standards tend to be inaccurate and ambiguous, causing confusion among suppliers

Discussion
Question 75

Which of the following is likely to be an outcome of over-specification?

    Ineffective Service Level Agreement (SLA)

    Higher supplier costs

    Increased Supplier Relationship Management (SRM)

    Reduced inventory costs

Options:

A.

1, 3 and 4 only

B.

2, 3 and 4 only

C.

1, 2 and 3 only

D.

1, 2 and 4 only

Discussion
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