Free L4M2 Questions for CIPS Defining Business Needs L4M2 Exam as PDF & Practice Test Engine
GE has developed TurboProp engine that is made from over 850 metal parts. These parts are sourced from many suppliers. Value of spend on these parts make up 73% of total spend. Any delay in receiving a part will cause a bottleneck around the production of the engine. Which of the following should be the best course of action of GE ' s CPO?
Correct Answer: A
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Which of the following problems may be identified as closed problems? Select TWO that apply:
Correct Answer: C,D
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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?
Correct Answer: A
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What is a form of testing used to establish if a supplier is meeting the requirements of a specification?
Correct Answer: C
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Which of the following might be the consequences of under-specification? Select TWO that apply:
Correct Answer: D,E
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The buyer ' s database is regarded as a primary data source. Which of the following is also a source of primary data?
Correct Answer: D
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Which of the following factors is most likely to be a barrier to new entrant in agriculture?
Correct Answer: C
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In which circumstances would it be relevant to require supplier accreditation to the ISO 14001 international standard in a contract specification?
Select THREE that apply.
Select THREE that apply.
Correct Answer: B,C,E
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A large sports organisation requires some additional racing equipment to be built. It should match exactly the pre-determined technical specifications and requires exact compatibility. Which of the following specifications would be most appropriate?
Correct Answer: D
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When analyzing direct and indirect costs of potential suppliers for negotiations and planning pur-chasing budget, the procurement manager collects reports from specialist organisations like Mintel, Gartner and Forrester. Which kind of information source is used by the procurement manager?
Correct Answer: B
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The buyer's database is regarded as a primary data source. Which of the following is also a source of primary data?
Correct Answer: C
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To calculate the estimated annual payback period, a buyer will need to know the estimated annual savings made from implementing the option, and also the estimated costs. Is this statement correct?
Correct Answer: C
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