L4M2 EXAM CRAM, L4M2 PDF BRAINDUMPS

L4M2 Exam Cram, L4M2 Pdf Braindumps

L4M2 Exam Cram, L4M2 Pdf Braindumps

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iPassleader has created budget-friendly L4M2 study guides because the registration price for the CIPS certification exam is already high. You won't ever need to look up information in various books because our CIPS L4M2 Real Questions are created with that in mind. Additionally, in the event that the curriculum of CIPS changes, we provide free upgrades for up to three months.

CIPS L4M2 (Defining Business Needs) Certification Exam covers a wide range of topics related to business analysis, including the identification of business needs, the development of business cases, the analysis of business requirements, and the creation of solutions that meet these requirements. Defining Business Needs certification exam is designed to ensure that individuals who pass it have the skills and knowledge necessary to succeed in a career in business analysis or project management.

CIPS L4M2 exam covers various topics related to defining business needs, including understanding the importance of defining business needs, identifying business requirements, analyzing business needs, and communicating business needs to stakeholders. L4M2 exam also tests a candidate's ability to understand different types of requirements, such as functional and non-functional requirements, and how to effectively communicate these requirements to stakeholders.

CIPS L4M2 Exam is highly valued by employers in the procurement and supply chain management sector, as it demonstrates a candidate's ability to effectively manage procurement processes and make informed decisions. Professionals who pass L4M2 exam are highly sought after in the industry, as they have demonstrated a deep understanding of the key concepts and strategies required to manage procurement processes effectively. L4M2 exam is an excellent way for individuals to advance their careers in procurement and supply chain management, and to demonstrate their commitment to professional development and excellence.

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Our to-the-point and trustworthy Defining Business Needs Exam Questions in three formats for the CIPS L4M2 certification exam will surely assist you to qualify for CIPS L4M2 Certification. Do not underestimate the value of our CIPS L4M2 exam dumps because it is the make-or-break point of your career.

CIPS Defining Business Needs Sample Questions (Q113-Q118):

NEW QUESTION # 113
Buyers can ascertain the prices by examining information provided by primary and secondary sources of market data. Which of the following is a secondary source of market data?

  • A. Price brochures provided by the supplier's sales team
  • B. Suppliers' prices provided on the buyer's request for quotation
  • C. Supplier prices provided on price comparison websites
  • D. Historical records of supplier prices on the buyer's database

Answer: C

Explanation:
Detailed Explanation:Price comparison websites are secondary sources as they aggregate data collected from multiple suppliers. Primary sources (like RFQs and brochures) come directly from the supplier.
Reference: CIPS Level 4, Market Data Analysis.


NEW QUESTION # 114
A procurement manager includes provision on recovery from natural disaster into a through-life specification. Some suppliers suppose that provision is unnecessary. Is procurement manager's action justified?

  • A. Yes, because the regulations require contract to have recovery provision
  • B. Yes, because natural disaster may cause risks in organisation's supply chain
  • C. No, because this provision will incur unnecessary cost to supplier
  • D. No, because with current technology, natural disaster can't disrupt supply chain.

Answer: B

Explanation:
Risks like natural disasters - fire, flood, or weather-related event, and cyber-attacks can disrupt the supply chain seriously. Threats and disruptions mean a loss of revenue and higher costs, which leads to a drop in profitability. And businesses can't rely on insurance alone because it doesn't cover all the costs and the customers who move to the competition. Risks must be identified early and supplier should have a plan that ensures continuous operations during disasters.
There are several steps many companies must follow to develop a solid business continuity plan. They include:
- Business Impact Analysis: Here, the business will identify functions and related resources that are time-sensitive. (More on this below.)
- Recovery: In this portion, the business must identify and implement steps to recover critical business functions.
- Organization: A continuity team must be created. This team will devise a plan to manage the disruption.
- Training: The continuity team must be trained and tested. Members of the team should also complete exercises that go over the plan and strategies.
Reference:
LO 3, AC 3.2


NEW QUESTION # 115
Housing Ltd is inviting a number of contractors to a tender for the construction of a commercial building. In the attachment to the invitation to tender, there is a document which describes the re-quired materials and installation methods. This document is known as...?

  • A. Functional specification
  • B. Performance specification
  • C. Prescriptive specification
  • D. Drawings

Answer: C

Explanation:
This question mentions about specification in construction. In this sector, specifications are written documents that describe the materials and workmanship required for a development. They do not include cost, quantity or drawn information and need to be read alongside other contract documentation such as quantities, schedules and drawings.
Specifications vary considerably depending on the stage to which the design has been developed, ranging from performance (open) specifications that require further development by a contractor or supplier, to prescriptive (closed) specifications for which the design is already complete when the project is tendered.
Prescriptive specifications typically contain detailed descriptions of the following components:
- General requirements relating to regulations and standards.
- The type of products and materials required.
- The execution and installation methods required.
Prescriptive specifications give the client much more certainty about the end product when making investment decisions (such as when they appoint the contractor), and place a greater burden on the designer to ensure proper installation rather than the contractor.


NEW QUESTION # 116
What is the contribution of marketing function to the development of specification?

  • A. Marketing ensures that conformance specification will never be used
  • B. Marketing ensures that procurement function doesn't involve in developing specification
  • C. Marketing provides ideas on customer's taste and market trends
  • D. Marketing consults on technical requirements of the product

Answer: C

Explanation:
Marketing plays a critical role in sales. The marketing department introduces products to the con-sumer, and creates strategic messaging that elevates appeal and ultimately drives sales. The feed-back and response from consumers is measured by the marketing team on a variety of levels. Ad-vertising is one means of seeing what performs and what does not perform. Marketers will note trends and demand in their specific markets. This plays into new product development, because the marketing team can work with product developers to create products based on that demand.
In development of specification, the role of marketing is largely the same. They provide the market insight so that right specification is developed and it matches the demands from customers.


NEW QUESTION # 117
Which of the following market sectors is largely commodity-dependent, impacted by food standards and public health, impacted by climate change and population change, and driven by technology to improve production yield?

  • A. Retail
  • B. Finance
  • C. Services
  • D. Agriculture

Answer: D


NEW QUESTION # 118
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