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QA: 237 Answers With In-Depth Explanation
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L4M2 PDF Package

L4M2 PDF Exam (Downloadable)
Latest 2024 Syllabus Topics Included
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Updated : 18-Dec-2024
QA : 237 Answers With In-Depth Explanation
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L4M2 Question and answers Include

Total Questions: 237 Q&A's
Single Choice: 197 Q&A's
Multiple Choice: 40 Q&A's

CIPS L4M2 Exam Dumps - Valid Questions Answers

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Questions came word by
word from this dump

L4M2 Questions and Answers

Question # 1

Which of the following is an useful tool for value engineering?

A.

SAMOA

B.

Kraljic Portfolio Matrix

C.

Star-burst method

D.

Kano model

Question # 2

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

A.

Few suppliers can supply the full range of features

B.

Additional cost to rework

C.

Unfit products or services

D.

Poor competition between suppliers

E.

Higher cost due to inessential features

Question # 3

CP Group places emphasis on the following business objectives:

    Responsive production processes to react quickly to market changes

    Collaboration and technological integration

    New products launched and on sale very quicklyWhich of the below business markets does CP Group belong to?

A.

Construction

B.

Financial

C.

Retail

D.

Agriculture

FAQs for CIPS L4M2 Exam Dumps

What is CIPS L4M2 exam?

The CIPS L4M2 exam is part of the Chartered Institute of Procurement & Supply (CIPS) Level 4 Diploma in Procurement and Supply. This exam focuses on defining business needs and understanding the procurement process.

What is the format of CIPS L4M2 exam?

The CIPS L4M2 computer-based exam consists of 25 multiple-choice questions. You'll have a set time limit to complete the exam.

What is the CIPS L4M2 exam focused on?

The L4M2 exam covers various topics related to defining business needs, including:

  • Understanding stakeholder requirements
  • Identifying and classifying needs
  • Developing clear and concise specifications
  • Evaluating total cost of ownership (TCO)
  • Supplier selection criteria

What is the worth of taking the CIPS Level 4 Diploma in Procurement and Supply L4M2 exam?

Earning the CIPS L4M2 certification demonstrates your proficiency in defining procurement needs, making you a valuable asset in today's competitive job market. This qualification opens doors to exciting career opportunities in procurement and supply chain management.

Is the CIPS Level 4 Diploma in Procurement and Supply L4M2 exam easy?

The difficulty of the CIPS L4M2 exam varies depending on your preparation and understanding of the subject matter. With the right L4M2 study materials and preparation, you can successfully pass the exam.

What are the prerequisites for the CIPS Level 4 Diploma in Procurement and Supply L4M2 exam?

There are no formal prerequisites for the CIPS L4M2 exam, but it is recommended that candidates have some prior knowledge or experience in procurement and supply chain management.

What is the passing score for the CIPS L4M2 exam?

The passing score required in CIPS L4M2 exam is 50%.

What is the difference between CIPS L4M2 and L4M3 certification exams?

The CIPS L4M2 Exam focuses on defining business needs, while the CIPS L4M3 Exam covers commercial contracting. Both are part of the CIPS Level 4 Diploma but focus on different aspects of procurement and supply.

How to prepare for CIPS L4M2 exam?

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Are free demo of L4M2 questions and answers available on Valid4sure?

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