100% PASS QUIZ 2025 VALID L4M2: DEFINING BUSINESS NEEDS LATEST EXAM ONLINE

100% Pass Quiz 2025 Valid L4M2: Defining Business Needs Latest Exam Online

100% Pass Quiz 2025 Valid L4M2: Defining Business Needs Latest Exam Online

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CIPS Defining Business Needs Sample Questions (Q183-Q188):

NEW QUESTION # 183
Which of the following is the disadvantage of embedding standards in a specification?

  • A. Standards do not improving buyer's bargaining power
  • B. Embedding standards into specification requires enormous time and effort
  • C. Standards are too flexible and may cause ambiguity in the specification
  • D. Standards are too static and discourage innovation

Answer: D

Explanation:
"Standards are often produced by professional bodies (maybe national or international bodies). Standards tend to be stable for a period of time, therefore, they are likely to be static and discourage innovation."


NEW QUESTION # 184
The bargaining strength of suppliers is likely to be high in which of the following situations? Select TWO that apply:

  • A. The buyer requirement is urgent
  • B. The buyer is educated on supply markets
  • C. There is a limited number of suppliers in relation to buyers
  • D. The buyer is large in size relative to the supplier
  • E. The buyer spend is a high proportion of a supplier's revenue

Answer: A,C

Explanation:
Detailed Explanation:
B (Limited number of suppliers): Fewer suppliers lead to higher bargaining power due to reduced competition.
E (Urgent buyer requirement): Suppliers gain leverage when buyers have limited time to source alternatives.
Education on markets and buyer size are factors that strengthen buyer, not supplier, bargaining power.
Reference: CIPS Level 4, Supplier Negotiation and Market Power.


NEW QUESTION # 185
A company has a lists of items that make up 15% of total spend. These items also do not largely impact on quality of final product. The supply continuity is secured. Which of the following will be the most appropriate managing approach to purchase these items?

  • A. Drive down cost based on market competition
  • B. Enhance supply continuity
  • C. Simplify procurement process
  • D. Build partnership with suppliers

Answer: C

Explanation:

Those items make up small portion of spend and the supply risk is low. So it is tactical item according to Kraljic portfolio matrix. Procurement should bundle these items into larger contracts, simplify procurement process.
LO 2, AC 2.1


NEW QUESTION # 186
Which of the following indicates types of waste that procurement department concentrates on when adopting Lean methods?

  • A. DOWNTIME
  • B. OWN-IT
  • C. VA/VE
  • D. SCAMPER

Answer: A

Explanation:
Copious amounts of waste can occur in the workplace, particularly in a manufacturing process, but do you know what the eight most commons wastes are and how they impact your organization?
Taiichi Ohno, considered the father of Toyota Production System, created a lean manufacturing framework, which was based on the idea of preserving (or increasing) value with less work. Any-thing that doesn't increase value in the eye of the customer must be considered waste, or "Muda", and every effort should be made to eliminate that waste. The following 8 lean manufacturing wastes, mostly derived from the TPS, have a universal application to businesses today. The acro-nym for the eight wastes is DOWNTIME. Downtime stands for:
- Defects
- Overproduction
- Waiting
- Not utilizing talent
- Transportation
- Inventory excess
- Motion waste
- Excess processing
OWN-IT is the acronym for the process of collecting and analysing the data and information needed in any field SCAMPER is acronym for options addressing the underlying issues and achieving target VA/VE is value analysis and value engineering LO 3, AC 3.4


NEW QUESTION # 187
A company is planning the procurement of an IT system and wants to agree a through-life contract with the supplier to ensure ongoing system support. The first step in producing that specification should be to:

  • A. Define the user requirements
  • B. Identify the IT system supplier
  • C. Prepare tendering documents
  • D. Build a design

Answer: A

Explanation:
Writing a high-quality specification is very crucial in every purchase. In through-life management, it is even more important since the assets often have very high value. Defining user requirement is the first step to write a specification. Without doing this right, many problems may arise in later stages.


NEW QUESTION # 188
......

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