HIGH CIPS L4M2 QUALITY - INSTANT L4M2 DOWNLOAD

High CIPS L4M2 Quality - Instant L4M2 Download

High CIPS L4M2 Quality - Instant L4M2 Download

Blog Article

Tags: High L4M2 Quality, Instant L4M2 Download, L4M2 Trusted Exam Resource, L4M2 Pass Leader Dumps, Hot L4M2 Questions

BONUS!!! Download part of RealValidExam L4M2 dumps for free: https://drive.google.com/open?id=1bPJ8v4NbGrK5GO2Lb4ObQ6pTiunj4pji

It is all due to the top features of Defining Business Needs L4M2 exam dumps. These features are three Defining Business Needs exam questions formats, free exam dumps download facility, three months updated Salesforce L4M2 exam dumps download facility, affordable price and 100 exams passing money back guarantee. All these Defining Business Needs dumps features are designed to assist you in Defining Business Needs L4M2 Exam Preparation and enable you to pass the exam with flying colors.

CIPS L4M2 course is suitable for procurement professionals who are responsible for defining business needs within their organization. It is also suitable for those who are looking to develop their knowledge and skills in procurement and supply chain management. L4M2 course is designed to be flexible, allowing candidates to study at their own pace and in their own time.

>> High CIPS L4M2 Quality <<

2025 CIPS L4M2: Latest High Defining Business Needs Quality

As job seekers looking for the turning point of their lives, it is widely known that the workers of recruitment is like choosing apples---viewing resumes is liking picking up apples, employers can decide whether candidates are qualified by the L4M2 appearances, or in other words, candidates’ educational background and relating L4M2 professional skills. The reason why we are so confident lies in the sophisticated expert group and technical team we have, which do duty for our solid support. They develop the L4M2 Exam Guide targeted to real exam. The wide coverage of important knowledge points in our L4M2 latest braindumps would be greatly helpful for you to pass the exam.

CIPS L4M2: Defining Business Needs exam is an essential course for any procurement professional who wants to develop their knowledge and skills in defining business needs. L4M2 course provides a comprehensive understanding of the importance of defining business needs in procurement and how it can contribute to the success of an organization. L4M2 Exam is internationally recognized and is designed to test the candidate's knowledge and understanding of the course content.

CIPS Defining Business Needs Sample Questions (Q108-Q113):

NEW QUESTION # 108
Which of the following is an useful tool for value engineering?

  • A. Kano model
  • B. Kraljic Portfolio Matrix
  • C. Star-burst method
  • D. SAMOA

Answer: A

Explanation:
Value Engineering (VE) is concerned with new products. It is applied during product development. The focus is on reducing costs, improving function or both, by way of teamwork-based product evaluation and analysis.
This takes place before any capital is invested in tooling, plant or equipment.
This is very significant, because according to many reports, up to 80% of a product's costs (throughout the rest of its life-cycle), are locked in at the design development stage. This is under-standable when you consider the design of any product determines many factors, such as tooling, plant and equipment, labour and skills, training costs, materials, shipping, installation, maintenance, as well as decommissioning and recycle costs.
The Kano model is a theory for product development and customer satisfaction developed in the 1980s by Professor Noriaki Kano, which classifies customer preferences into five categories. Both Kano model and Value Engineering aims at optimising new product, so they can be combined to-gether. CIPS L4M2 study guide consider Kano model is a tool of Value Engineering

Example of Kano model (source: Wikipedia)


NEW QUESTION # 109
Which of the following is the purpose of benchmarking?

  • A. To identify and adapt the best practices to improve organisation's performance
  • B. To resist continuous improvement
  • C. To coerce all suppliers to sacrifice their profit
  • D. To copy other organisation's intellectual properties, processes and practices

Answer: A

Explanation:
According to US Department of the Navy, Benchmarking is a strategic and analytic process of continuously measuring an organisation's products, services, and practices against a recognised leader in the studied area.
Successful benchmarking will help you:
- Find who does the process best and close the gap
- Recognise the leading organisations in a process or activity
- Create performance standards derived from an analysis of the best in business
- Ensure that comparisons are relevant
- Measure your performance, your processes, and your strategies against best in business
- Measure business processes
- Assess performance over time
- Accelerate continuous process improvement (CPI)
- Establish more credible goals for CPI
- Establish actionable objectives
- Discover and clarify new goals
- Establish customer expectations of business standards set by the best suppliers in industry
- Help your organisation achieve breakthrough improvements
- Create a sense of urgency for change
- Increase customer satisfaction
- Become direction setting
- Provide a positive, proactive structured process
Benchmarking does not:
- Copy the other's processes
- Steal other business confidentiality
- Stop. Benchmarking is a continuous process.
Reference:
- CIPS study guide page 49-51
- The Department of the Navy Benchmarking Handbook
LO 1, AC 1.3


NEW QUESTION # 110
Which of the following standards specifies requirements for a quality management system?

  • A. ISO 22000:2018
  • B. ISO 27001
  • C. ISO 9001:2015
  • D. ISO 14001:2015

Answer: C

Explanation:
ISO 9001:2015 specifies requirements for a quality management system.
ISO 14001:2015 specifies the requirements for an environmental management system that an or-ganization can use to enhance its environmental performance. ISO 14001:2015 is intended for use by an organization seeking to manage its environmental responsibilities in a systematic manner that contributes to the environmental pillar of sustainability.
ISO 22000:2018 specifies food safety management systems - Requirements for any organization in the food chain ISO 27001 provides requirements for an information security management system.
LO 3, AC 3.1


NEW QUESTION # 111
Dana is an automobile manufacturer. It has a new electrification strategy that aims at making eco-friendly electric pick-up trucks. To implement this strategy, the procurement department must source new categories of parts that make motors, sensors, solenoids and stators. He starts to analyse the market by identifying specific supply market segments for those parts and finding suppliers who have the best capabilities in those segment. He intends to segment the market based on specific features of the products. Which variable is used by Dana procurement manager to shape and manage supply market?

  • A. Buyer segments
  • B. Product segments
  • C. Channel segments
  • D. Geographical segments

Answer: B

Explanation:
In sales and marketing, market segmentation is the process of trying to understand clusters of cus-tomers in terms of their buying behavior and their buying characteristics. There are some traditional segmentation approaches: geography, demography, types of industry and the benefits. Then there are newer segmentation approaches: behavioral, situational, and psychographic.
Procurement professionals can learn market segmentation from sales and marketing. Segmenting the market can help them to shape and manage the supply market effectively. According to Michael Porter, a market can be segment with array of products and buyers.

Source: Porter, Michael E.. Competitive Advantage: Creating and Sustaining Superior Performance (p. 234). Free Press. Kindle Edition.
In the scenario, the products that Dana needs to source is distinct in their features. The best way is to segment the market by product varieties.
Reference:
LO 2, AC 2.1


NEW QUESTION # 112
A charity is reviewing their spend and budget after an operation in flooded areas. They realise that the operators save money against the budgeting plan. This saving is known as...?

  • A. Negative variance
  • B. Positive variance
  • C. Negative budget
  • D. Positive budget

Answer: A

Explanation:
The difference between the actual spend and budgeted spend is known as variance. The formula for variance is:
Variance = Actual spend - Budgeted spend
Variances can be adverse/unfavourable or favourable ie they can be positive or negative.
Be very careful with these terms. A positive or a negative variance may be favourable or it may be adverse/ unfavourable.
Adverse variances
Adverse variances are those variances that are unfavourable to the firm. Examples would be sales below plan; costs above budget, cash receipts lower than expected, and overtime payment more than forecast.
Favourable variances
Favourable variances are those variances that are beneficial to the business. Examples would be sales ahead of plan, costs below budget, and wages below forecast.
Positive variance
A positive variance occurs where 'actual' exceeds 'planned' or 'budgeted' value. Examples might be actual sales are ahead of the budget.
Negative variance
A negative variance occurs where 'actual' is less than 'planned' or 'budgeted' value. Examples would be when the raw materials cost less than expected, sales were less than predicted, and labour costs were below the budgeted figure.
When the operators create saving, it means that the Actual spend is less than Budgeted spend. Therefore the variance is negative.


NEW QUESTION # 113
......

Instant L4M2 Download: https://www.realvalidexam.com/L4M2-real-exam-dumps.html

2025 Latest RealValidExam L4M2 PDF Dumps and L4M2 Exam Engine Free Share: https://drive.google.com/open?id=1bPJ8v4NbGrK5GO2Lb4ObQ6pTiunj4pji

Report this page