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CIPS L4M2 Exam With Confidence Using Practice Dumps

Exam Code:
L4M2
Exam Name:
Defining Business Needs
Vendor:
Questions:
237
Last Updated:
Jul 18, 2025
Exam Status:
Stable
CIPS L4M2

L4M2: CIPS Level 4 Diploma in Procurement and Supply Exam 2025 Study Guide Pdf and Test Engine

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Defining Business Needs Questions and Answers

Question 1

A procurement manager consolidates the company expense on printing and office supplies into broader range of spend category. Other senior managers are concerned that it may increase company’s spend. Is that concern justified?

Options:

A.

No, because the broader range of spend category can increase the value of the contract and the buyer may get volume discount

B.

Yes, because the consolidation may create a large contract that costs more than placing each purchase order

C.

No, because the consolidation will help the supplier to shorten deliver time.

D.

Yes, because the suppliers can’t provide a broader range of products and they will fail to deliver

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Question 2

A CPO is making a business case for acquiring a new computer system. He has set out objective, generated options, cost and benefit of each option and implementation plan. Which of the following elements should be included in the business case?

Options:

A.

Risk assessment

B.

Operation management

C.

Invitation to tender

D.

Contract management

Question 3

Why should procurement professionals develop business case before seeking approval to purchase capital equipment?

Options:

A.

Using business case will prevent new entrants from entering the supply market

B.

A business case can be used as a replacement of purchase order

C.

Business case is a tool that eliminates all risks associated with the project

D.

Devising business case may prompt the procurement to consider different options