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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 2, 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 purchaser is looking for alternative supplies if there is a major disruption to their supply chain, including logistics, manufacturing and all support services. Which of the following method is that purchaser applying?

Options:

A.

Treat the risk

B.

Terminate the risk

C.

Tolerate the risk

D.

Transfer the risk

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Question 2

A large sports organisation requires some additional racing equipment to be built. It should match exactly the pre-determined technical specifications and requires exact compatibility. Which of the following specifications would be most appropriate?

Options:

A.

Conformance specification

B.

Performance specification

C.

Outcome specification

D.

Product specification

Question 3

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

Options:

A.

DOWNTIME

B.

VA/VE

C.

OWN-IT

D.

SCAMPER