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CIPS L4M2 Exam With Confidence Using Practice Dumps

Exam Code:
L4M2
Exam Name:
Defining Business Needs
Certification:
CIPS Level 4 Diploma in Procurement and Supply
Vendor:
CIPS
Questions:
237
Last Updated:
Apr 30, 2025
Exam Status:
Stable
CIPS L4M2

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

Are you worried about passing the CIPS L4M2 (Defining Business Needs) exam? Download the most recent CIPS L4M2 braindumps with answers that are 100% real. After downloading the CIPS L4M2 exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the CIPS L4M2 exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the CIPS L4M2 exam on your first attempt, we have compiled actual exam questions and their answers. 

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Defining Business Needs Questions and Answers

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Question 1

Which of the following agencies can produce a technical standard?

Options:

A.

House of Lords

B.

Marketing department

C.

BSI

D.

Department of State

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Question 2

British Steel needs to source a set of instruments that will improve quality of steel. Without these instruments British Steel will loss control of the temperature. The bucket may freeze up, or if it is too hot it leaks out of the casting process, damaging the machine. There is limited supply on the market and quality varies greatly. Which of the following will be the most appropriate managing approach to procure these items?

Options:

A.

Bundle these instruments into larger contract

B.

Leverage market competition to drive down cost

C.

Seek continuity of supply

D.

Form partnership with supplier

Question 3

Which of the following are prerequisites to run a successful bidding process? Select TWO that apply:

Options:

A.

The value of the purchase must be high enough to justify the associated bidding costs of potential suppliers

B.

The market contains an adequate number of suitably qualified suppliers

C.

Only those suppliers who have worked with the buyer in the past are allowed to bid

D.

Bids must be submitted within twenty calendar days

E.

The requirement can be met without the need for subcontracting

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