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L4M2 Question Includes: Single Choice Questions: 223, Multiple Choice Questions: 45,
It could be argued that wherever possible, specifications should be more output and outcome focused. Why is this?
Buyers can ascertain the prices by examining information provided by primary and secondary sources of market data. Which of the following is a secondary source of market data?
A company assembles its finished products from a wide selection of components. It is analysing these
components to see which features are needed and whether any features can be removed to save costs. The. eventual aim is to purchase fewer components but in larger quantities to lower price and
reduce costs. Which of the following could result from this process?
1. Variety reduction
2. Value engineering
3. Ratio analysis
4. Standardisation
Which of the following problems may be identified as open-ended problems? Select TWO that apply:
A CPO is analyzing whole life cycle costing of a machinery. He realises that cost elements are not specific but come from a range of values. Which whole-life costing model should the CPO use to get the most accurate total cost of ownership?
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The CIPS L4M2 Exam, also known as “Defining Business Needs,” is part of the CIPS Level 4 Diploma in Procurement and Supply. It focuses on understanding and defining business requirements to ensure effective procurement and supply chain management.
The CIPS L4M2 exam covers topics such as identifying business needs, market analysis, stakeholder management, and developing specifications. It aims to equip professionals with the skills to define and manage business requirements effectively.
The CIPS L4M2 exam is ideal for procurement professionals, supply chain specialists, and anyone seeking a recognized qualification in defining business needs for procurement. It's particularly relevant for those working in purchasing, sourcing, or related roles within an organization's procurement department.
There are no formal prerequisites, but it is recommended that candidates have some prior knowledge or experience in procurement and supply chain management. Completing other Level 4 modules can also be beneficial.
The CIPS L4M2 exam is a 1.5-hour Objective Response (OR) test, where candidates must select the correct answer from a list of options. It assesses knowledge and understanding of the core concepts in defining business needs.
The CIPS L4M2 and L4M3 exams are both part of the CIPS Level 4 Diploma in Procurement and Supply, but they focus on different aspects of procurement and supply chain management. Here are the key differences:
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TESTED 05 Nov 2025
