L4M2 Question Includes: Single Choice Questions: 254, Multiple Choice Questions: 49,
Product development consists of various stages, including planning and analysis, design develop-ment, pre-production, production and maintenance. At which stages the opportunities for cost re-duction will be the greatest?
1. Planning stage
2. Pre-design stage
3. Detail design stage
4. Production stage
5. Logistics support stage
Which of the following are most likely to negatively affect the suppliers’ bargaining power in a specific market? Select TWO that apply:
EV Inc is facing the following challenges:
1. The capital investment is enormous.
2. Most of company's working capital is in form of inventories, which include raw materials, work-in-progress and finished goods.
3. Competitors are increasingly deploying robotics and automation to boost productivity.
Which of the below business sectors does EV Inc belong to?
Alexander has identified that he wishes to use a performance-based specification for the purchase of a new HR staffing scheduling system. Was this the correct course of action?
What does the acronym RAQSCI stand for?
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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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