BEWARE! GET REAL CIPS L4M2 DUMPS FOR EASY EXAM PREP

Beware! Get Real CIPS L4M2 Dumps for Easy Exam Prep

Beware! Get Real CIPS L4M2 Dumps for Easy Exam Prep

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Tags: L4M2 Best Vce, Popular L4M2 Exams, Pdf L4M2 Dumps, L4M2 Test Simulator Online, L4M2 New Exam Braindumps

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If you want to success in your career as a CIPS Certified Professional, you must think outside the box. It would be beneficial if you considered adding Defining Business Needs to your resume. To get this certification, you must pass the L4M2 exam conducted by CIPS. Passing the Defining Business Needs exam will help you advance your career. It is not an easy task to pass the Defining Business Needs certification exam on the first attempt, but now ITexamReview is here to help. To assist you with remote study, ITexamReview provides CIPS L4M2 Exam Questions to make your test preparation complete. The CIPS L4M2 exam questions simulate the actual exam pattern, allowing you to pass the Defining Business Needs certification exam the first time.

The Defining Business Needs certification exam for the Defining Business Needs module is a rigorous assessment of an individual's understanding of the concepts and practices covered in the course. L4M2 exam is designed to test a candidate's ability to apply the knowledge they have gained in real-world scenarios and to think critically about the needs of their organization.

The CIPS L4M2 exam covers a wide range of topics, including the importance of defining business needs, the key stakeholders involved in the process, and the various techniques used to gather requirements. It also covers the different types of requirements, such as functional and non-functional requirements, and how to prioritize them based on their importance. L4M2 Exam also assesses the candidate's ability to evaluate and validate requirements and to communicate them effectively to stakeholders.

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Free PDF Quiz L4M2 - Defining Business Needs –Trustable Best Vce

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CIPS Defining Business Needs Sample Questions (Q134-Q139):

NEW QUESTION # 134
Bob is a new procurement specialist at XYZ Ltd. He is assigned to categorise the company's sup-plies. After analysing, Bob realises that a group of low value products is sourced from a tiny geo-graphical area which is prone to flooding. What would be the best strategy to manage this category of products?

  • A. Find an alternative source to secure supply
  • B. Source this group of products from only one supplier
  • C. Form partnership relationship with the current supplier
  • D. Assign some of procurement jobs to user department

Answer: A

Explanation:
In the scenario, the products have low value and high risk of supply. This group is known as bottleneck or critical in Kraljic's portfolio matrix. The objective for such items would be securing the supply. The company can achieve this goal by 'making' the products themselves, or finding an alternative option.
Diagram Description automatically generated


NEW QUESTION # 135
A company has a lists of items that make up 15% of total spend. These items also do not largely impact on quality of final product. The supply continuity is secured. Which of the following will be the most appropriate managing approach to purchase these items?

  • A. Enhance supply continuity
  • B. Drive down cost based on market competition
  • C. Build partnership with suppliers
  • D. Simplify procurement process

Answer: D

Explanation:

Those items make up small portion of spend and the supply risk is low. So it is tactical item according to Kraljic portfolio matrix. Procurement should bundle these items into larger contracts, simplify procurement process.
LO 2, AC 2.1


NEW QUESTION # 136
Which of the following technology is likely to be an innovation in financial sector?

  • A. Blockchain
  • B. Robotics
  • C. E-commerce
  • D. E-auction

Answer: A

Explanation:
Traditional financial systems operate with a centralised database, usually with a single point of authority.
Blockchain technology, on the other hand, allows for a distributed database that holds a growing number of records. Instead of existing in one place, the ledger is continually updated and synchronised across multiple computers in a network. Therefore, any participant in the network with the proper authorisation can view the entire ledger - without relying on an intermediary or any one authority.
Another key feature of blockchain technology is a "smart contract," which is a self-executing protocol that enforces a previously agreed arrangement. For example, a smart contract could trigger an automatic refund under certain conditions or the automatic payment of an agreed commission after a sale. These smart contracts can eliminate delays in traditional Finance processes, while increasing transparency and reducing reliance on middlemen to follow through on their commitments. Moreover, like other parts of a blockchain, smart contracts are immutable, so they can enhance accuracy in the financial statements.
LO 2, AC 2.1


NEW QUESTION # 137
Royal Navy is preparing a through-life contract. They put to the contract a term on rectification of operational defects and planning and delivery of Fleet Time Support Periods. Which part of through-life requirement does this term belong to?

  • A. In-service support
  • B. Installation
  • C. Customer support
  • D. Manufacture

Answer: A

Explanation:
There are 6 main components of the through-life requirements of an asset: Design, Manufacture, Installation, In-service support, Decommission and disposal and Customer support.
Rectification of operational defects and planning and delivery of Fleet Time Support Periods are maintenance activities which belong to in-service support. You may have chosen Customer support. However, in through- life asset management context, customer support does not include maintenance services. Instead, it is the services that go along the stages of asset life. It may include consulting, communication and information exchange.
Diagram, table Description automatically generated

Source: Andrew Graves


NEW QUESTION # 138
Apple's CPO is planning a budget for purchasing carbon-free aluminium next year. There are 27.4 tonnes of aluminum in stock, while Apple will need 200 tonnes for production next year and double inventory for production in the following year. How much aluminum will Apple need to purchase in next year?

  • A. 227.4 tonnes
  • B. 282.2 tonnes
  • C. 172.6 tonnes
  • D. 117.8 tonnes

Answer: A

Explanation:
The quantity of aluminium Apple needs to buy is calculated as follows:
Quantity needed for production + the inventory needed at the end of the year - inventory at start of the year That formula is quantified as: 200 + 54.8 - 27.4 = 227.4 Reference:
LO 2, AC 2.3


NEW QUESTION # 139
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