CIPS L4M2 TRAINING AND TESTING

CIPS L4M2 training and testing

CIPS L4M2 training and testing

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CIPS L4M2 (Defining Business Needs) Certification Exam is highly respected in the industry and is recognized by employers around the world. Individuals who pass this certification exam are highly sought after by employers who are looking for skilled and knowledgeable professionals to help them succeed in their business endeavors. Whether you are just starting out in your career or are looking to advance to the next level, the CIPS L4M2 (Defining Business Needs) Certification Exam is an excellent way to demonstrate your expertise and commitment to your profession.

The CIPS L4M2 course comprises of five modules, each covering a specific aspect of the procurement and supply chain management process. The modules are designed to build upon each other, providing learners with a comprehensive understanding of the procurement and supply chain management process. Upon completion of the course, individuals will have the skills required to effectively manage the procurement process from start to finish, ensuring maximum value for their organization.

CIPS L4M2 Exam is divided into two parts, A and B. Part A consists of 15 multiple-choice questions that test the candidate’s knowledge of procurement and supply chain management concepts, principles, and practices. Part B is a case study where candidates are required to analyze a real-life scenario and provide recommendations on how to address the business needs of the organization. This case study is designed to test the candidate’s ability to apply their knowledge and skills to practical situations.

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CIPS Defining Business Needs Sample Questions (Q191-Q196):

NEW QUESTION # 191
Which of the following are advantages of zero-based financial budgeting?
* Use of previous year figures
* Emphasis on short-term planning
* Budget treated as flexible
* Focus on operational issues

  • A. 1 and 4 only
  • B. 2 and 4 only
  • C. 3 and 4 only
  • D. 1 and 2 only

Answer: C

Explanation:
Detailed Explanation:Zero-based budgeting emphasizes starting from scratch and justifying all expenses.
* 3 (Budget flexibility): Ensures resources are allocated dynamically based on needs.
* 4 (Focus on operational issues): Encourages alignment with operational priorities rather than historical trends.Using prior figures (1) is contrary to zero-based budgeting principles. Reference: CIPS Level 4, Financial Planning and Budgeting.


NEW QUESTION # 192
Which of the following always impact negatively on a company's cash flow? Select TWO that ap-ply

  • A. Increasing revenue
  • B. More inventory
  • C. Depreciation of fixed asset
  • D. Supplier shortens their payment period
  • E. Customers agree to pay immediately

Answer: B,D

Explanation:
To answer this question, candidates are required to remember the cash flow cycle and cost entries as well as the impact of their timing on a business.

Source: https://cfoperspective.com/free-your-cash-trapped-in-the-cash-conversion-cycle/ Shorter payment term and more inventory are likely to have negative impact on the cash flow be-cause the buyer has to pay sooner and greater.
"Customers agree to pay immediately" will increase the organisation's bank account sooner.
Depreciation has no impact on cash flow as it is only listed in Profit and Loss statement.
Increasing revenue may have negative or positive impact on cash flow, depending on the real situation.
Reference:
LO 1, AC 1.4


NEW QUESTION # 193
A procurement manager includes provision on recovery from natural disaster into a through-life specification.
Some suppliers suppose that provision is unnecessary. Is procurement manager's action justified?

  • A. Yes, because natural disaster may cause risks in organisation's supply chain
  • B. No, because with current technology, natural disaster can't disrupt supply chain.
  • C. Yes, because the regulations require contract to have recovery provision
  • D. No, because this provision will incur unnecessary cost to supplier

Answer: A

Explanation:
Risks like natural disasters - fire, flood, or weather-related event, and cyber-attacks can disrupt the supply chain seriously. Threats and disruptions mean a loss of revenue and higher costs, which leads to a drop in profitability. And businesses can't rely on insurance alone because it doesn't cover all the costs and the customers who move to the competition. Risks must be identified early and supplier should have a plan that ensures continuous operations during disasters.
There are several steps many companies must follow to develop a solid business continuity plan. They include:
- Business Impact Analysis: Here, the business will identify functions and related resources that are time- sensitive. (More on this below.)
- Recovery: In this portion, the business must identify and implement steps to recover critical business functions.
- Organization: A continuity team must be created. This team will devise a plan to manage the disruption.
- Training: The continuity team must be trained and tested. Members of the team should also complete exercises that go over the plan and strategies.


NEW QUESTION # 194
Which of the following are the focuses of ISO 14001:2015?

  • A. 1. Life cycle
    2. Process
    3. Capacity
    4. Information security
    2 and 4 only
  • B. 1 and 2 only
  • C. 2 and 3 only
  • D. 3 and 4 only

Answer: B

Explanation:
ISO 14001:2015 specifies the requirements for an environmental management system that an or-ganization can use to enhance its environmental performance. ISO 14001:2015 is intended for use by an organization seeking to manage its environmental responsibilities in a systematic manner that contributes to the environmental pillar of sustainability.
ISO 14001:2015 helps an organization achieve the intended outcomes of its environmental man-agement system, which provide value for the environment, the organization itself and interested parties. Consistent with the organization's environmental policy, the intended outcomes of an environmental management system include:
* enhancement of environmental performance;
* fulfilment of compliance obligations;
* achievement of environmental objectives.
ISO 14001:2015 is applicable to any organization, regardless of size, type and nature, and applies to the environmental aspects of its activities, products and services that the organization determines it can either control or influence considering a life cycle perspective. ISO 14001:2015 does not state specific environmental performance criteria.
ISO 14001:2015 can be used in whole or in part to systematically improve environmental manage-ment. Claims of conformity to ISO 14001:2015, however, are not acceptable unless all its require-ments are incorporated into an organization's environmental management system and fulfilled without exclusion.
In conclusion, ISO 14001:2015 focuses on: management system (including roles, leadership and processes) and the life cycle of product or service. Life cycle is defined as "consecutive and inter-linked stages of a product (or service) system, from raw material acquisition or generation from natural resources to final disposal. [...] The life cycle stages include acquisition of raw materials, design, production, transportation/ delivery, use, end-of-life treatment and final disposal." The answer is process and life cycle.
Reference:
- ISO 14001:2015 Environmental management systems - Requirements with guidance for use LO 3, AC 3.1


NEW QUESTION # 195
A buyer is undertaking an analysis of the market. This analysis has focused on the relative power of the main buyers in the market. It has also focused on the changes in capacity available amongst the key suppliers in this market. Which of the following describes this analysis?

  • A. Demand and supply analysis
  • B. Regulatory analysis
  • C. Consumer analysis
  • D. Industrial analysis

Answer: A


NEW QUESTION # 196
......

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