CIPS L4M2 Dumps (V10.02) Are the Most Updated Materials: Start Learning L4M2 Free Dumps (Part 1, Q1-Q40) First

1. When analysing competitive forces in a market, which of the following can be seen as a supplier having low bargaining power? Select TWO that apply.

2. Which of the following standards specifies requirements for a quality management system?

3. Which kind of these following costs belong to fixed costs? Select TWO that apply.

4. Which of the following are considered as direct costs in a construction company? Select TWO options

5. Which of the following specific markets is most likely to have product shortage by nature?

6. Which of the following might be consequences of over-specification? Select TWO that apply:

7. Lider Ltd is a leading bathroom furniture manufacturer in India. The company has more than 30 years experience in the market with extended knowledge of engineering and customers' taste. Lider is planning to launch a new type of bath fitting next year which offers Bluetooth connectivity and thermostat display. The company gathers a team of multi-disciplines, including engineering, procurement, sales and marketing. At the first team meeting, the project leader tells the team to discuss which functions will be valued by the customers, and how to deliver those functions with the lowest costs possible.

Which of the following describes the process that the project team is undertaking?

8. Which of the following can directly affect labour variance? Select TWO that apply:

9. Why should the buying organisation require the supplier to carry out acceptance testing?

10. A buying organisation may not have technical capability to produce a highly complex specification.

Which of the following are sources of information that can be used to create the specification? Select TWO that apply

11. Due to the growth of consumer electronics market, semiconductor industry develops exponentially. However, the industry is dominated by a dozens of manufacturer. Chipset need to be built in factories with highly controlled environments. New chip factories cost billions of dollars and can take two years to build. Right now, factories are running at full capacity, which produce almost perfect yields, meaning basic chipset can be made for less than a dollar and more advanced versions for not much more.

What are the barriers to new entrants in the semiconductor industry?

1. Poor industry growth

2. High set-up costs

3. Economies of scale

4. Low switching costs

12. Warwickshire Ambulance Service (WAS) is an NHS Trust. It operates throughout Warwickshire and the neighbouring areas. It has three core areas of activity, namely the provision of Emergency Ambulance Services, routine Patient Transport Services, and Logistic Medical Services. The agency is working towards higher service level through benchmarking.

Which of the following is the benefit of benchmarking to WAS?

13. At which stage of through-life contract management, procurement team needs to identify sources of risk and the ways to mitigate them?

14. A purchaser is looking for alternative supplies if there is a major disruption to their supply chain,

including logistics, manufacturing and all support services.

Which of the following method is that purchaser applying?

15. Which type of specification is less time-consuming to develop?

16. What does the acronym RAQSCI stand for?

17. XYZ Ltd is a large supermarket chain which operates mainly in the UK and Europe. Their customers are increasingly concerned about sustainability. Therefore, procurement manager is required to source the products from suppliers who have good environmental performance.

Which of the following can be an assurance that the supplier has procedures and policies to enhance its

environmental performance?

18. Ranjit is purchasing a large piece of laboratory equipment which is brand new to the market. Can this be classified as a straight re-buy?

19. Which of the following are the focuses of ISO 14001:2015?

20. A charity is reviewing their spend and budget after an operation in flooded areas. They realise that the operators save money against the budgeting plan. This saving is known as...?

21. Which of the following can cause overhead variance? Select TWO that apply:

22. A sports organisation requires additional racing equipment to match exact technical specifications for compatibility.

Which type of specification is most appropriate?

23. Which of the following would positively affect a buyer’s company cash flow? Select TWO that apply.

24. Which of the following sources of information are considered as primary data? Select TWO that apply.

25. A business case allows a company to:

26. Which of the following provides in-depth detail for both functional and non-functional require-ments and covers assumptions, constraints, performance, dimensions, weights and reliability of a product?

27. Which of the following is the new technology that has impact on manufacturing sector?

28. When a procurement manager considers a substitution, the number and nature of additional functions that substitute provides should be taken into account carefully.

Which of the following ratio could help the procurement manager to make the right decision?

29. Sabic is a petrochemical manufacturer. It wants to digitalise its operation and is looking for new IT system. The procurement manager approaches this matter with a through-life specification. He supposes that stating “good quality” in the specification will be enough for quality standard section.

Is the procurement manager’s thought appropriate?

30. Total cost of ownership of a solar panel is $5,000 and it is expected that the panel will make a sav-ing of $1,000 each year. So it would take 5 years for the benefits to repay the investment. Therefore, the firm plans to keep the solar panel for at least 5 years.

Is payback period calculation right for making the business decision?

31. Robert is a senior buyer at MMC Construction Ltd. His company is doing multiple development projects in the country, which increases procurement workload significantly. Meanwhile, most of the tasks are handled manually, which causes bottlenecks in the workflows. The procurement team is overwhelmed by the workload and complains from other departments. From previous experience, Robert knows that electronic system may help his procurement team. He writes a business case to submit to the senior management, in which he insists on the possible productivity improvement by adopting e-system in procurement.

Is Robert's action reasonable?

32. Raheem is the head of procurement at a care home. He decides to use a performance specification for the purchase of a new intelligent patient record IT system.

Is this a correct approach?

33. Kelly Strong, a procurement manager, receives a quotation 5% over budget. Market prices of known materials are significantly lower than estimated.

What should Kelly’s next step be?

34. Which of the following are typically reasons why an organisation implements value analysis? Select TWO that apply:

35. Which of the following is the structured approach for defining customer requirements and translating them into technical specification?

36. When procuring an IT equipment, at which stage the buyer’s expectations are translated into a technical specification?

37. Builder Inc is a rapidly expanding business in construction sector. Due to an increase in projects, it cannot manage the flow of materials by Excel spreadsheets but by more dedicated software.

Who would be a key internal stakeholder in defining software compatibility with company's current system?

38. A procurement manager is helping to improve a specification for an existing product. They list all existing functions, processes, their costs, and the value they add. This exercise aims to support writing an improved specification for future purchasing.

Which of the following is this an example of?

39. Which of the following are the causes of material cost variance?

1. The buyer updates purchase-to-pay system to track payment and delivery

2. An unprocessed goods received note is missing

3. The employees must work overtime to catch up with the customers' orders

4. The purchase is made in emergency

40. 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?