L4M2 PDF Cram Exam | L4M2 Free Exam

Samuel

Nov 8, 2024 - 12:50

0 2

BONUS!!! Download part of ExamDiscuss L4M2 dumps for free: https://drive.google.com/open?id=1lSnIAkt5Ehj0hrBsDq6RtI7dIHjm425w

Though studies have shown that most people over a period of time only to the memory of seven information plates, in the qualification exam review, a lot of exam content miscellaneous and, therefore, get the test L4M2 certification requires the user to have extremely high concentration will all test sites in mind, and this is definitely a very difficult. Our L4M2 learning questions can successfully solve this question for you for the content are exactly close to the changes of the real L4M2 exam.

If you come to our website to choose L4M2 study materials, you will enjoy humanized service. Firstly, we have chat windows to wipe out your doubts about our L4M2 study materials. You can ask any question about our study materials. All of our online workers are going through special training. They are familiar with all details of our L4M2 Study Materials. Also, you have easy access to our free demo. Once you apply for our free trials of the study materials, our system will quickly send it via email.

>> L4M2 PDF Cram Exam <<

L4M2 Free Exam | L4M2 Free Download Pdf

You may doubt that how can our L4M2 exam questions be so popular and be trusted by the customers all over the world. To creat the best L4M2 study materials, our professional have been devoting all their time and efforts. They have revised and updated according to the syllabus changes and all the latest developments in theory and practice, so our L4M2 Practice Braindumps are highly relevant to what you actually need to get through the certifications tests.

CIPS Defining Business Needs Sample Questions (Q176-Q181):

NEW QUESTION # 176
Department for Transport (DfT) needs to buy new locomotives to expand the capacity of trains fleet. In 2009, they were criticized for beginning the procurement "without any clear idea of how many trains would be needed, which routes they would run on and what form of power would be required". What should procurement manager of DfT do first to manage risk in making the specification?

A. Monitor the potential risks
B. Identify the possible risks
C. Implement mitigating actions
D. Assess the potential risks

Answer: B

Explanation:
There are 4 steps to risk managing process:
Step 1: Identify hazards
Step 2: Assess the risk
Once a risk has been identified, a risk assessment should be conducted.
You should carry out a risk assessment for any manual tasks identified as being hazardous, unless the risk is well known and you know how to control it. A risk assessment can help you determine, which postures, movements and forces of the task pose a risk, where during the task they pose a risk, why they are occurring and what needs to be fixed.
Step 3: Control the risk
The ways of controlling risks are ranked from the highest level of protection and reliability to the lowest, which is known as the hierarchy of control. You must always aim to eliminate the hazard, which is the most effective control.
Step 4: Review risk control
Control measures that have been implemented must be reviewed, and, if necessary, revised to make sure they work as planned and to maintain a work environment that is without risks to health and safety.
Source: WorkCover Queensland

NEW QUESTION # 177
XYZ Ltd is a large supermarket chain which operates mainly in the UK and Europe. Their custom-ers are increasingly concerned about sustainability. Therefore, procurement manager is required to source the products from suppliers who have good environmental performance. Which of the fol-lowing can be an assurance that the supplier has procedures and policies to enhance its environmental performance?

A. ISO 14001:2015 certificate
B. ISO 13485:2016 certificate
C. ISO 9001:2015 certificate
D. ISO 22716:2007 certificate

Answer: A

Explanation:
ISO 9001:2015 specifies requirements for a quality management system.
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 22716:2007 gives guidelines for the production, control, storage and shipment of cosmetic products. These guidelines cover the quality aspects of the product, but as a whole do not cover safety aspects for the personnel engaged in the plant, nor do they cover aspects of protection of the environment.
ISO 13485:2016 specifies requirements for a quality management system where an organization needs to demonstrate its ability to provide medical devices and related services that consistently meet customer and applicable regulatory requirements.
Reference:
LO 3, AC 3.1

NEW QUESTION # 178
Interserve is a construction contractor in UK. When receiving a huge and complex project, Inter-serve's procurement manager assesses the risks by quantifying them and recommends other stake-holders to plan mitigating actions. Is the procurement manager's action justified?

A. No, because embedding the risk into pricing will decrease the company's competitiveness
B. Yes, because all the risks should be quantified and eliminated completely before they happen
C. No, because no risks can be quantified, therefore the procurement manager's action is impossible.
D. Yes, because procurement manager needs to assess the risks to prioritise and mitigate any potential risks

Answer: D

Explanation:
Assessing the risks by quantifying them should be done. Even with qualitative risk assessment, quantifying is still important since risks need to be prioritised.
Risk assessment can be qualitative or quantitative. Perform qualitative and perform quantitative risk analysis are two processes within the project risk management knowledge area, in the planning process group. While qualitative risk analysis should generally be performed on all risks, for all projects, quantitative risk analysis has a more limited use, based on the type of project, the project risks, and the availability of data to use to conduct the quantitative analysis.
Qualitative Risk Analysis
A qualitative risk analysis prioritises the identified project risks using a pre-defined rating scale. Risks will be scored based on their probability or likelihood of occurring and the impact on project objectives should they occur.
Probability/likelihood is commonly ranked on a zero to one scale (for example, .3 equating to a 30% probability of the risk event occurring).
The impact scale is organizationally defined (for example, a one to five scale, with five being the highest impact on project objectives - such as budget, schedule, or quality).
A qualitative risk analysis will also include the appropriate categorization of the risks, either source-based or effect-based.
Quantitative Risk Analysis
A quantitative risk analysis is a further analysis of the highest priority risks during a which a numerical or quantitative rating is assigned in order to develop a probabilistic analysis of the project.
A quantitative analysis:
- Quantifies the possible outcomes for the project and assesses the probability of achieving specific project objectives
- Provides a quantitative approach to making decisions when there is uncertainty
- Creates realistic and achievable cost, schedule or scope targets
In order to conduct a quantitative risk analysis, you will need high-quality data, a well-developed project model, and a prioritized lists of project risks (usually from performing a qualitative risk analysis).
Reference:
LO 3, AC 3.3

NEW QUESTION # 179
A hospital extensively spends on medical and implantable devices, medical, surgical and pharma-ceutical supplies, costs of supplies related to buildings and maintenance operations. Hospital's procurement manager suggests that the hospital has an opportunity to reduce operational costs by reducing variation of medical devices and pharmaceutical supplies. Which of the following best describe the procurement manager's suggestion?

A. Process standardisation
B. Value engineering
C. Process re-engineering
D. Product standardisation

Answer: D

Explanation:
The hospital is buying too many product variants. This may cause bottleneck in its operation and increase operational expense. So procurement manager suggests to standardise products.
This is an example of the benefits of product standardisation:
Saint Thomas Health, a system of 5 hospitals, needed to find a way to reduce costs. They were purchasing different SKUs for products that were very similar, in this case, labels. They bought label rolls for $3 and a very similar product for $1. This oversight in product purchases impacted the overall costs of the system.
After partnering with a sole source vendor it was able to save $200,000 over a four year span. They accomplished this simply by standardizing label products. These savings, however, only account for the immediate savings from standardizing products. The saving that are not factored into that number are the savings from soft or hidden costs.
On a national scale, hospitals lose millions of dollars per year in hidden expenses due to missed opportunities for cost containment and incorporation. Some of the hidden elements that increase overall costs for a healthcare provider include the following:
- Redundant purchasing
- Freight
- Excessive purchase orders
- Multiple vendor relations
- Low efficiency
- Joint commission fines
- HAI
By implementing product standardization, hospitals and health systems reduce vendors, are able to reduce SKUs, purchase orders, inefficiency, freight costs, fines, and off-contract spending. All of this adds up to large savings for the organization as a whole.
96% of the respondents in the survey agree that consolidating suppliers and standardizing product purchases across organization would reduce hidden costs.

NEW QUESTION # 180
Which of the following are most likely to increase the buyer's bargaining power?
1. Buyers are price sensitive
2. High set-up cost for new entrants
3. Threat of forward integration is high
4. Threat of backward integration is significant

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

Answer: C

Explanation:
Price sensitivity is the degree to which the price of a product affects consumers' purchasing behaviours. Buyer power will be stronger if buying organisation are price sensitive and vice versa.
Backward integration is a form of vertical integration in which a buying organisation expands its role to fulfil tasks formerly completed by businesses up the supply chain. Buyer power is strong if threat of backward integration is high.
Set-up cost is a determinant of threat of new entry. Some industries require very expensive assets in order to make products. The financial risk of entering the industry and not succeeding can deter many potential new entrants. The fewer new entrants, the fewer available substitutes, then the bar-gaining power of buyer can be negatively affected.
Forward integration is a business strategy that involves a form of vertical integration whereby business activities are expanded to include control of the direct distribution or supply of a compa-ny's products. Threat of forward integration is a determinant of supplier's bargaining power.
Reference:
LO 2, AC 2.2

NEW QUESTION # 181
......

If you are having the same challenging problem, don't worry; CIPS is here to help. Our direct and dependable CIPS Treasury with Defining Business Needs Exam Questions in three formats will surely help you pass the CIPS Treasury with L4M2 certification exam. Because this is a defining moment in your career, do not undervalue the importance of our Treasury with Defining Business Needs (L4M2) exam dumps. Profit from the opportunity to get these top-notch exam questions for the L4M2 certification test.

L4M2 Free Exam: https://www.examdiscuss.com/CIPS/exam/L4M2/

CIPS L4M2 PDF Cram Exam But we have to be aware that the method that you adopt can decide whether you can success in the end or not, Our L4M2 test practice guide' self-learning and self-evaluation functions, the statistics report function, the timing function and the function of stimulating the test could assist you to find your weak links and have a warming up for the real L4M2 exam, For your higher position, for L4M2 certification, the bulk of work has already been done by L4M2 study guide materials.

From the article: many comedians diversify their career portfolios Valid L4M2 Test Notes by using a steady gig a sitcom stint, a writing room spot, regular stand up engagements to let them do whatever they want.

Defining Business Needs updated pdf material & L4M2 exam training vce & online test engine

After installing dbProvider, run the file L4M2 createdb.cmd, which is a script I wrote to create the database for the sample applications, But we have to be aware that Valid L4M2 Test Notes the method that you adopt can decide whether you can success in the end or not.

Our L4M2 Test Practice guide' self-learning and self-evaluation functions, the statistics report function, the timing function and the function of stimulating the test could assist you to find your weak links and have a warming up for the real L4M2 exam.

For your higher position, for L4M2 certification, the bulk of work has already been done by L4M2 study guide materials, The L4M2 exam torrent can provide you the best way to attain such skills.

The L4M2 exam preparation calls for a strong preparation and precise CIPS L4M2 practice material.

DOWNLOAD the newest ExamDiscuss L4M2 PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1lSnIAkt5Ehj0hrBsDq6RtI7dIHjm425w

L4M2 PDF Cram Exam | L4M2 Free Exam