CIPS Defining Business Needs : L4M2 valid dumps

L4M2 real exams

Exam Code: L4M2

Exam Name: Defining Business Needs

Updated: Nov 14, 2024

Q & A: 206 Questions and Answers

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CIPS L4M2 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Identify sections of specifications for through life contracts
  • Identify how costs and prices can be estimated for procurement activities
Topic 2
  • Analyse the criteria that can be applied in the creation of a business case
  • Availability of substitutes and threat of entry
Topic 3
  • Monitor specification creation by colleagues and other internal stakeholders
  • Analyse how business needs influence procurement decisions
Topic 4
  • Identify opportunities to regulate short and longer term specifications
  • Procurement’s role in developing a business case
Topic 5
  • Understand the use of specifications in procurement and supply
  • Analyse the different types of markets utilised by procurement and supply
Topic 6
  • Provide guidance to internal stakeholders on implementation
  • Implications of the business needs on the types of purchase
Topic 7
  • Approaches to total costs of ownership
  • whole life cycle costing
  • Interpret financial budgets for the control of purchases

Reference: https://www.cips.org/qualifications/diploma-in-procurement-supply/def%C4%B1ning-business-need

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