CIPS Defining Business Needs : L4M2 valid dumps

L4M2 real exams

Exam Code: L4M2

Exam Name: Defining Business Needs

Updated: Nov 19, 2024

Q & A: 239 Questions and Answers

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CIPS L4M2 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understand how to devise a business case for requirements to be sourced from external suppliers
  • Producing estimated costs and budgets
Topic 2
  • Monitor specification creation by colleagues and other internal stakeholders
  • Analyse how business needs influence procurement decisions
Topic 3
  • Provide guidance to internal stakeholders on implementation
  • Implications of the business needs on the types of purchase
Topic 4
  • Output or outcome, statement of work based specifications
  • Types of market data that can provide information on costs and prices
Topic 5
  • Approaches to total costs of ownership
  • whole life cycle costing
  • Interpret financial budgets for the control of purchases
Topic 6
  • Identify sections of specifications for through life contracts
  • Identify how costs and prices can be estimated for procurement activities
Topic 7
  • Analyse the criteria that can be applied in the creation of a business case
  • Availability of substitutes and threat of entry
Topic 8
  • Understand market management in procurement and supply
  • Compare the competitive forces that influence markets
Topic 9
  • Understand the use of specifications in procurement and supply
  • Analyse the different types of markets utilised by procurement and supply
Topic 10
  • Identify the risks that can result from inadequate specifications and mitigation approaches
  • Use information to prepare budgets or to negotiate prices

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

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