2023 Latest PassTestking L4M2 PDF Dumps and L4M2 Exam Engine Free Share: https://drive.google.com/open?id=1kl5_m-Bj2PEg9iI-E2OSYFp0lh29WMyX We offer free demos and updates if there are any for your reference beside real L4M2 real materials. By downloading the free demos you will catch on the basic essences of our L4M2 guide question and just look briefly at our practice materials you can feel the thoughtful and trendy of us. About difficult or equivocal points, our experts left notes to account for them. To fill the void, we simplify the procedures of getting way, just place your order and no need to wait for arrival of our L4M2 Exam Dumps or make reservation in case people get them all, our practice materials can be obtained with five minutes. In this age of anxiety, everyone seems to have great pressure. If you are better, you will have a more relaxed life. L4M2 guide materials allow you to increase the efficiency of your work. You can spend more time doing other things. Our study materials allow you to pass the L4M2 exam in the shortest possible time. You will stand at a higher starting point than others. Why are L4M2 Practice Questions worth your choice? I hope you can spend a little time free downloading our demo of our L4M2 exam questions, then you will know the advantages of our L4M2 study materials! >> Examcollection L4M2 Dumps <<
Selecting PassTestking can 100% help you pass the exam. According to CIPS L4M2 test subjects' changing, we will continue to update our training materials and will provide the latest exam content. PassTestking can provide a free 24-hour online customer service for you. If you do not pass CIPS Certification L4M2 Exam, we will full refund to you.
Topic | Details |
---|---|
Topic 1 |
|
Topic 2 |
|
Topic 3 |
|
Topic 4 |
|
Topic 5 |
|
Topic 6 |
|
Topic 7 |
|
Topic 8 |
|
NEW QUESTION # 21
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?
Answer: D
Explanation:
Internal stakeholders may contribute to defining needs and drafting the specification by using their technical expertise. In this scenario, IT team may consult procurement team on the technical specification of the software, including compatibility with company's current IT system.
Reference:
LO 3, AC 3.4
NEW QUESTION # 22
According to Porter's value chain, which of the following activities is categorised as support activity?
Answer: D
Explanation:
Primary activities consist of inbound logistics, operations, outbound logistics, sales & marketing, service.
Second activities consist of firm infrastructure, human resource management, technology development and procurement
Support activities (also known as secondary activities) include Firm infrastructure, Human resource management, Technology development and Procurement. Developing digital SRM technology to manage suppliers better is Technology development.
LO 1, AC 1.2
NEW QUESTION # 23
Which of the following are the fair and reasonable comparators in price analysis? Select TWO that apply:
Answer: C,E
Explanation:
Price Analysis is the process of deciding if the asking price for a product or service is fair and rea-sonable, without examining the specific cost and profit calculations the vendor used in arriving at the price. It is basically a process of comparing the price with known indicators of reasonableness. When adequate price competition does not exist, some other form of analysis is required. Some reasons that could affect adequate price competition are: specifications are not definitive, tolerances are restrictive, or production capacity limits those eligible to bid.
Examples of other forms of price analysis information include:
* Analysis of previous prices paid
* Comparison of vendor's price with the in-house estimate
* Comparison of quotations or published price lists from multiple vendors
* Comparisons with government agencies (such as GSA in the US) published prices A strike price is the set price at which a derivative contract can be bought or sold when it is exercised. For call options, the strike price is where the security can be bought by the option holder; for put options, the strike price is the price at which the security can be sold. Strike price is also known as the exercise price.
A cost driver is the direct cause of a cost and its effect is on the total cost incurred. For example, if you are to determine the amount of electricity consumed in a particular period, the number of units consumed determines the total bill for electricity. In such a scenario, the number of units of electricity consumed is a cost driver.
Reference:
LO 1, AC 1.2
NEW QUESTION # 24
Which of the following is an useful tool for value engineering?
Answer: D
Explanation:
Value Engineering (VE) is concerned with new products. It is applied during product development. The focus is on reducing costs, improving function or both, by way of teamwork-based product evaluation and analysis. This takes place before any capital is invested in tooling, plant or equipment.
This is very significant, because according to many reports, up to 80% of a product's costs (throughout the rest of its life-cycle), are locked in at the design development stage. This is under-standable when you consider the design of any product determines many factors, such as tooling, plant and equipment, labour and skills, training costs, materials, shipping, installation, maintenance, as well as decommissioning and recycle costs.
The Kano model is a theory for product development and customer satisfaction developed in the 1980s by Professor Noriaki Kano, which classifies customer preferences into five categories. Both Kano model and Value Engineering aims at optimising new product, so they can be combined to-gether. CIPS L4M2 study guide consider Kano model is a tool of Value Engineering
Example of Kano model (source: Wikipedia)
Reference:
LO 3, AC 3.4
NEW QUESTION # 25
A procurement manager consolidates the company expense on printing and office supplies into broader range of spend category. Other senior managers are concerned that it may increase company's spend. Is that concern justified?
Answer: A
Explanation:
Printing and office supplies are often considered as low risk, low value items. Consolidation low value, low risk items into a broader range will dramatically increases the value of the contract and leverage of buying organisation in the negotiation.
Reference:
LO 1, AC 1.1
NEW QUESTION # 26
......
If you care about your certification L4M2 exams, our L4M2 test prep materials will be your best select. We provide free demo of our L4M2 training materials for your downloading before purchasing complete our products. Demo questions are the part of the complete L4M2 test prep and you can see our high quality from that. After payment you can receive our complete L4M2 Exam Guide soon in about 5 to 10 minutes. And we offer you free updates for L4M2 learning guide for one year. Stop to hesitate, just go and choose our L4M2 exam questions!
L4M2 Exam Exercise: https://www.passtestking.com/CIPS/L4M2-practice-exam-dumps.html
DOWNLOAD the newest PassTestking L4M2 PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1kl5_m-Bj2PEg9iI-E2OSYFp0lh29WMyX