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CIPS Level 4M2 Defining Business Needs module is designed for procurement and supply professionals who are looking to enhance their skills in identifying and analyzing business needs. This module covers a range of topics, including stakeholder analysis, market analysis, and risk management. By taking this module, learners will be able to develop effective procurement strategies that meet the needs of their organization.

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CIPS Defining Business Needs Sample Questions (Q61-Q66):

NEW QUESTION # 61
Over the life of a product, which of the following would be considered non-value-adding costs?
* Rework costs
* Production costs
* Maintenance costs
* Waste disposal costs

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

Answer: B

 

NEW QUESTION # 62
Which of the following activities are considered as primary activities of an organization according to Porter's value chain? Select TWO that apply:

• A. Maintenance
• B. Sourcing transportation services
• C. Trainees recruitment
• D. Picking and delivery components
• E. Assembly design

Answer: A,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 The following graph illustrate the value chain (Source: Smartsheet) Graphical user interface, diagram Description automatically generated

Picking and delivery components is inbound logistics.
Maintenance is an example of operations activity.
Sourcing transportation services is an activity of procurement
Assembly design is an activity in research and development (Technology) Recruiting is an activity of human resource management

 

NEW QUESTION # 63
A "modified re-buy" means ...

• A. Both the specification and the market should be reviewed to manage the new circumstances
• B. The specification should not be considered for future treatment as a stock item because of the modification
• C. The existing supplier should be asked to supply the requirement because it is a modified re-buy of the same item
• D. The existing specifications should be reviewed but not the supply market, as this type of purchase is complex

Answer: A

 

NEW QUESTION # 64
When preparing through-life specification, which of the following requirements should procure-ment team define besides the physical asset? Select TWO that apply.

• A. Market analysis
• B. Logistics and installation
• C. Available substitute
• D. Customer service
• E. Objectives

Answer: B,D

Explanation:
Through-life Management involves the life-cycle management of the products, services and activities required to deliver a fully integrated capability to the customer, while reducing the cost of ownership for the customer.

Source: Andrew Graves
With through-life management, buyer not only cares about the physical asset but also other factors like customer services and maintenance.
Reference:
LO 3, AC 3.2

 

NEW QUESTION # 65
Which of the following specific markets is most likely to have product shortage by nature?

• A. Services
• B. Agriculture
• C. Construction
• D. Retail
• E. Financial

Answer: B

Explanation:
Products used in agriculture can be subject to shortage due to natural disasters.
Reference:
LO 2, AC 2.1

 

NEW QUESTION # 66
......

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