Before you begin ✍️
You are about to practice the questions set for
CIPS - Defining Business Needs L4M2 Paper 1.
Please put away any distractions and focus all your efforts on passing.
⏱️Time limit: 1 hour 30 minutes
At the end of your examination practice, you will
📝 View your grade
✅ View the correct answers
NOTE: The answers provided haven't been verified by an official CIPS-affiliated entity, therefore consider discussing your concerns with the instructor or fellow students for clarification.
To begin your exam practice,
wait a few seconds for the start button to appear,
then tap the START button.
"We're rooting for you all the way!" All the best. 😃
Which of the following examples represent fixed costs within a business?
Which choices reflect recognized competitive strategies?
- Pursuing business growth at any cost
- Capturing increased customer interest
- Developing unique products and brands
- Focusing efforts on a niche segment
- Acquiring competing companies
Steel wire needs specific tools to improve steel quality, ensuring temperature control during casting. Without them, risks like freezing buckets or leaks could harm machinery. Given the limited market availability and varying quality of such tools, what is the most appropriate procurement approach?
Which of the Which of the following is an example of a performance specification?exemplifies a performance specification?
Select TWO items typically covered under a conformance specification.
If a company X identifies alternative supply sources to address significant disruptions in logistics, manufacturing, and related services, which risk management method are they employing?
What term refers to a buying organization integrating with businesses that provide essential raw materials for production?
Company M seeks to cut costs and streamline component use in engine production. Which strategy would support the procurement team in achieving these goals?
1. Value analysis
2. Segment analysis
3. Variety reduction
4. Standardization
What are the key factors contributing to material cost variance?
- Updating systems to monitor payment and deliveries
- Missing or unprocessed goods received notes
- Overtime work to fulfill customer orders
- Emergency procurement processes
A procurement team uses Kraljic’s matrix and observes that low-value items come from limited suppliers, creating a dependency risk. The team plans to find alternative suppliers. Is this action appropriate?
Which options represent secondary sources of cost and price data?
Identify TWO examples of primary data sources.
Which concept identifies the types of waste targeted during Lean procurement implementation?
Company X dominates the country’s stone purchasing market, accounting for 50% of all stone consumption, while other buyers combined represent less than 10%. This grants the company which power?
Is the following statement accurate: "The product's position in its life cycle can influence supplier pricing decisions"?
Which standard outlines requirements for a quality management system?
Why do organizations typically implement value analysis? Choose TWO applicable reasons.
A procurement manager includes disaster recovery provisions in a through-life specification, but suppliers consider it unnecessary. Is this decision valid?
What systematic method translates customer needs into technical specifications?
Select THREE reasons why an organization might seek an alternative product.
JedHouse Co invites contractors to tender for a commercial building. A document attached to the tender outlines the required materials and installation processes. What is this document called?
At which stage of through-life contract management should the procurement team identify risks and mitigation strategies?
At which stage of through-life contract management should the procurement team identify risks and mitigation strategies?
John, a senior buyer at LXY Construction Ltd, suggests adopting an electronic procurement system to improve productivity and address workload issues. Is his initiative justified?
Max company is expanding its cargo fleet and considering building a natural gas-powered ship. The procurement manager suggests preparing a through-life specification before engaging suppliers. Is this approach appropriate?
Please proceed to view your grade. Fingers crossed🤗
I passed my November 2024 CIPS Exams well using revision questions from this platform. This is the only way to success i can trust
Gradezup has assisted us alot when preparing for CIPS exams and keep it on updating the information every year for focus areas changes on annual basis
Good paper this is a sure method too let you know where you are in your world of exam prep
Business needs
Grazeup is by far thee best , thank you.
Insightful and resourceful, thank you