Name: L4M2 Practice Exam & L4M2 Best Questions & L4M2 Certification Training
Brand: CIPS
SKU: DPESP4S23346C27B733F329
Price: 59.98 USD
Availability: InStock
Rating: 4.9 (917 reviews)

Simulate the real exam

We provide different versions of L4M2 practice exam materials for our customers, among which the software version can stimulate the real exam for you but it only can be used in the windows operation system. It tries to simulate the L4M2 best questions for our customers to learn and test at the same time and it has been proved to be good environment for IT workers to find deficiencies of their knowledge in the course of stimulation.

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CIPS L4M2 Exam Syllabus Topics:

Topic	Details
Topic 1	Understand how to develop a business case for requirements to be sourced from external suppliers: This section of the exam measures the skills of Procurement Analysts and focuses on understanding how business needs influence sourcing decisions. It covers identifying different types of purchases such as new, modified, and straight rebuys, and analyzing their implications on procurement strategies. Learners are expected to understand how procurement contributes to developing a strong business case by assessing costs, prices, and market data. It also includes estimating direct and indirect costs, applying whole-life asset management principles, and using financial models and budgets to control purchasing activities.
Topic 2	Understand market management in procurement and supply: This section of the exam evaluates the expertise of Supply Chain Managers in managing and analyzing different markets. It includes understanding procurement considerations across sectors such as manufacturing, construction, retail, financial, agriculture, and services. Candidates are tested on their ability to compare competitive forces that influence markets, including supplier and buyer bargaining power, threats from substitutes, and new entrants. The section also focuses on differentiating between direct and indirect costs, identifying reliable sources of market data, and using this information to estimate costs, prepare budgets, and analyze potential cost variability.
Topic 3	Understand the use of specifications in procurement and supply: This part of the exam assesses the capabilities of Procurement Officers and focuses on how specifications are developed and used in procurement. It involves understanding various types of specifications, such as conformance and performance specifications, and identifying key information sources including internal expertise, external standards, and sustainability factors. The section highlights the importance of structuring specifications with clear scope, definitions, testing, acceptance, and change control mechanisms, while integrating environmental, social, and governance criteria. Additionally, it covers the risks of poor specification design and how to mitigate them through monitoring, review, and improvement. Candidates are also expected to recognize opportunities for standardization, value analysis, and value engineering to enhance specification quality and support long-term procurement performance.

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

Fast delivery in 5 to 10 minutes after payment

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Only need to practice for 20 to 30 hours

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