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CIPS Level 4 Diploma in Procurement and Supply L4M2 Updated Exam

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Question 20

It could be argued that wherever possible, specifications should be more output and outcome focused. Why is this?

Options:

A.

So that they can be amended easily after contract award

B.

To allow as many suppliers as possible to respond

C.

To reduce the number of options available

D.

So that a specific branded product is provided

Question 21

A manufacturing organisation has initiated a project focusing on costs, with a view to making significant savings. A procurement manager is leading the project. The initial data sources have focused on the cost of raw materials. Which of the following describes this cost?

Options:

A.

Direct, variable costs

B.

Indirect, variable costs

C.

Direct, fixed costs

D.

Indirect, fixed costs

Question 22

A garment manufacturer supplies global retailers with t-shirts, shirts, and linen trousers. Because of currency fluctuations, the manufacturer is aware that they must control their direct costs in order to ensure profits. Which of the following is a direct cost for the garment manufacturer?

Options:

A.

Facilities rent

B.

Cotton fabric

C.

Utilities cost

D.

Office staff payroll

Question 23

An organisation's procurement team is in the best position to make the following contribution to the specification development process, to ...

Options:

A.

Ensure that the views of the suppliers are given priority over those of other stakeholders

B.

Provide the supply market perspectives, in terms of the potential suppliers and alternative solutions

C.

Argue in favour of using conformance specifications, instead of performance specifications

D.

Provide advice that the economic order quantity is the most important factor in the drafting of specifications

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Exam Code: L4M2
Exam Name: Defining Business Needs
Last Update: Nov 22, 2024
Questions: 237
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