VALID L4M2 TORRENT - VALID L4M2 BRAINDUMPS

Valid L4M2 Torrent - Valid L4M2 Braindumps

Valid L4M2 Torrent - Valid L4M2 Braindumps

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Tags: Valid L4M2 Torrent, Valid L4M2 Braindumps, L4M2 Certification Test Answers, New L4M2 Test Discount, Test L4M2 Practice

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CIPS Defining Business Needs Sample Questions (Q22-Q27):

NEW QUESTION # 22
Which of the following are typical examples of secondary sources of market data? Select TWO that apply.

  • A. Trade fairs and exhibitions
  • B. Supplier marketing publications
  • C. Published market analysis
  • D. Price comparison websites
  • E. Communication with suppliers

Answer: C,D


NEW QUESTION # 23
An organisation's procurement team is in the best position to make the following contribution to the specification development process, to ...

  • A. Argue in favour of using conformance specifications, instead of performance specifications
  • B. Provide advice that the economic order quantity is the most important factor in the drafting of specifications
  • C. Ensure that the views of the suppliers are given priority over those of other stakeholders
  • D. Provide the supply market perspectives, in terms of the potential suppliers and alternative solutions

Answer: D

Explanation:
Detailed Explanation:
Procurement teams bring valuable market insights, helping stakeholders understand supplier capabilities, potential risks, and alternative solutions. This knowledge ensures that specifications are both realistic and aligned with market conditions. Reference: CIPS Level 4, Specification Development and Supplier Collaboration.


NEW QUESTION # 24
Which of the following are main focuses of ISO 27001:2013 standard?
1. Confidentiality
2. Logistics
3. Process
4. Life cycle

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

Answer: A

Explanation:
This International Standard (ISO 27001:2013) has been prepared to provide requirements for establishing, implementing, maintaining and continually improving an information security management system. The adoption of an information security management system is a strategic decision for an organization. The establishment and implementation of an organization's information security management system is influenced by the organization's needs and objectives, security requirements, the organizational processes used and the size and structure of the organization. All of these influencing factors are expected to change over time.
The information security management system preserves the confidentiality, integrity and availability of information by applying a risk management process and gives confidence to interested parties that risks are adequately managed.
It is important that the information security management system is part of and integrated with the organization's processes and overall management structure and that information security is considered in the design of processes, information systems, and controls. It is expected that an information security management system implementation will be scaled in accordance with the needs of the organization.
This International Standard can be used by internal and external parties to assess the organization's ability to meet the organization's own information security requirements.
The order in which requirements are presented in this International Standard does not reflect their importance or imply the order in which they are to be implemented. The list items are enumerated for reference purpose only.
ISO/IEC 27000 describes the overview and the vocabulary of information security management systems, referencing the information security management system family of standards (includ-ing ISO/IEC 27003[2], ISO/IEC 27004[3] and ISO/IEC 27005[4]), with related terms and defini-tions.
Reference:
- ISO/IEC 27001:2013 Information technology - Security techniques - Information security management systems - Requirements LO 3, AC 3.1


NEW QUESTION # 25
GSC Ltd is a manufacturer of car parts. To accommodate growing demands of electric cars, the company is developing a new component which requires different type of steel. The project team estimates that the component will be ready for production in 1.5 years. Until then, they need to keep the production busy.
After checking the inventory records, the production team sees that the company has 3 months of stock. The lead time for each batch is two months. Which of the following should be a priority ac-tion of the company?

  • A. Standardise the specification
  • B. Create new specification to current supplier
  • C. Make a call-off order to current supplier
  • D. Create new specification to new supplier

Answer: C

Explanation:
The scenario is very long with many distracting data. Students need to read carefully and use their experience to solve this problem.
The company is developing a new component which requires different type of material. But this component will not be available for mass production in 1.5 years. This means the company still needs to produce the current components with current materials until the development is finished. They must continue purchase the materials from current supplier through call-off orders. This situation is an example of straight re-buy.


NEW QUESTION # 26
A "modified re-buy" means ...

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

Answer: C


NEW QUESTION # 27
......

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