L4m2 - Study guides, Class notes & Summaries
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CIPS L4M2 Defining Business Need: Questions and answers/| LATEST UPDATE | EXAM PREDICTION QUESTIONS |
- Exam (elaborations) • 26 pages • 2024
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CIPS L4M2 Defining Business Need: 
Questions and answers/ 
Types of Purchases 
new buy, straight rebuy, modified rebuy 
Straight rebuy purchase 
Routine purchases of the same products under approximately the same terms of sale 
Brainpower 
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Previous 
Play 
Next 
Rewind 10 seconds 
Move forward 10 seconds 
Unmute 
0:00 
/ 
0:00 
Full screen 
Modified rebuy purchase 
When new-task purchases are changed on repeat orders or straight rebuy purchases are modified 
New purchase 
A purchase o...
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CIPS L4M2 Defining Business Need 2024/2025 already passed
- Exam (elaborations) • 44 pages • 2024 Popular
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CIPS L4M2 Defining Business Need 
Types of Purchases 
new buy, straight rebuy, modified rebuy 
 
 
Straight rebuy purchase 
Routine purchases of the same products under approximately the same terms of sale 
 
 
 
Brainpower 
Read More 
Previous 
Play 
Next 
Rewind 10 seconds 
Move forward 10 seconds 
Unmute 
0:01 
/ 
0:15 
Full screen 
Modified rebuy purchase 
When new-task purchases are changed on repeat orders or straight rebuy purchases are modified 
 
 
New purchase 
A purchase of an item fo...
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CIPS L4M2 Exam Questions and Answers
- Exam (elaborations) • 28 pages • 2024
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CIPS L4M2 Exam Questions and Answers 
Total cost of ownership Correct Ans-Is how much it costs to own the product over its 
lifetime until disposal.
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CIPS L4M2 LATEST 2024 ALREADY PASSED
- Exam (elaborations) • 33 pages • 2024
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CIPS L4M2 LATEST 2024 ALREADY 
 
PASSED 
 
Re-buy It is not necessary to specify a new specification or to source the market. Call-off or 
framework agreement. A preferred supplier is in place 
 
Modified Buy Review of existing contract requirements and making any necessary 
amendments such as to build additional benefits, streamline the business or to establish new 
KPIs/SLAs. Where some of the specification or requirements have changed. 
 
New Buy A new purchase outlines requirements that have...
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CIPS L4M2 Defining Business Need Questions with Complete Answers.
- Exam (elaborations) • 41 pages • 2024
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CIPS L4M2 Defining Business Need Questions with Complete Answers.
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CIPS L4M2 Defining Business Need Questions with Complete Answers
- Exam (elaborations) • 41 pages • 2024
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CIPS L4M2 Defining Business Need Questions with Complete Answers
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CIPS L4M2 Defining Business Need Questions and Answers
- Exam (elaborations) • 42 pages • 2024
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CIPS L4M2 Defining Business Need 
 
Questions and Answers 
 
Types of Purchases 
new buy, straight rebuy, modified rebuy 
Straight rebuy purchase 
Routine purchases of the same products under approximately the same terms of sale 
Modified rebuy purchase 
When new-task purchases are changed on repeat orders or straight rebuy purchases are modified 
New purchase 
A purchase of an item for the first time 
Examples of straight rebuy purchases 
Utilities (gas, water, electricity) 
MRO ( Maintenance, ...
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CIPS L4M2 EXAM 2024
- Exam (elaborations) • 17 pages • 2024
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Exam of 14 pages for the course CIPS at CIPS (CIPS L4M2 EXAM 2023)
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CIPS L4M2 QUESTIONS AND ANSWERS COMPLETE AND RATED A.
- Exam (elaborations) • 37 pages • 2024
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CIPS L4M2 QUESTIONS AND ANSWERS COMPLETE 
AND RATED A.
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CIPS L4M2 Exam Questions with correct answers 2024/2025
- Exam (elaborations) • 27 pages • 2024
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CIPS L4M2 Exam Questions with correct answers 2024/2025When should Competitive bidding not be used? - correct answer Where price cannot be establish with certainty 
Where price isn't the only variable 
Where there are significant set up costs involved 
 
Which 3 types of Whole Life Costing (WLC) models can be used in the planning stage? - correct answer Decision support models 
Simulation models 
Optimisation models 
 
What do Decision Support models do in WLC? - correct answer Identify the ...
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