Cips l4m2 exam questions - Study guides, Class notes & Summaries
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CIPS L4M2 EXAM QUESTIONS WITH COMPLETE ANSWERS 2024
- Exam (elaborations) • 14 pages • 2024
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CIPS L4M2 EXAM
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CIPS L4M2 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+
- Exam (elaborations) • 27 pages • 2024
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CIPS L4M2 EXAM | QUESTIONS & 100% 
CORRECT ANSWERS (VERIFIED) | LATEST 
UPDATE | GRADEA+ 
Re-buy 
Correct Answer: 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 
Correct Answer: 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...
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CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers
- Exam (elaborations) • 25 pages • 2024
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CIPS L4M2 Defining Business Need Exam 
Questions With 100% Correct 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 ...
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CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers
- Exam (elaborations) • 25 pages • 2024
- Available in package deal
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CIPS L4M2 Defining Business Need Exam 
Questions With 100% Correct 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 ...
-
CIPS L4M2 EXAM QUESTIONS AND ANSWERS LATEST UPDATED
- Exam (elaborations) • 14 pages • 2024
- Available in package deal
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CIPS L4M2 EXAM
Make study stress less painful
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CIPS L4M2, Exam Review Questions and answers, VERIFIED/| LATEST UPDATE | EXAM PREDICTION QUESTIONS |
- Exam (elaborations) • 27 pages • 2024
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CIPS L4M2, Exam Review Questions and 
answers, VERIFIED/ 
When should Competitive bidding not be used? - -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? - -Decision 
support models 
Simulation models 
Optimisation models 
What do Decision Support models do in WLC? - -Identify the issue to find possible alternatives 
What d...
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CIPS L4M2 Exam Questions and Answers verified 100% Correct
- Exam (elaborations) • 28 pages • 2024
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CIPS L4M2 Exam Questions and 
Answers verified 100% Correct
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CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers
- Exam (elaborations) • 25 pages • 2024
- Available in package deal
-
- $11.49
- + learn more
CIPS L4M2 Defining Business Need Exam 
Questions With 100% Correct 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 ...
-
CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
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- $10.49
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CIPS L4M2 Defining Business Need Exam 
Questions With 100% Correct Answers 
Fixed Cost (FC) 
Costs that remain the same irrespective of business activity or volume 
Variable Cost (VC) 
Costs that vary with the level of output 
Market Factors 
Objectives 
Drivers 
Governance 
Ownership 
Commodity or Non-Commodity 
Break-Even Point (BEP) 
When total costs are equivalent to sales revenue (after this, it is profit) 
Solving a Problem 
SCAMPER 
Substitute 
Combine 
Adapt 
Modify 
Put to other uses 
E...
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CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
-
- $11.49
- + learn more
CIPS L4M2 Defining Business Need Exam 
Questions With 100% Correct Answers 
Fixed Cost (FC) 
Costs that remain the same irrespective of business activity or volume 
Variable Cost (VC) 
Costs that vary with the level of output 
Market Factors 
Objectives 
Drivers 
Governance 
Ownership 
Commodity or Non-Commodity 
Break-Even Point (BEP) 
When total costs are equivalent to sales revenue (after this, it is profit) 
Solving a Problem 
SCAMPER 
Substitute 
Combine 
Adapt 
Modify 
Put to other uses 
E...
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