L4M2 Exam Dumps | To improve the productivity, Plantation Ltd is planning to purchase a tractor, which it has never bought

Home
CIPS
Defining Business Needs
CIPS.L4M2.v2025-04-25.q92
Question 14

Valid L4M2 Dumps shared by ExamDiscuss.com for Helping Passing L4M2 Exam! ExamDiscuss.com now offer the newest L4M2 exam dumps, the ExamDiscuss.com L4M2 exam questions have been updated and answers have been corrected get the newest ExamDiscuss.com L4M2 dumps with Test Engine here:

Access L4M2 Dumps Premium Version
(239 Q&As Dumps, 35%OFF Special Discount Code: freecram)

<< Prev Question Next Question >>

Question 14/92

To improve the productivity, Plantation Ltd is planning to purchase a tractor, which it has never bought before. The project must be quick to catch up with the next growing season. Leanne, a jun-ior procurement staff at the company, assumes that she could skip market analysis stage to save time. Is this assumption reasonable?

A. Yes, Leanne just needs to purchase the tractor from her friend's company

B. Yes, the company has extensive experience in purchasing tractor

C. No, market analysis will inform the company of the pricing as well as latest technology trends

D. No, the company assesses supplier's performance solely based on market analysis

Correct Answer: C

Market analysis is a stage in CIPS Procurement and Supply Cycle. This stage informs the purchaser about the number of suppliers, the average pricing, and product trends. Even urgent purchase should undergo market analysis. Without undertaking this stage, the buying organisation may not purchase the right product, or they may purchase at higher price.

Your email address will not be published. Required fields are marked *

Comment: *

Name: *

Email: *

Rating: *

Verification: *

Question List (92q): 2 commentQuestion 1: Apple's CPO is planning a budget for purchasing carbon-free ...; Question 2: Builder Inc is a rapidly expanding business in construction ...; Question 3: Gaskins Caskets (GC) is a manufacturing company that wants t...; Question 4: When analysing competitive forces in a market, which of the ...; Question 5: Which of the following are typical examples of secondary sou...; Question 6: Which of the following agencies can produce a technical stan...; Question 7: In Kano model, which of the following types of requirement s...; Question 8: Department for Transport (DfT) needs to buy new locomotives ...; Question 9: XYZ Ltd is producing an engine which consists of many compon...; Question 10: Which of the following can cause overhead variance? Select T...; Question 11: Robert is a buyer at Pickton's Farm Products (PFP), a manufa...; Question 12: Which of the following are typical environmental considerati...; Question 13: XYZ Ltd is the largest consumer of brass in the country. It ...; Question 14: To improve the productivity, Plantation Ltd is planning to p...; Question 15: What will be the result of retaliation between business riva...; Question 16: Sealines Inc is developing its fleet of cargo ships. The com...; Question 17: A procurement manager is requested to source a major compone...; Question 18: Which of the following standards specifies requirements for ...; Question 19: A company is planning the procurement of an IT system and wa...; Question 20: Which of the following methods will enable a company to elim...; Question 21: Which of the following is the process for improving the valu...; Question 22: Which of these are advantages of using a conformance specifi...; Question 23: What is the document that defines the activities, deliverabl...; Question 24: Which of the following activities would apply to a straight ...; Question 25: Interserve is a construction contractor in UK. When receivin...; Question 26: Raw materials used in the production of a saleable product a...; Question 27: Which of the following factors should be assessed to underst...; Question 28: Which of the following is the structured approach for defini...; Question 29: Buyers are more powerful than the supplier when they are pur...; Question 30: ABC Ltd has recently set up a stationery contract with a lar...; Question 31: A procurement manager is writing a conformance specification...; Question 32: Which of the following specific markets is most likely to ha...; Question 33: Robert is a senior buyer at MMC Construction Ltd. His compan...; Question 34: The buyer's database is regarded as a primary data source. W...; Question 35: A manufacturing organisation has initiated a project focusin...; Question 36: What is the contribution of marketing function to the develo...; Question 37: Thani Ltd is a fast growing logistics company with a fleet o...; Question 38: When preparing through-life specification, which of the foll...; Question 39: A construction company requires a specification that details...; Question 40: Which of the following are the fair and reasonable comparato...; Question 41: Datong is a defence and law enforcement equipment supplier. ...; Question 42: An example of a performance specification is a ......; Question 43: Which of the following are recognised competitive strategies...; Question 44: Due to increasing demand, a local restaurant is requesting i...; Question 45: Which of the following technology is likely to be an innovat...; Question 46: To calculate the estimated annual payback period, a buyer wi...; Question 47: Which of the following always impact negatively on a company...; Question 48: Aircraft Category Manager, Harpal Patel, is purchasing sever...; Question 49: Which of the following specific markets engage in creation, ...; Question 50: Which of the following problems may be identified as open-en...; Question 51: Which of the following are fixed costs? Select TWO that appl...; Question 52: Which of the following is the new technology that has impact...; Question 53: A drawing is an example of...?; Question 54: Which of the following statements is the best definition of ...; Question 55: As the lead procurement manager, you have been asked to comp...; Question 56: At which stage of product life cycle, price competition betw...; Question 57: Which of the following are the causes of material cost varia...; Question 58: The procurement officer for Hunter Manufacturing has been ta...; Question 59: Which of the following might be consequences of over-specifi...; Question 60: At which stage of through-life contract management, procurem...; Question 61: Which of the following is the core of value analysis process...; Question 62: A charity is reviewing their spend and budget after an opera...; Question 63: What would provide the best method to ensure a car manufactu...; Question 64: Facing fiercer competition at home and abroad, IKEA, the lea...; Question 65: Warwickshire Ambulance Service (WAS) is an NHS Trust. It ope...; Question 66: Which of the following factors is most likely to be a barrie...; Question 67: Royal Navy is preparing a through-life contract. They put to...; Question 68: ABC Ltd has enormous investment in facilities and machinery....; Question 69: Lider Ltd is a leading bathroom furniture manufacturer in In...; Question 70: Alexander has identified that he wishes to use a performance...; Question 71: A large sports organisation requires some additional racing ...; Question 72: Daytona Ltd is developing a new product which is more enviro...; Question 73: One of the disadvantages of using standards in specification...; Question 74: Which of the following are features of a conformance specifi...; Question 75: A company is building a new two-storey office block and will...; Question 76: Buyers in the same industry with the same understanding of r...; Question 77: GSC Ltd is a manufacturer of car parts. To accommodate growi...; Question 78: Which of the following is an useful tool for value engineeri...; Question 79: Which of the following factors might prompt an organisation ...; Question 80: EV Inc is facing the following challenges: 1. The capital in...; Question 81: Halfords is a major bicycle and car parts retailer with long...; Question 82: A conformance specification with designs should contain more...; Question 83: Which of the following might be the consequences of under-sp...; Question 84: Which of the following are typically reasons why an organisa...; Question 85: Which of the following is the disadvantage of embedding stan...; Question 86: Which of the following are most likely to negatively affect ...; Question 87: An automotive manufacturer is sourcing rubber components fro...; Question 88: Despite of better improvement rates than other types of benc...; Question 89: A procurement manager includes provision on recovery from na...; Question 90: Ymira is asked to develop the specification for water purifi...; Question 91: Which of the following is a risk to buying organization when...; Question 92: Ethan is the newly appointed CEO of ATT Group. He sees that ...

[×]

Download PDF File

Enter your email address to download CIPS.L4M2.v2025-04-25.q92.pdf

Email:

Disclaimer:
Freecram doesn't offer Real GIAC Exam Questions. Freecram doesn't offer Real SAP Exam Questions. Freecram doesn't offer Real (ISC)² Exam Questions. Freecram doesn't offer Real CompTIA Exam Questions. Freecram doesn't offer Real Microsoft Exam Questions.
Oracle and Java are registered trademarks of Oracle and/or its affiliates.
Freecram material do not contain actual actual Oracle Exam Questions or material.
Microsoft®, Azure®, Windows®, Windows Vista®, and the Windows logo are registered trademarks of Microsoft Corporation.
Freecram Materials do not contain actual questions and answers from Cisco's Certification Exams. The brand Cisco is a registered trademark of CISCO, Inc.
CFA Institute does not endorse, promote or warrant the accuracy or quality of these questions. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Freecram does not offer exam dumps or questions from actual exams. We offer learning material and practice tests created by subject matter experts to assist and help learners prepare for those exams. All certification brands used on the website are owned by the respective brand owners. Freecram does not own or claim any ownership on any of the brands.

Question 14/92

LEAVE A REPLY

Download PDF File