Cips 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 questions with answers 2023 rated A+
- Exam (elaborations) • 7 pages • 2023
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CIPS L4M2 Defining Business Need questions with answers 2023 rated A+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 
P...
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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 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 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 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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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 Defining Business Need
- Exam (elaborations) • 24 pages • 2024
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- $15.49
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CIPS L4M2 Defining Business Need
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CIPS L4M2 Defining Business Need
- Exam (elaborations) • 24 pages • 2024
-
- $15.49
- + learn more
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 
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, repair and operating item...