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CIPS L4M2 dumps - in .pdf

L4M2 pdf
  • Exam Code: L4M2
  • Exam Name: Defining Business Needs
  • Updated: Sep 07, 2025
  • Q & A: 239 Questions and Answers
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  • Exam Code: L4M2
  • Exam Name: Defining Business Needs
  • Updated: Sep 07, 2025
  • Q & A: 239 Questions and Answers
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  • Exam Code: L4M2
  • Exam Name: Defining Business Needs
  • Updated: Sep 07, 2025
  • Q & A: 239 Questions and Answers
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CIPS L4M2 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Ethical and Responsible Sourcing: This section of the exam measures skills of Supply Chain Analysts and emphasizes responsible decision-making when selecting suppliers. It covers sourcing options, analysis methods, and the ethical, environmental, and social standards required in procurement. Candidates will learn to align sourcing decisions with sustainability and governance frameworks.
Topic 2
  • Supplier Relationships: This section of the exam measures skills of Supply Chain Analysts and explores how to manage and strengthen supplier and stakeholder relationships. It looks at the types of relationships across the supply chain, competitive forces, and ways to create added value. The section includes methods for managing partnerships, resolving conflicts, and measuring relationship performance.
Topic 3
  • Whole-Life Asset Management: This section of the exam measures skills of Procurement Officers and examines how to manage assets from acquisition through disposal. It includes inventory management, cost modeling, storage methods, and key technologies used in managing assets over their full lifecycle. Candidates also learn to consider sustainability, risk, and value for money in asset management decisions.
Topic 4
  • Commercial Contracting: This section of the exam measures skills of Procurement Officers and explains how to develop solid commercial agreements with suppliers. It outlines the legal framework of contracts, the use of specifications and performance indicators, and key clauses that should be included in formal contracts. It ensures candidates understand how contracts support procurement strategy and legal compliance.
Topic 5
  • Defining Business Need:This section of the exam measures skills of Supply Chain Analysts and focuses on how to build a strong business case for externally sourced goods or services. It guides learners through estimating costs, understanding financial models, analyzing market conditions, and defining clear specifications. The section also covers various market forces and how specifications influence procurement success.
Topic 6
  • Procurement and Supply in Practice: This section of the exam measures skills of Supply Chain Analysts and integrates all concepts from previous modules into real-world applications. It focuses on applying the full procurement cycle, analyzing supplier performance, managing whole-life costs, and implementing ESG principles. Learners will practice applying strategies across various sectors and industries to demonstrate holistic understanding and problem-solving in procurement.

Reference: https://www.cips.org/qualifications/diploma-in-procurement-supply/def%C4%B1ning-business-need

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