Free CIPS L4M2 Exam Questions

Datong is a defence and law enforcement equipment supplier. They are developing new product but largely concerns about the detailed specifications of components and the capability of supply market. Which of the following approach should Datong adopt in order to optimise the specification and shorten time to market?

To strengthen its market presence, ABC Group decided to develop a new product. A cross-functional team was formed to discuss the scope and the functions of the product. They will also survey the potential customers to see what they like, what they love, and what they dislike. What is this process called?

British Steel needs to source a set of instruments that will improve quality of steel. Without these instrument British Steel will loss control of the temperature the bucket freezes up, or if it is too hot it leaks out of the casting process, damaging the machine. There is limited supply on the market and quality varies greatly. Which of the following will be the most appropriate managing approach to procure these items?

How can a procurement department meet the business needs when purchasing leverage items? 

When developing a business case for a new product, a procurement department must consider...