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CIPS Level 4 Diploma in Procurement and Supply L4M2

L4M2

Exam Code: L4M2

Exam Name: Defining Business Needs

Updated: Sep 04, 2025

Q&A Number: 239 Q&As

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About CIPS L4M2 Exam Braindumps

CIPS L4M2 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 2
  • 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 3
  • Commercial Negotiation: This section of the exam measures skills of Procurement Officers and focuses on negotiation strategies that lead to effective agreements. It covers negotiation types, stages, team dynamics, and communication techniques. Learners will also assess the economic and pricing factors that impact negotiation and apply practical frameworks for reaching favorable outcomes.
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.

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

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L4M2 exam dumps

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L4M2 Related Exams
L4M4 - Ethical and Responsible Sourcing
L4M1 - Scope and Influence of Procurement and Supply
L4M8 - Procurement and Supply in Practice
L4M6 - CIPS Supplier Relationships
L4M5 - Commercial Negotiation
Related Certifications
Level 4 Diploma in Procurement and Supply
CIPS Level 4 Diploma in Procurement and Supply
CIPS Level 5 Advanced Diploma in Procurement and Supply
CIPS Certification
CIPS Level 3 Advanced Certificate in Procurement and Supply Operations
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