2025-09-27 Ask Me Anything
Revision video Presentation
How should buyers approach sourcing for CAPEX and OPEX?
CAPEX and OPEX are emphasized in CIPS Level 4 and are frequently asked in the exam. CAPEX and OPEX is one of purchasing categorization approaches based on the nature of the purchase. CAPEX stands for CApital EXpenditure and OPEX stands for Operational EXpenditure. Are there any differences when sourcing CAPEX and OPEX? To answer this question, we should begin to analyse the features of these purchases, as they determine the specific requirements in the sourcing process. CAPEX ( Capital Expenditure)…
How critical is stakeholder management to the success of a purchasing project?
In the previous post, we discussed the types of stakeholders that can impact on procurement and supply activities. If we stop at stakeholders classifications, it won’t lead to any meaningful insights. According to CIPS study guides, it is recommended to manage stakeholders using Mendelow’s Stakeholder Materix. Each purchasing project may attract interest from different stakeholders and each of themholds different levels of power. Hence, it is very important to adopt appropriate management strategies tailored to each stakeholder. Mendelow uses 2…
How does CIPS structure exam questions concerning stakeholders?
Stakeholder management is emphasized in the CIPS Level 4 study guides, as no company can operate effectively without managing stakeholders. In the CIPS exam, this concept appears in both OR and CR modules, highlighting the importance of a deep understanding of the topic. The exam questions typically focus on stakeholder classification, stakeholder management and its impact on procurement and supply activities. To successfully tackle these challenging questions, students should thoroughly understand the theory and refer it to their own workplace…
2025-09-13 International Sourcing
Revision video Presentation
Which documents are needed to facilitate the import of goods?
A company may choose to source locally or internationally to leverage the market competition. When sourcing from another country, buyers need to understand legal requirements and other regulation to facilitate customs clearance. If they do not prepare sufficient importing documents, they may face risks such as delivery delay or spoiled goods due to being held at customs. In the CIPS exams, there are 1 or 2 questions asking about mandatory documents required when importing goods. In the post, I would…
2025-09-06 L4M4 Revision Event
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As a buyer, how can you tell whether you got a good price for what you purchased?
Cost analysis is one of the key elements in a business case. From the perspective of executive management, understanding the true costs of purchased products is essential to ensure that purchases deliver value for money. According to the CIPS study guides, buyers have various methods for analyzing the costs of purchased items, depending on the nature of the purchase and the type of supplier relationship. The nature of the purchase refers to how frequently items are bought, either as one-off…
2025-08-23 L4M7 Health-Check_ Test Your Knowledge, Get Instant Feedback!
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