Browsed by
Author: evocurement

L4M3 Focus Areas

L4M3 Focus Areas

Comments 2 comments

These are some common learning areas that CIPS often asks in the exam. However we can not assure that they will not ask other areas of knowledge. The use of ITT and RFQ Roles of contract schedules/ Some common contract schedules Differences between invitation to treat and offer Offer and acceptance Battle of the forms Written and verbal contract Vienna Convention on the International Sales of Goods Misrepresentation: Formation and Consequences Framework agreement Hire, Lease and Hire Purchase Specification: the…

Read More Read More

L4M6 Focus Areas

L4M6 Focus Areas

Comments 0 Comment

These are some common learning areas that CIPS often asks in the exam. However we can not assure that they will not ask other areas of knowledge. Relationship spectrum Relationship matrices: Kraljic’s Portfolio Matrix, Supplier Preferencing Matrix Sources of competitive advantages: how procurement aligns with business overall objectives Porter’s Five Forces STEEPLE factors in action Added value of good relationship Methods to identify, qualify and select suppliers Conflict resolution Team development stages Cross-functional team Early supplier involvement Termination of relationship:…

Read More Read More

L4M2 Focus Areas

L4M2 Focus Areas

Comments 2 comments

These are some common learning areas that CIPS often asks in the exam. However we can not assure that they will not ask other areas of knowledge. Types of purchase: Straight re-buy, modified re-buy, new purchase. When are they used? Cost and benefit analysis: Payback period Primary and secondary sources of information Identify direct and indirect costs Total cost of ownership Types of benchmarking Positive and negative cash flow Budget variance Economic sectors: manufacturing, construction, agriculture, financial Porter’s Five Forces:…

Read More Read More

How to analyse CIPS CR exam questions

How to analyse CIPS CR exam questions

Comments 2 comments

If you are preparing for CIPS CR exams, probably you have read Principal Marker reports on their website. You may also notice notes on weaker responses. According to our analytics, the weaker responses have the following characteristics: Lack of understanding of the knowledge area; Lack of details, insufficient length; Failure to provide sufficient number of ideas; Failure to provide examples; Failure to link back to the scenario; Inability to link the answer to the question. With the first three problems,…

Read More Read More

L4M1 Practice Test Demo

L4M1 Practice Test Demo

Comments 3 comments

Here is the demo of L4M1 practice test that we extract from the full test. We hope that you will enjoy it! If you want to practice more questions, feel free to check our practice tests HERE. For further support, please do not hesitate to contact us via whatsApp +84 387 301 575 or email: evocurement@evocurement.edu.vn

L4M4 Focus Areas

L4M4 Focus Areas

Comments 1 comment

L4M4 is the longest, and perhaps the hardest module of whole Level 4 Diploma. Across result statistics, it always has the lowest pass rate. But this module is not a kind of big deal if you know where to focus on. Our tips: Divide the module into three major sections and study carefully. Section #1: Sourcing process This is the longest section in the module. It comprises of Chapter 1 and Chapter 2 in the book. You should study the…

Read More Read More

L4M5 Focus Areas

L4M5 Focus Areas

Comments 2 comments

Like other OR modules of CIPS qualifications, in L4M5 exam, assessors tend to ask widely. The questions may come from any area of the book, and even from outside. Therefore, reading extensively and practicing routinely is the best way to ensure your success. Nonetheless, the following areas repeatedly appear in the exam: Integrative and distributive approach to the negotiation BATNA Types of personal power in negotiation Organisational power (Porter’s Five Forces) Direct and indirect costs Different costing techniques Margin and…

Read More Read More

L4M8 Sample Questions

L4M8 Sample Questions

Comments 0 Comment

Students often struggle to find CR practice questions. Now we offer a simple practice questions for L4M8. This sample has 4 questions, with or without scenario. The most interesting feature here is that you can see the sample answer after clicking on the Check button. The questions are re-constructed from Principal Marker reports. They might not exactly resemble real exam questions. However, we believe that you can learn some skills by doing our test. If you want to practice more…

Read More Read More

Common themes of L4M8 questions

Common themes of L4M8 questions

Comments 8 comments

Unlike OR exams, CR exams such as L4M8 or L4M1 ask specific questions (often with scenario). It is hard to dictate where is the focus areas of these exams. We do a quick research on the Principal Marker reports to see which are the themes of L4M8 questions.

0
    0
    Your Cart
    Your cart is emptyReturn to Shop
    Continue Shopping