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L5M3 – DRAG & DROP QUESTIONS
FOCUS AREAS OF LEVEL 4
L4M1 Scope and Influence of Procurement and Supply L4M2 Define Business Needs L4M3 Commercial Contracting L4M4 Ethical and Responsible Sourcing L4M5 Commercial Negotiation L4M6 Supplier Relationships L4M7 Whole Life Assets Management L4M8 Practice in Procurement and Supply
LEVEL 4 FOCUS AREAS
L4M1 Scope and Influence of Procurement and Supply L4M2 Defining Business Needs L4M3 Commercial Contracting L4M4 Ethical and Responsible Sourcing L4M5 Commercial Negotiation L4M6 Supplier Relationships L4M7 Whole Life Assets Management L4M8 Practice in Procurement and Supply
What is an invitation to treat? #L4M3 #L5M3
An invitation to treat is a preliminary step towards making an offer, but it does not lead to the formation of a contract. It is a way of expressing interest or willingness to negotiate, without committing to any specific terms. Judges often have to decide whether a statement or an action is an offer or an invitation to treat, as the distinction can affect the legal rights and obligations of the parties involved. According to the study guide, some examples…
REVIEW CIPS L4M8 EXAM IN JULY, 2023
Are you preparing for the CIPS L4M8 exam? If so, you might want to read this post, where I will analyze the main topics that were asked in the exam and give you some tips on how to answer them. Q1: This question tests your understanding of the Defining need stage in the procurement cycle. You need to explain why it is important to have clearly defined requirements for a given scenario. You can use the benefits of Defining need…
L5M4 – Advanced Contract and Financial Management
Are you ready to take on one of the most challenging and rewarding modules in Level 5? L5M4 – Advanced Contract and Financial Management is a module that covers a wide range of topics and requires a high level of understanding and application. Many students find it hard to grasp and summarize the key topics in this module. But you don’t have to be one of them. You can ace this module with our help. Our learning material offers: Time…
CIPS LEVEL 5 – Managing Contractual Risk (L5M3)
Hello CIPS students, it’s me again. As you know, we’ve been offering Level 4 practice papers on Udemy with very high rating. However, my colleagues and I think that we should not stop at providing practice questions. Ultimately, our mission is to help you become a respected procurement professional, not just a person with CIPS Diploma or Advanced Diploma. Therefore, we roll out this product: The Revision Toolkit. The Toolkit contains short and comprehensible lessons as well as illustration graphs…
CIPS LEVEL 5 – Managing Supply Chain Risk (L5M2)
Hello CIPS students, it’s me again. As you know, we’ve been offering Level 4 practice papers on Udemy with very high rating. However, my colleagues and I think that we should not stop at providing practice questions. Ultimately, our mission is to help you become a respected procurement professional, not just a person with CIPS Diploma or Advanced Diploma. Therefore, we roll out this product: The Revision Toolkit. The Toolkit contains short and comprehensible lessons as well as illustration graphs…
CIPS L4M8 Procurement and Supply in Practice
As you know, L4M8 is the final module for CIPS Level 4 Diploma in Procurement and Supply. To some extent, L4M8 summarises all knowledge from other modules. It should be taken as the last exam. You may need the knowledge from other OR modules to write the essays in this exam. An L4M8 exam has 4 questions, each question represents a learning outcome (or a chapter in your study guide). Usually, L4M8 exam questions contain scenarios and students are required…