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 L4M1 questions. We provide CIPS practice questions with answers and detailed explanation, besides they are updated regularly to reflect the actual exam. If you want to consolidate your knowledge before the exam, you can…
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. Factors influencing the location of warehouse Barcoding RFID: features, usage, benefits and disadvantages Warehouse equipment Pallet Automation in warehousing: AGV Types of inventories: materials, work-in-progress, finished product Dependent and independent stock ABC classifications Obsolescent and redundant stock: how to mitigate the risk of obsolescence? Costs of inventory The use of MRP and ERP…
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…
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:…
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:…
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…
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…
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. We provide CIPS practice questions with answers and detailed explanation, besides they are updated regularly to reflect the actual exam. If you want to consolidate your knowledge before the exam, you can…