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L4M1 May exam Review and Comment

L4M1 May exam Review and Comment

L4M1 May exam had 4 questions. According to the Principal Marker Report, the respective topics are: Question 1: Procurement and Supply chain management This topic covers the definitions, objectives, and benefits of procurement and supply chain management. Procurement is the strategic function that oversees the purchasing and management of inputs for an organization. It involves activities such as identifying needs, selecting suppliers, negotiating contracts, ordering goods and services, and evaluating performance. Supply chain management is the strategic activity that coordinates…

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FOCUS AREAS OF LEVEL 4

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

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

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