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: buyer’s and supplier’s bargaining power
• The use of conformance and performance specification
• Common ISO Standards
• Risks of over- and under-specification
• Roles of standardisation, value analysis, value engineering
• Differences between value analysis and value engineering
• Stakeholders’ roles in specification development.

Prepare for your exam with our practice tests. They are on BIG SALE with just a half of normal price

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 Relationship

L4M7: Whole Life Assets Management

L4M8: Procurement and Supply in Practice