Practice question for CIPS L4 Procurement (M5,6,7,8) Exams

FREE ONLINE LECTURE ON YOUTUBECIPS L4 Procurement (M5,6,7,8) ExamsCommercial Negotiation (L4M5) 1.0 Understand key approaches in the negotiation of commercial agreements with external organisations 2.0 Know how to prepare for negotiations with external organisations 3.0 Understand how commercial negotiations should be undertaken Supplier Relationships (L4M6) 1.0 Understand the dynamics of relationships in supply chains 2.0 Understand processes and procedures for working successfully with stakeholders 3.0 Understand the concept of partnering Whole-Life Asset Management (L4M7) 1.0 Understand methods for the storage and movement of inventory2.0 Understand the key elements of effective inventory control3.0 Understand the concept of whole-life costing Procurement and Supply in Practice (L4M8) 1.0 Demonstrate the application of the procurement cycle 2.0 Demonstrate the application of the stages of the procurement process 3.0 Demonstrate the application of whole life-asset management 4.0 Demonstrate the application of environmental, social and governance principles in a range of sectors and industriesKey Exam InformationStructure: Eight modules, each worth 60 credits.Assessment Method:Objective Response (OR): 1.5-hour, multiple-choice exams for 6-credit modules.Constructed Response (CR): 3-hour, essay-style exams for 12-credit modules.Pass Rates: 70% for OR exams, 50% for CR exams.Exam Timing: Five sessions are available annually.Study Time: ~600 hours total (250 guided, 335 self-study).Delivery: Available at CIPS Regi