What you'll learn
Understand L4M1 key learning areas which will be asked a lot in the exam
Know how to answer a constructed response question regarding CIPS format
Experience the questions as the real exam
Explain the hidden knowledge in the study guide
Requirements
Anyone who is working in procurement or studying CIPS Level 4 Diploma in Procurement and Supply
Description
Hello my student, you are reading the material that we design specifically for anyone enrolling our L4M1 Practice Test and Short Learning Guide. What will be included in the revision package:A Revision Video of L4M1 Scope and Influence of Procurement and Supply. The video lasts about 80 minutes which provides an L4M1 overview and common exam questions.Practice Questions with very detailed answer templates. You will know how to answer a constructed response question regarding CIPS format so that you are are able to get the highest mark in exam. The short learning guide that provides explanation of ker learning areas in L4M1. L4M1 is a CR module, which means that the exam questions tend to focus on specific topics. Therefore, in this document, we split the study guide into different subjects based on the recent exam questions.We know that learning CIPS is an arduous journey with knowledge and exams. Therefore, we would like to facilitate your study. This revision package will help you to familiarise yourself with L4M1 common topics and exam questions. I hope that you find it helpful and informative.If you have any concerns regarding the module, please feel free to contact us via message box. We are ready to support you!Sincerely thanks.
Overview
Section 1: Overview of L4M1
Lecture 1 Overview of L4M1
Section 2: Chapter 1: The added value of procurement and supply
Lecture 2 Topic 1: Five Rights of Procurement
Lecture 3 Topic 2: Direct and Indirect Expense
Lecture 4 Topic 3: CAPEX vs OPEX
Lecture 5 Topic 4: Stock vs Non-stock purchase
Lecture 6 Topic 5: Product vs Service
Lecture 7 Topic 6: Supply chain management approach
Section 3: Chapter 2: Key steps in procuring goods and services
Lecture 8 Topic 7: CIPS Procurement and Supply Cycle
Lecture 9 Topic 8: Electronic systems
Lecture 10 Topic 9: Structured sourcing process
Section 4: Chapter 3: Procurement governance
Lecture 11 Topic 10: Governance in procurement
Lecture 12 Topic 11: MRP and ERP
Section 5: Chapter 4: Procurement in different sectors
Lecture 13 Topic 12: Public sector procurement
Lecture 14 Topic 13: Private sector procurement
Anyone who is pursuing CIPS Level 4 Qualification


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