Name: L4M3 Exam Simulation: CIPS Commercial Contracting & L4M3 Study Guide Materials
Brand: CIPS
SKU: DPESP4SA1F4F1615D62CC77
Price: 59.98 USD
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CIPS L4M3 Exam Syllabus Topics:

Topic	Details
Topic 1	Whole-Life Asset Management (L4M7): Targeted at Inventory Controllers, this module explains inventory storage, movement, and control. It breaks down asset lifecycle costing, forecasting methods, inventory classifications, and warehousing technologies. Learners also assess the environmental and financial factors tied to long-term asset ownership and disposal.
Topic 2	Supplier Relationships (L4M6): Designed for Vendor Relationship Officers, this unit investigates supply chain relationship models and the tools needed to build strong partnerships. Learners explore competitive influences, team dynamics, stakeholder management, conflict resolution, and reasons partnerships fail. It emphasises trust, communication, and performance review processes.
Topic 3	Ethical and Responsible Sourcing (L4M4): This module targets Compliance Specialists and focuses on responsible supplier selection. It looks into sourcing options, financial evaluations, pre-contract activities, award criteria, and the importance of sustainability, governance, and ethical considerations, both domestically and internationally. Learners also explore audit mechanisms and environmental strategies.
Topic 4	Commercial Contracting (L4M3): Aimed at Contract Managers, this module explores the legal and structural elements of formal contracts. It includes content on contract types, specifications, key clauses, KPIs, pricing methods, and risk areas in contract law. It helps learners understand the legal foundation required for clear and enforceable agreements with suppliers.
Topic 5	Defining Business Need (L4M2): Designed for Sourcing Analysts, this section explores how to create a solid business case when sourcing externally. It includes market evaluation, pricing strategies, budgeting models, and competitive forces across different sectors. The module also highlights the importance of detailed specifications and how these impact supplier decisions and risk management.
Topic 6	Procurement and Supply in Practice (L4M8): For Procurement Specialists, this capstone module consolidates all other units, applying theory to real workplace settings. Learners demonstrate the full procurement cycle, from pre- to post-contract phases, supplier performance measurement, whole-life costing, and ESG (environmental, social, governance) practices across industries and sectors.

Reference: https://www.cips.org/qualifications/diploma-in-procurement-supply/commercial-contracting/

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