CIPS Diploma L4M5 (Core): Commercial Negotiation

Description

This is a core module in the Diploma in Procurement and Supply. The questions are developed from the published CIPS Book (copyright @CIPS 2023). Students are likely to get the following benefits from this course:

· 143 unique questions.

· Total 06 practice tests

· 05 practice test from Learning Outcomes (83 questions)

· 01 mock test (60 questions).

· Self assessment.

· Questions were prepared proportionately from every learning outcome.

· Explanations have been prepared meticulously.

· Reference paragraph and page no. are given in the explanation.

· Hopefully it will help you to ace your CIPS exam in 1st attempt.

· Updated to the current syllabus.

The creation of formalized agreements is a critical part of the success of any organization. It is of the utmost importance for the professionals involved in procurement and supply activities to have the necessary skills for effective negotiation with stakeholders and/or suppliers and to understand the methods associated with preparing for and carrying out commercial negotiations.

Upon completion of the six practice tests based on this module, learners will be able to assess their level of preparation for passing the CIPS exam. The questions have been designed according to the CIPS question format so that participants have a real-life experience of the actual CIPS exam. In reality, after passing this module, learners will be able to identify approaches to successfully achieving, negotiated commercial agreements with external organizations.

After completion of a practice test, participants will know their scores immediately, and they will understand their level of preparation for the Learning Outcome on which they have taken the test. Participants will find elaborate explanations (with graph, chart, table, link, etc.) for every question as to why the answer choice is correct. For ease of understanding, the instructor incorporates the page number of the CIPS Module Book from which the question was asked along with the relevant Learning Outcome.

What You Will Learn!

• Understand key approaches in the negotiation of commercial agreements with external organizations.
• Know how to prepare for negotiations with external organizations.
• Understand how commercial negotiations should be undertaken
• Understand how to assess the process and outcomes of negotiations to inform future practice

Who Should Attend!

• Anyone planning a career in procurement and supply.

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