CIPS L3M1 Exam Topics
CIPS L3M1 Exam Overview :
| Exam Name: | Procurement and Supply Environments |
| Exam Code: | L3M1 |
| Certifications: | CIPS Level 3 Advanced Certificate in Procurement and Supply Operations Certification |
| See Expected Questions: | CIPS L3M1 Expected Questions in Actual Exam |
CIPS L3M1 Exam Objectives :
| Section | Objectives |
|---|---|
| 1. Learn about the different sectors within procurement and supply. | Describe the various categories and roles of the private sector. Elaborate on the role and breadth of procurement and supply within the private sector. Elaborate on the role and breadth of procurement and supply within the public sector. Define the responsibilities and range of procurement and supply activities in third-sector organizations. |
| 2. Gaining Understanding of Pricing Strategies in Commercial Agreements | Describe how pricing mechanisms are utilized in commercial agreements to maintain effective price and cost management. |
| 3. Familiarize Yourself with the External Factors and Their Effects on Procurement and Supply. | Determine the influence of the external context on procurement and supply. Describe the impact of economic considerations on procurement and supply activities. Explain the effects of political and legislative factors on procurement and supply. Elucidate the consequences of environmental and ethical criteria on procurement and supply. Explain the effects of social factors on procurement and supply. |
| 4. Comprehend protocols governing procurement and supply. | Describe the application of documented policies and procedures in procurement and supply activities. |
| Official Information | https://www.cips.org/qualifications/procurement-certificate-advanced/procurement-and-supply-environments/ |
Updates in the CIPS L3M1 Exam Topics:
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