As part of understanding assessment criteria one on CIPS L4M3, that is, Analyse the documentation that can comprise a commercial agreement for the supply of goods or services, here are some CIPS L4M3 sample questions invitation to tender or request for quotations. Access more questions and the end of these questions as wells are the …
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Most companies and government agencies use request for proposals (RFPs) to get the vendors or suppliers they need The idea is simple, an organisation has a problem and you as a supplier write a proposal showing how you will solve that problem and how much it will cost to do that But how do you …
CIPS L5M3 Sample questions Elements of a valid contract Remember you access video lesson, downloads and practice exercises on CIPS L5M3 Managing contractual risks here Understanding the elements of a valid contract is important if you want to manage contractual risks. Why is that? A lot of things can go wrong in a commercial agreement …
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THE TRIPLE BOTTOM LINE AND WHY IT MATTERS The current business context is made up of made up of organisations that are more conscious than ever of their social and environmental responsibility Many customers are fine with paying more for products and services if they know that workers who make such are paid a living …
3 types of purchase in procurement you will be dealing with as a procurement professional are straight re-buy, modified re-buy and new buy Remember not every purchase you undertake will follow the steps you see in procurement cycle or even require detailed justification from a business case. For some purchases, detailed analysis will have already …
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How to succeed in negotiations is a question every negotiator worries about. The problem is most people tend to think success in negotiation can be guaranteed by just picking one approach to negotiation and sticking with it. This is not entirely true! In fact, how to succeed in negotiations depends on knowing if there is …
How to identify stakeholders in a business negotiation To identify stakeholders, you first have to know who stakeholders are. Stakeholder analysis which is the process of collecting and assessing information about persons that are likely to affect or be affect by the workings of your organization or project is important. Think about this from a …
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How to do a stakeholder analysis in business Stakeholder analysis which is the process of collecting and assessing information about persons that are likely to affect or be affect by the workings of your organization or project is important. In salary negotiations, for instance, you could be asked how much should we pay you? And …
How to downsell and increase your profits How to downsell is an important aspect when you want to increase your profit especially since not every customer will buy your products or services at the price you are proposing While it’s true that closing a sale is tough, losing one can be way too devastating. And …
How to a find a niche for YOUR ONLINE TRAINING BUSINESS How to a find a niche for your online training business is the first question you need to be finding an answer to if you are interested in making money online. In fact, finding a niche just goes for any training business. This explains …
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