L5M4 LO4 Revision Tips

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  • Опубликовано: 17 ноя 2024

Комментарии • 21

  • @peterrush543
    @peterrush543 3 года назад +2

    Another great video, thanks

  • @eugeneeugenius5249
    @eugeneeugenius5249 3 года назад +1

    Thanks for this.... Watching from Nairobi.

    • @ProcurementStudyBuddy
      @ProcurementStudyBuddy  3 года назад

      Thanks for watching and good luck with exams. I uploaded a question and answer video for L5M4 today. ruclips.net/video/eMPEAyjRy6c/видео.html

    • @eugeneeugenius5249
      @eugeneeugenius5249 3 года назад +1

      @@ProcurementStudyBuddy Thanks so much.... The answers provided a good support. You are the best!!!

    • @ProcurementStudyBuddy
      @ProcurementStudyBuddy  3 года назад

      @@eugeneeugenius5249 Thanks so much for the feedback. Appreciated x

    • @ghostfaceone
      @ghostfaceone 17 дней назад +1

      @@ProcurementStudyBuddy Did you decide to remove this type of video, where you analyze questions, answers, and potential questions?

    • @ProcurementStudyBuddy
      @ProcurementStudyBuddy  13 дней назад +1

      @@ghostfaceone Yes I dont publish them anymore and support students on a 121 basis instead

  • @patriciaboatemahbonir3789
    @patriciaboatemahbonir3789 4 года назад +1

    Hi there! Any plans to provide L6 modules?

  • @juliasacher
    @juliasacher 2 года назад +1

    I'm sitting this exam soon, would you provide any tips please?

    • @ProcurementStudyBuddy
      @ProcurementStudyBuddy  2 года назад +3

      Q1 - is likely to be about advantages and challenges of e-systems, integration across the supply chain, approaches or techniques of supplier development
      Q2 - is likely to be about selection criteria for sourcing, advantages and disadvantages of sole sources / multi sourcing or direct negotiation v competitive tenders
      Q3 - is likely to be about financial objectives of public, private or third sector, project funding including risks, sources (bonds, loans, equity) or foreign exchange services
      Q4 - is likely to be about performance measures (cost, time, processing, quality, satisfaction), benchmarking process or types, or the ratios
      Always add theory where appropriate or examples from your own place of work or a well known company like Apple, Amazon or Tesco..

    • @ProcurementStudyBuddy
      @ProcurementStudyBuddy  2 года назад +3

      Are you sitting L5M4 next week? here are some questions you could be asked. Think about how you might frame an answer to these
      1. Discuss the advantages and challenges of e-systems integration across supply chains
      2. Evaluate the approaches or techniques of supplier development
      3. Describe 5 innovative supply chain approaches
      4. Analyse 5 selection criteria for sourcing an external supplier
      5. Outline FOUR advantages and FOUR disadvantages of single sourcing
      6. Outline FOUR advantages and FOUR disadvantages of multi sourcing
      7. Explain Direct Negotiation and Competitive Tendering with advantages and disadvantages of each
      8. Describe the financial objectives of Private, Public & Third Sector organisations
      9. Describe project finding and risks in 3 major project funding sources
      10. Discuss services provided by the banking sector in foreign exchange
      11. Describe performance measures in cost, timescales, processing, quality & satisfaction
      12. Describe what is meant by benchmarking and describe a benchmarking process
      13. Explain the magic 6 ratios

    • @juliasacher
      @juliasacher 2 года назад +1

      @@ProcurementStudyBuddy yes next week, massive thank you for the above response

    • @babyinbootsbeth
      @babyinbootsbeth 8 месяцев назад

      @procurementstudybuddy are these the general likely questions or something different for this exam season coming up?

  • @sandyposhudi6881
    @sandyposhudi6881 Год назад +1

    Any tips for the May exam?

  • @lloydbeeney7220
    @lloydbeeney7220 3 года назад +1

    Any tips for this exam?