About CIPS L4M5 Exam

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CIPS L4M5 Exam Syllabus Topics:

Topic	Details
Topic 1	Building relationships based on reputation, and trust Repairing a relationship The relationship spectrum
Topic 2	Identify the different types of relationships that impact on commercial negotiations Pragmatic and principled styles of negotiation
Topic 3	Macroeconomics and its influence on commercial negotiations Contrast the economic factors that impact on commercial negotiations
Topic 4	Costing methods such as absorption, marginal or variable and activity-based costing Know how to prepare for negotiations with external organisations
Topic 5	Setting targets and creating a Collaborative win-win integrative approaches to negotiations
Topic 6	Setting objectives and defining the variables for a commercial negotiation Use of telephone, teleconferencing or web-based meetings
Topic 7	Analyse the application of commercial negotiations in the work of procurement and supply Negotiation in relation to the stages of the sourcing process

Reference: https://www.cips.org/learn/qualifications/diploma-in-procurement-and-supply/commercial-negotiation-l4m5/

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