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CIPS L4M5 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Differentiate between the types of approaches that can be pursued in commercial negotiations
  • Distributive win-lose, distributive approaches to negotiation
Topic 2
  • Macroeconomics and its influence on commercial negotiations
  • Contrast the economic factors that impact on commercial negotiations
Topic 3
  • Team management and the influence of stakeholdebest alternative to a negotiated agreement (BATNA)rs in negotiations
  • Definitions of commercial negotiation
Topic 4
  • Analyse the application of commercial negotiations in the work of procurement and supply
  • Negotiation in relation to the stages of the sourcing process
Topic 5
  • Organisational power: comparing the relative power of purchasers and suppliers
  • Explain how the balance of power in commercial negotiations can affect outcomes
Topic 6
  • Setting objectives and defining the variables for a commercial negotiation
  • Use of telephone, teleconferencing or web-based meetings
Topic 7
  • Identify the different types of relationships that impact on commercial negotiations
  • Pragmatic and principled styles of negotiation

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

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