Very helpful as always, thank you. Just FYI and for anyone else reading, there is an error on slide 3.3 at 31:52 - The description of a futures contract correctly states that a particular price (strike price) is agreed, but then goes on to contradict this in the second sentence to say that the price is unknown until the day of exchange. This is incorrect as the purpose of a futures contract is to lock in a known price that does not change even if the market rate changes by the agreed buy/sell date.
L5M4 I would say know your costs (fixed, variable, semi-variable, direct, indirect). Markup -v- Margin. Exchange rates. KPI's (cost, quality, time) and the use of data in KPIs (primary, secondary, objective, subjective, quantitative, qualitative). Cross functional working. Industry dynamics. Porters Forces and Porters Generic Strategies (differentiation v cost focus). STEEPLE. Supply/Demand. Contract types (fixed term, spot). Negotiation v competition including eSourcing and eAuctions. Methods to manage international transactions (fixed/floating exchange rates, spot, forward or derivative instruments, futures & hedging). Financial measures (ROI). Balanced Scorecards. Gap Analysis and Benchmarking (functional, internal, external, competitor).
I am about to attempt this exam on wed. You explained this module so easily. Wish me luck. This will be my 4th attempt. Hopefully it will be my last and i can go on to level 6.
Good Luck 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
Very helpful as always, thank you. Just FYI and for anyone else reading, there is an error on slide 3.3 at 31:52 - The description of a futures contract correctly states that a particular price (strike price) is agreed, but then goes on to contradict this in the second sentence to say that the price is unknown until the day of exchange. This is incorrect as the purpose of a futures contract is to lock in a known price that does not change even if the market rate changes by the agreed buy/sell date.
Thanks for letting me know Mike
Great video, cheers
Glad you enjoyed it
Thank you. This is so helpful
Glad it was helpful!
Your videos have helped me so much. I really appreciate you. Any tips of past exam papers for L5M4 and M1 and how to answer the questions?
L5M1 I would say know your motivational theories (Hertzberg, Maslow, McGregor). Classical approaches to behaviour Scientific, Bureaucratic, Administration). Postmodernism. What shapes an organisation (people, groups). The cultural web. Diversity. Knowledge (explicit, tacit). Belbin individual roles. Tuckman team formation (forming, storming, norming, performing). Stakeholders. Building relationships & rapport. Job Descriptions, enrichment, empowerment. Interviewing techniques. Change management (Lewins)
L5M4 I would say know your costs (fixed, variable, semi-variable, direct, indirect). Markup -v- Margin. Exchange rates. KPI's (cost, quality, time) and the use of data in KPIs (primary, secondary, objective, subjective, quantitative, qualitative). Cross functional working. Industry dynamics. Porters Forces and Porters Generic Strategies (differentiation v cost focus). STEEPLE. Supply/Demand. Contract types (fixed term, spot). Negotiation v competition including eSourcing and eAuctions. Methods to manage international transactions (fixed/floating exchange rates, spot, forward or derivative instruments, futures & hedging). Financial measures (ROI). Balanced Scorecards. Gap Analysis and Benchmarking (functional, internal, external, competitor).
This is a good channel with some useful videos for L5M1 th-cam.com/channels/2tSqHvaHtmYl6XYBD9fJhg.htmlvideos
@@ProcurementStudyBuddy thanks a million
@@puritygwizi2018 Hope it can help you
I am about to attempt this exam on wed. You explained this module so easily. Wish me luck. This will be my 4th attempt. Hopefully it will be my last and i can go on to level 6.
Good Luck
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
"you will never run the risk of a truckload of lean hogs being delivered to your doorstep" :D
Good to know
@@ProcurementStudyBuddy love the example ;)