CIPS L4M7 Whole Life Asset Management
This qualification is the essential toolkit for anyone planning a career in procurement and supply. Developed and written using the Procurement and Supply cycle** as it’s focus, it is at the same level as the first year of an undergraduate degree course.
It’s suitable for those in operational roles or those managing or supervising the procurement and supply function who want to develop their career and work towards MCIPS Chartered Procurement and Supply Professional.
You will learn about making procurement and supply happen within an organisation, and you will be equipped with an essential range of knowledge and tools that you can apply immediately in your workplace. Learn how to apply practical, theoretical and technical knowledge, gain a clear understanding of procurement and supply and develop the ability to address complex, non-routine problems.
The practice test contains carefully crafted questions and answers based on the content of the study guide - these are not passed questions from real CIPS exams as these are no longer issued by CIPS and would be an infringement of copyright. It serves as a revision.
Who this course is for:
Learners who are taking the CIPS Exams for L4M7 Whole Life Asset Management
Learners who wish to pass the CIPS exams.
Learners who want to gain confidence in passing the exams
Anyone who wants to know more about procurement
On completion of this module, learners will be able to explain methods of inventory storage and control and analyse the concept of whole life cost from concept through to disposal.
Who this course is for:
- Anyone planning a career in procurement and supply.
- It’s suitable for those in operational roles or those managing or supervising the procurement and supply function
- It is suitable for those who want to develop their career and work towards MCIPS Chartered Procurement and Supply Professional.
- Those who have completed CIPS Level 3
- Those who are working towards CIPS Level 4
I started in Procurement in 1992 working my way from the bottom up. I decided to study CIPS in 2001 after finding it hard to move up to management roles, even with nearly 10 years experience. It was the best thing I ever did and really accelerated my career. I became a CIPS lecturer in 2016 with a qualified mentor supporting me, then a year later, I completed a masters in Teaching and Academic practice, making me fully qualified to teach. With all this combined, my aim is to help the student CIPS community to achieve their goals.
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