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    L6M2 External Report Jan 21

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    KEVIN OKINDA
    This document summarizes a report on exam results for a Professional Diploma in Procurement and Supply module on global commercial strategy. It discusses four learning outcomes on global strategy concepts, global supply chain challenges, strategy formulation and implementation, and financial aspects affecting procurement. For each outcome, it provides examples of questions asked and highlights what distinguished stronger from weaker answers, such as using recognized theory and tools to methodically address questions.

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    L6M2 External Report Jan 21

    Uploaded by

    KEVIN OKINDA
    139 views1 page
    This document summarizes a report on exam results for a Professional Diploma in Procurement and Supply module on global commercial strategy. It discusses four learning outcomes on global strategy concepts, global supply chain challenges, strategy formulation and implementation, and financial aspects affecting procurement. For each outcome, it provides examples of questions asked and highlights what distinguished stronger from weaker answers, such as using recognized theory and tools to methodically address questions.

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    L6M2 External report Jan 21

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    This document summarizes a report on exam results for a Professional Diploma in Procurement and Supply module on global commercial strategy. It discusses four learning outcomes on global strategy concepts, global supply chain challenges, strategy formulation and implementation, and financial aspects affecting procurement. For each outcome, it provides examples of questions asked and highlights what distinguished stronger from weaker answers, such as using recognized theory and tools to methodically address questions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    139 views1 page

    L6M2 External Report Jan 21

    Uploaded by

    KEVIN OKINDA
    This document summarizes a report on exam results for a Professional Diploma in Procurement and Supply module on global commercial strategy. It discusses four learning outcomes on global strategy concepts, global supply chain challenges, strategy formulation and implementation, and financial aspects affecting procurement. For each outcome, it provides examples of questions asked and highlights what distinguished stronger from weaker answers, such as using recognized theory and tools to methodically address questions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    CIPS Principal Marker (External) Report:

    Qualification: Professional diploma in procurement and supply


    Module: L6M2 Global Commercial Strategy
    Exam series: Jan 21
    Date of completion: 2nd Feb21

    These reports are designed to help tutors and learners understand the common trends presented by both
    strong and weaker answers in relation to the module for the given exam series.

    Learning Outcome 1
    Understand and apply the concept of commercial global strategy in organisations.
    This question related to positioning and the tools that can be used to analyse this. Candidates who
    methodically reviewed each of the areas outlined in the question, using recognised theory and tools, fared
    well.

    Learning Outcome 2
    Understand and apply tools and techniques to address the challenges of global supply chains.
    This question allowed candidates to review the regulatory framework in global supply chains, either with
    discussion of many in less detail or one or two in more depth. WTO, UN, EU regulations, National and
    employment regulations, competition law, employment, environmental, tariffs, quotas, duties, and ethical
    regulations were all valid, as were many more.
    Learning Outcome 3
    Understand strategy formulation and implementation.
    With reference to a short scenario this question required an explanation of successfully implementing a
    new supply chain strategy. The question was answered well looking at the strategic process including
    rational and emergent aspects, change management, risk, top management support, evaluation of options,
    strategic alignment and drift, leadership, resource allocation, hierarchy of objectives and so on. Models
    such as STEEPLE, Porters 5 forces, Ansoff and BSG were popular and valid content.

    Learning Outcome 4
    Understand financial aspects that affect procurement and supply.
    This question gave candidates the opportunity to demonstrate their knowledge of methods for mitigating
    currency risks. Approaches such as currency accounts, fixing/pegging rates, future and forward, spot, CFDs,
    hedging, fixed rates, swaps and many other derivative type instruments were valid. Most answers focused
    on financial mitigations, and many confused forward (bicontract) and futures (exchanges and regulated) for
    example.

    L6M2_PM EXTERNAL REPORT Jan 21

    Leading global excellence in procurement and supply

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