Your videos are absolutely amazing. I just started CIPS, I am preparing my first 2 exams and your videos will be my secret weapon. ;) Thank you so so much for all the time and effort you've put into explaining everything in such an easy to comprehend way, it's impressive. THANK YOU!
Quick question on TCO. Do the acquisition costs include the pre-aquisition costs as I'm sure I read somewhere they aren't included. I can't be certain tho so wanted to check 🙂
@@ProcurementStudyBuddy thank you Terri. Just wasn't sure whether pre acquisition such as tendering costs etc were encompassed within the acquisition costs 🙂
Differences between and purposes of stores/warehouse/stock yard. Central/Regional/Local/International/Outsourced warehouses. Factors of storage - location/cost/staff/land/ transport/structure - single/multo story. How many locations - depends on cost of holding stock v cost of transport - whatever offers lowest overall cost. Light/Temperature/Humidity. Layouts - U shape/Through flow/one way/ABC classification. Handling equipment - forklift/pallet trucks/racking/shelving/drums/totes. Packing/Packing/Labels/Barcodes/RFID/Coding. ISO18000 series.Automation in warehouses. Opening/closing/Work in progress/finished/safety/obsolete/redundant stock. Forecasting - objective v subjective / qualitative v quantitative. Delphi method/moving average/exponential smoothing/weighted average. Bullwhip effect. Stock taking - periodic/fixed order points. EOQ. MRP/MRPII/ERP.JIT/Kanban/BOM/MPS/VMI/ Consignment stock. Value chain. 7 Wastes - TIMWOOD. Pricing - fixed/market/adjustable/ discounted/promotional/volume. Hire v lease. TCO/TCA. Risks of global sourcing - exchange rates/delays/disasters/quotas/tariffs/ethics. GOOD LUCK!!!
Your videos are absolutely amazing. I just started CIPS, I am preparing my first 2 exams and your videos will be my secret weapon. ;)
Thank you so so much for all the time and effort you've put into explaining everything in such an easy to comprehend way, it's impressive.
THANK YOU!
Thank you for taking the time to say thank you. I am glad it has helped you. Best of luck x
Really good video, very useful for a catch-up before the exam, mine is in 30 mins! :)
Glad it helped! good luck
Hello! How soon can we have sample questions and answers on this module. You doing a great job though. Big ups!
There are sample questions on the CIPS website have you seen them?
I see this video's contents are very much on topics of L4M8 L03
That is true there is a lot of overlap on asset management on L4M7 and L4M8
Quick question on TCO. Do the acquisition costs include the pre-aquisition costs as I'm sure I read somewhere they aren't included. I can't be certain tho so wanted to check 🙂
Yes it does include Acquisition Costs. TCA is part of TCO
www.cips.org/knowledge/procurement-topics-and-skills/strategy-policy/whole-life-costing/total-cost-of-ownership-tco/
@@ProcurementStudyBuddy thank you Terri. Just wasn't sure whether pre acquisition such as tendering costs etc were encompassed within the acquisition costs 🙂
Good day i need your help im really battling with this module whats the main focus here scope?
Differences between and purposes of stores/warehouse/stock yard. Central/Regional/Local/International/Outsourced warehouses. Factors of storage - location/cost/staff/land/ transport/structure - single/multo story. How many locations - depends on cost of holding stock v cost of transport - whatever offers lowest overall cost. Light/Temperature/Humidity. Layouts - U shape/Through flow/one way/ABC classification. Handling equipment - forklift/pallet trucks/racking/shelving/drums/totes. Packing/Packing/Labels/Barcodes/RFID/Coding. ISO18000 series.Automation in warehouses. Opening/closing/Work in progress/finished/safety/obsolete/redundant stock. Forecasting - objective v subjective / qualitative v quantitative. Delphi method/moving average/exponential smoothing/weighted average. Bullwhip effect. Stock taking - periodic/fixed order points. EOQ. MRP/MRPII/ERP.JIT/Kanban/BOM/MPS/VMI/ Consignment stock. Value chain. 7 Wastes - TIMWOOD. Pricing - fixed/market/adjustable/ discounted/promotional/volume. Hire v lease. TCO/TCA. Risks of global sourcing - exchange rates/delays/disasters/quotas/tariffs/ethics. GOOD LUCK!!!
@@ProcurementStudyBuddy you are the best.....sending hugs and kisses ❤❤