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    L6M2 PM Report External May 21

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    KEVIN OKINDA
    This document summarizes a report on exam results for a May 2021 professional diploma in procurement and supply module. It addresses four learning outcomes: 1) understanding commercial global strategy, 2) global supply chain challenges like modern slavery, 3) strategy formulation and implementation, and 4) financial aspects of procurement. For each outcome, it describes the exam question and provides feedback on strong and weak student answers, noting that better responses demonstrated understanding of key concepts while weaker ones lacked definitions or relevance.

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    L6M2 PM Report External May 21

    Uploaded by

    KEVIN OKINDA
    198 views2 pages
    This document summarizes a report on exam results for a May 2021 professional diploma in procurement and supply module. It addresses four learning outcomes: 1) understanding commercial global strategy, 2) global supply chain challenges like modern slavery, 3) strategy formulation and implementation, and 4) financial aspects of procurement. For each outcome, it describes the exam question and provides feedback on strong and weak student answers, noting that better responses demonstrated understanding of key concepts while weaker ones lacked definitions or relevance.

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    This document summarizes a report on exam results for a May 2021 professional diploma in procurement and supply module. It addresses four learning outcomes: 1) understanding commercial global strategy, 2) global supply chain challenges like modern slavery, 3) strategy formulation and implementation, and 4) financial aspects of procurement. For each outcome, it describes the exam question and provides feedback on strong and weak student answers, noting that better responses demonstrated understanding of key concepts while weaker ones lacked definitions or relevance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    198 views2 pages

    L6M2 PM Report External May 21

    Uploaded by

    KEVIN OKINDA
    This document summarizes a report on exam results for a May 2021 professional diploma in procurement and supply module. It addresses four learning outcomes: 1) understanding commercial global strategy, 2) global supply chain challenges like modern slavery, 3) strategy formulation and implementation, and 4) financial aspects of procurement. For each outcome, it describes the exam question and provides feedback on strong and weak student answers, noting that better responses demonstrated understanding of key concepts while weaker ones lacked definitions or relevance.

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    © All Rights Reserved
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    CIPS Principal Marker (External) Report:

    Qualification: Professional diploma in procurement and supply


    Module: L6M2
    Exam series: May 2021
    Date of completion: 25th June 2021

    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:
    The question addressed learning outcome 1.0: Understand and apply the concept of commercial global
    strategy in organisations.
    Based on a case study, learners were required to identify areas for assessment when establishing an
    organisation’s strategic position. Better candidates explained the concept of strategic position and
    identified the correct number of relevant areas for assessment. Weaker answers failed to demonstrate an
    understanding of the term ‘strategic position’ instead concentrating on suggesting different marketing
    strategies to be adopted. Many answers were supported by relevant models such as STEEPLED, SWOT and
    Porters Industry competition analysis.
    Learning Outcome 2:
    The question addressed learning outcome 2.0: Understand and apply tools and techniques to address the
    challenges of global supply chains.
    This question gave candidates the opportunity to demonstrate the knowledge of the risks of ‘Modern Slavery’
    in supply chains. In the main a good definition of ‘Modern Slavery’ was provided with 3 or 4 relevant aspects
    that could be implemented to reduce risk in supply chains. Better answers explained how these risks could
    be mitigated such as spot visits, contractual terms, whistleblowing and so on.
    Those candidates who did not score well, poorly defined ‘Modern Slavery’ and then proceeded to provide
    policies, processes or activities that did not address the risk of modern slavery in supply chains.
    Learning Outcome 3:
    The question addressed learning outcome 3.0: Understand strategy formulation and implementation.
    This question gave candidates the opportunity to demonstrate an understanding of market development as
    a strategic direction.
    Many candidates used the quartile from Ansoff Matrix as the basis to answer this question. Use of relevant
    theory at this level will usually be rewarded.
    Supply chain activities were key to a good answer by briefly explaining areas of market development with
    reference to supply chain activity that could support this.

    L6M2_PM EXTERNAL REPORT May 21

    Leading global excellence in procurement and supply


    Learning Outcome 4:
    The question addressed learning outcome 4.0: Understand financial aspects that affect procurement and
    supply.
    This question focused on the use of a Contract for Difference (CFD).
    Unfortunately, a number of papers failed to show an understanding of how CFDs work or alternatively
    explaining how futures and forward contracts work.
    Where the working of this derivative were correctly explained the responses were extremely limited in
    content and therefore provided insufficient evidence of understanding to gain a pass grade.

    L6M2_PM EXTERNAL REPORT May 21

    Leading global excellence in procurement and supply

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