CIPS L4M5 - Commercial Negotiation

CIPS L4M5 Actual PDF
  • Exam Code: L4M5
  • Exam Name: Commercial Negotiation
  • Updated: Jun 16, 2026
  • Q & A: 387 Questions and Answers
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CIPS L4M5 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Costing methods such as absorption, marginal or variable and activity-based costing
  • Know how to prepare for negotiations with external organisations
Topic 2
  • How purchasers can improve leverage with suppliers
  • The importance of power in commercial negotiations
Topic 3
  • Setting targets and creating a
  • Collaborative win-win integrative approaches to negotiations
Topic 4
  • Identify the different types of relationships that impact on commercial negotiations
  • Pragmatic and principled styles of negotiation
Topic 5
  • Building relationships based on reputation, and trust
  • Repairing a relationship
  • The relationship spectrum
Topic 6
  • Setting objectives and defining the variables for a commercial negotiation
  • Use of telephone, teleconferencing or web-based meetings
Topic 7
  • How behaviours should change during the different stages of a negotiation
  • Compare the key communication skills that help achieve desired outcomes
Topic 8
  • Team management and the influence of stakeholdebest alternative to a negotiated agreement (BATNA)rs in negotiations
  • Definitions of commercial negotiation

Reference: https://www.cips.org/learn/qualifications/diploma-in-procurement-and-supply/commercial-negotiation-l4m5/

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