Cips L4M8 Procurement And Supply In Practice (2023)

Who is it for? This qualification is the essential toolkit for anyone planning a career in procurement and supply. Deve

What you'll learn

LO1 Demonstrate the application of the procurement cycle

LO2 Demonstrate the application of the stages of the procurement process

LO3 Demonstrate the application of whole life-asset management

LO4 Demonstrate the application of environmental, social and governance principles in a range of sectors and industries

Requirements

A minimum of at least two A-levels (or international equivalent)

Or CIPS Level 3 Advanced Certificate qualification

Minimum of two years’ relevant experience in a business environment.

Description

Who is it for?This qualification is the essential toolkit for anyone planning a career in procurement and supply. Developed and written using CIPS 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.What will I learn?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. On completion, you will be able to analyse, interpret and evaluate relevant information and ideas and have an informed awareness of differing perspectives and approaches within the profession. You will also be able to review the effectiveness and appropriateness of methods, actions and results.Entry requirementsThis is the only entry point onto our Diploma qualifications. A minimum of at least two A-levels (or international equivalent) or a CIPS Level 3 Advanced Certificate qualification is required. Alternatively, you will need a minimum oftwo years’ relevant experience in a business environment.Module purposeOn completion of this module, learners will be able to demonstrate the practical application of the procurement cycle in an integrated manner, within a workplace context. This module is designed as a summary module, drawing on the knowledge and skills developed in M1 to M7 and applying these in a work context.Module aim(s)Procurement is the business function that ensures identification, sourcing, access and management of external resources that an organisation needs or may need to successfully fulfil its strategic objectives. It exists to explore supply market opportunities and to implement resourcing strategies that deliver the best possible supply outcomes to the organisation, its stakeholders and customers. In today’s volatile global trading environments, it is not enough for procurement and supply professionals to simply know the theory behind their profession; they must also be in a position to confidently and effectively apply that knowledge to the benefit of the whole organisation, its stakeholders and customers. This module is designed to test the practical application of procurement and supply concepts and ideas within the practical environments in which professionals are expected to perform.x

Overview

Section 1: Lectures and Practice Questions

Lecture 1 L4M8 LO1 Demonstrate the application of the procurement cycle

Lecture 2 L4M8 LO2 Demonstrate the application of the stages of the procurement process

Lecture 3 L4M8 LO2 - Financial Ratios

Lecture 4 L4M8 LO2 - INCOTERMS

Lecture 5 L4M8 LO3 Demonstrate the application of whole life-asset management

Lecture 6 L4M8 LO4 Demonstrate the application of environmental, social and governance pri

Lecture 7 Additional Material

Anyone planning a career in procurement and supply.,Student who have completed CIPS Level 3 Advanced Certificate qualification,Anyone 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.