CIPS L4M1 Module: Scope & Influence on Procurement & Supply

Description

This is a core module in the Diploma in Procurement and Supply.

The questions are developed from the published CIPS Book (copyright @CIPS 2023). Students are likely to get the following benefits from this course:

· 16 unique questions with suggested answer content rather than a model answer.

· Solution of 38 similar questions.

· Self assessment.

· Questions were prepared proportionately from every learning outcome.

· Suggested answers have been prepared meticulously.

· Learning outcome of each question has been mentioned with the answer

· Hopefully it will help the learner to ace their CIPS exam in 1st attempt.

· Updated to the current syllabus.

After completing this course, learners will be able to identify the key stakeholders in the application of the sourcing process and analyse the procurement cycle, evaluating the influence that procurement and supply has as a source of added value for the organisation.

In any organisation, a significant proportion of costs are accounted for by the purchases of products and/or services, hence organisations see procurement and supply as a key contributor to their value- added strategies. Equally, any organisation will also be managing the supply of products and/or services to their customers, be they internal or those from other external organisations, consumers or the general public.

This module is designed using the CIPS Procurement Cycle. It will provide those who are interested in developing an informed awareness of different perspectives or approaches within the discipline, an overview of the key stages associated with procurement and supply and will serve as an introduction for those who are expected to address complex well-defined procurement and supply problems that are non-routine in nature.

The module also serves as the initial study for learners who are embarking on the CIPS Level 4 Diploma in Procurement and Supply, hence coverage is limited to the definition of concepts and ideas as well as to the terminology used in procurement and supply, rather than detailed analysis, evaluation and practical application which will be a feature of later CIPS level 4 modules.

What You Will Learn!

• Understand and analyse the added value that can be achieved through procurement and supply chain management
• Understand and analyse the key steps when procuring goods or services
• Understand and analyse aspects of organisational infrastructure that shape the scope of procurement and supply chain functions
• Understand and analyse the need for compliance with requirements when undertaking procurement in different sectors

Who Should Attend!

• Anyone planning a career in procurement and supply.

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