Introducing Procurement and Supply (L2M1)
In any organisation, many of the costs are related to the purchases of products and/or services. Any organisation will also be supplying products and/or services to their customers. This module is designed to provide an overview of the tasks associated with the procurement and supply chain function. It is designed for those who are interested in developing their knowledge of procurement and supply and for those who are new to this field of work. The module serves as the initial study for learners who are embarking on the CIPS Level 2 Certificate in Procurement and Supply Operations.
- 60 hours of module learning time
- 6 Course credits
- Total exam time of 2 hours
Module One - Curriculum
The first module “Introducing Procurement and Supply” in the CIPS Level 2 Certificate course comprises six sections focused on introductions to concepts and ideas as well as the terminology used in procurement and supply.
- 1.1 Identify the common terms that describe aspects of procurement and supply - Definitions of common terms such as procurement, purchasing, buying, supply chain, materials management, distribution, logistics, and contract management; Definitions of different types of procurements such as capital and revenue purchases, products, services, direct and indirect, outsourcing and insourcing; Three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary).
- 1.2 Explain the roles and benefits of procurement and supply in organisations - The typical proportion of costs accounted for by procurement of goods and services; The roles of procurement and supply and procurement professionals; Achieving value for money; Sustainability in procurement and supply; The roles of staff with devolved responsibilities for procurement of goods and services; The roles of procurement and supply staff in making expenditures with suppliers; The tiers of a supply chain.
- 1.3 Define components of a supply chain - Customers and their customers; Customers and consumers; Suppliers and their use of suppliers; Tiers of a supply chain; The global aspects of supply chains; Examples of supply chains in action.
- 2.1 Identify how effective procurement impacts on organisational efficiency - How effective procurement impacts on profitability; Creating savings and improving efficiency; Budgets and budget monitoring; How effective procurement helps achieve targets; Total costs of ownership criteria or whole life costs; The different objectives of a procurement and supply function; The creation of centralised, devolved and lead buying structures of procurement and supply functions.
- 2.2 Define the five rights of procurement and supply - The five rights of procurement and supply; Price, total cost, quality, timing, quantity and place; Defining value for money.
- 3.1 Identify the delivery of products and services made by external suppliers - The need for supplies of products and services from external suppliers; Outsourced services; Seeing suppliers as a part of a supply chain.
- 3.2 Identify the delivery of products and services that organisations make to customers - Defining products and services; The customer role; Seeing customers as a part of a supply chain.
- 5.1 Describe and explain effective and efficient administration - Defining administration; Reviewing the steps taken to forming agreements made with suppliers; Defining effectiveness and efficiency.
- 5.2 Describe and explain effective and efficient administration - The creation of requisitions and requirements; The use of specifications, key performance indicators(KPIs) and contract terms; The creation of requests for quotations or invitations to tender; The use of prequalification questionnaires; The submission of quotations or tenders for requirements; The assessment of quotations and tenders.
- 5.3 Describe the administration of the award and post-award stages of a sourcing process - The creation of orders or tender award documentation; Delivery notes and order acknowledgments; Receiving invoices; Invoice matching and dealing with non-compliance.
- 5.4 Explain the need for approvals in the administration of procurement and supply - Typical procedures for authorising budgets, requisitions, orders, and tenders; The separation of duties; Contract recommendation and authorisation; Levels of delegated authority for contracts; Ensuring an efficient approval process.
- Application of the CIPS Code of Conduct
- Details included in ethical codes affecting procurement and supply
- The use of ethical codes of practice
- The principles of corporate governance
- The use of documented policies and procedures for the work of procurement and supply
- Forms of bonded and exploitative labour that can exist in supply chains
All Modules in CIPS Level 2 Certification
You can get the full details of CIPS Level 2 – Certificate in Procurement and Supply Operations over here
Why Choose CIPS MatexNet?
- GLOBALLY RECOGNISED COURSES – Throughout the world CIPS qualifications are recognised as driving leading-edge thinking and professionalism in procurement. CIPS is the only independently regulated professional body with an honours degree level qualification. MCIPS Chartered Professional is recognised worldwide as the standard for procurement professionals.
- EXPOSURE TO GLOBAL BEST PRACTICES – MatexNet’s strategic tie up with CIPS to offer professional courses stems out of the essential need of professionally certified procurement and supply chain professionals. Our goal is to bring state of the art best practices and processes in procurement and supply chain to the ever growing market economy in India.
- PRACTITIONERS AS TUTORS – Our tutors are professionally recognised and senior consultants / practitioners and are working across the Public and Private sectors. Each of them bring three decades plus years of industry experience and knowledge to deliver CIPS courses besides sharing up-to-date thinking and best practices.
- EASY ACCESS & FLEXIBILITY – All training is delivered in Classroom format and Live webcasting for Distant learners. You can pick the learning format that works best for you.