Diploma in Procurement and Supply (CIPS Level-4)
Level 4 is titled a Diploma in Procurement & Supply. With 8 core subjects, this course provides detailed knowledge regarding business needs, commercial contracting and negotiation, ways to manage fruitful supplier relationships, ways to perform ethical and responsible sourcing, and so on. The knowledge and skills gathered from this level can be applied directly in an organization. In short, a proper and justified understanding of procurement and supply chain management can be achieved at this level.
Level 04 All Module Details
On completion of this module, learners will be able to identify the key stakeholders in the application of the sourcing process and analyze the procurement cycle, evaluating the influence that procurement and supply have as a source of added value for the organization.
On completion of this module, learners will be able to devise a business case for requirements to be externally sourced and will understand the role of market management and competitive forces as they specify goods and services in procurement and supply.
On completion of this module, learners will be able to describe the key elements and legal aspects of formal commercial contracts, and analyse and interpret the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers.
On completion of this module, learners will be able to explain the options and associated processes available for sourcing with external suppliers. They will also examine the legal and ethical impact and the implications of corporate social responsibility, on the final sourcing decision.
On completion of this module learners will be able to identify approaches to successfully achieving negotiated commercial agreements with external organisations.
On completion of this module, learners will be able to analyse the dynamics of supplier relationships, examine the processes and procedures for working with stakeholders and appreciate the concept of partnering.
On completion of this module, learners will be able to analyze the dynamics of supplier relationships, examine the processes and procedures for working with stakeholders, and appreciate the concept of partnering.
On completion of this module, learners will be able to demonstrate the practical application of the key elements of the procurement cycle in an integrated manner, within a workplace context.