Innovation in Procurement and Supply Chain Course Overview

Minimum Prerequisites for the Innovation in Procurement and Supply Chain Course [L6M8]

To ensure you derive the maximum benefit from the Innovation in Procurement and Supply Chain Course, we recommend the following prerequisites:

• Completion of the CIPS Level 4 Diploma in Procurement and Supply.
• Successful completion of the CIPS Level 5 Advanced Diploma in Procurement and Supply.

These prerequisites ensure that you possess a foundational understanding of procurement and supply chain principles, equipping you to engage effectively with the advanced content and innovative techniques covered in this course.

Target Audience for Innovation in Procurement and Supply Chain

Innovation in Procurement and Supply Chain [L6M8] is designed for professionals advancing towards MCIPS Chartered Procurement and Supply Professional status, following the completion of CIPS Level 5.

Target Audience and Job Roles:

• Procurement Managers
• Supply Chain Managers
• Strategic Sourcing Managers
• Supply Chain Analysts
• Purchasing Managers
• Chief Procurement Officers (CPOs)
• Supplier Relationship Managers
• Contract Managers
• Logistics Managers
• Operations Managers
• Supply Chain Consultants
• Procurement Analysts
• Category Managers
• Purchasing Directors
• Materials Managers
• Inventory Managers
• Procurement Engineers
• Procurement Specialists
• Senior Buyers
• Strategic Procurement Officers

Learning Objectives - What you will Learn in this Innovation in Procurement and Supply Chain?

Introduction:

The Innovation in Procurement and Supply course [L6M8] is designed for professionals who have completed the CIPS Level 5 Advanced Diploma. It equips learners with advanced techniques and methodologies to drive innovation and efficiency in procurement and supply chain management.

Learning Objectives and Outcomes:

1. Understand techniques for supplier development:

   • Assess cross-functional working to achieve supply chain improvements, including product and process design.
   • Evaluate techniques to encourage innovation such as collaboration, early supplier involvement, and the use of technology.

2. Evaluate the development and application of technology in supply chains:

   • Contrast various forms of e-procurement like e-catalogues, e-sourcing, and P2P systems.
   • Understand the role of XML, APIs, and modern technologies such as cloud computing and remote working.

3. Evaluate the use of relationship assessment for supplier development:

   • Implement joint performance appraisal systems.
   • Use relationship assessment methodologies and balanced scorecards.

4. Understand methods to achieve procurement and supply improvement and innovation:

   • Explore the use of technology for better expenditure control, data analytics, and system integration.

5. Assess tools and techniques to enhance procurement and supply:

   • Use total quality approaches