Scope and Influence of Procurement and Supply [L4M1] Course Overview

Minimum Required Prerequisites for Successfully Undertaking the Scope and Influence of Procurement and Supply [L4M1] Course:

• Basic understanding of how supply chain works.
• Over 2+ years of relevant experience in a business environment.
• An interest in developing technical skills, knowledge, and competencies in procurement and supply chain management.
• Familiarity with fundamental business concepts and terminologies.

These prerequisites are intended to ensure that learners have a foundational understanding to successfully engage with the course content. Formal entry requirements are not mandatory for this course.

Target Audience for Scope and Influence of Procurement and Supply [L4M1]

Introduction

The "Scope and Influence of Procurement and Supply [L4M1]" course is designed for professionals with over 2 years' experience in a business environment seeking to enhance their procurement and supply chain skills.

Job Roles and Audience

• Procurement Officers
• Supply Chain Analysts
• Purchasing Managers
• Logistics Coordinators
• Inventory Managers
• Procurement Specialists
• Supply Chain Managers
• Operations Managers
• Contract Managers
• Sourcing Specialists
• Vendor Relationship Managers
• Category Managers
• Business Analysts
• Procurement Consultants
• Supplier Performance Analysts
• Supply Chain Coordinators
• Materials Managers
• Procurement Advisors
• Procurement Executives
• Strategic Sourcing Specialists

Learning Objectives - What you will Learn in this Scope and Influence of Procurement and Supply [L4M1]?

Introduction

The Scope and Influence of Procurement and Supply [L4M1] course aims to enhance participants' understanding of procurement and supply chain management, providing insights into value creation, procurement processes, organisational infrastructure, and sector-specific requirements.

Learning Objectives and Outcomes

• Understand the value added through procurement and supply chain management

  • Definitions of procurement, purchasing, and supply
  • Breakdown of organisational costs represented by various procurements
  • Analyzing sources of added value such as innovation, sustainability, and market development

• Distinguish between procurement and supply chain management

  • Definitions and comparisons of procurement, supply chain management, and related concepts
  • Understanding complex supply chains and logistics

• Identify and evaluate stakeholders in procurement or supply chain functions

  • Definition and examples of stakeholders
  • Mapping stakeholders for procurement and supply chain functions

• Understand the key steps and stages in procuring goods or services

  • Explanation of the CIPS Procurement Cycle
  • Stages of the sourcing process, including needs definition, supplier selection, and contract management

• Evaluate the impact of electronic systems on procurement processes

  • E-requisitioning, e-catalogues, e-ordering, e-sourcing, and