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CIPS - L4M1 - Scope and Influence of Procurement and Supply - 12 credits
Learn to identify the key stakeholders in 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.
CIPS - L4M2 - Defining Business Need - 6 credits
Understand market management and the use of specifications in procurement and supply, along with how to devise a business case for requirements to be sourced from external suppliers.
CIPS - L4M3 - Commercial Contracting - 6 credits
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.
CIPS - L4M4 - Ethical and Responsible Sourcing - 6 credits
Explain the options and associated processes available for sourcing with external suppliers. Examine the legal and ethical impact and the implications of corporate social responsibility on the final sourcing decision.
CIPS - L4M5 - Commercial Negotiation - 6 credits
Identify key approaches and strategies to successfully achieving negotiated commercial agreements with external organisations. Learn how to prepare for negotiations, what are the stages and how commercial negotiations should be taken.
CIPS - L4M6 - Supplier Relationships - 6 credits
Analyse the dynamics of relationships in supply chains, examine the processes and procedures for successfully working with stakeholders and understand the concept of partnering.
CIPS - L4M7 - Whole Life Asset Management - 6 credits
Explain the methods of inventory storage and control and analyse the concept of whole life cost from concept through to disposal. Understand the key elements of inventory control.
CIPS - L4M8 - Procurement and Supply in Practice - 12 credits
Demonstrate the practical application of the key elements of the procurement cycle in an integrated manner, within a workplace context.