Module aim(s)

Ethical and Responsible Sourcing [L4M4]

Module Purpose

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.

Module aim(s)

In any organisation, a significant element of procurement and supply activity is based around decisions to internally conduct activity or to source from an external supplier.

Hence, the selection of the correct external suppliers is a vital contributor to overall organisational success. This module enables personnel with roles in procurement and supply to formulate selection criteria and sourcing strategies to ensure that the organisation will make the correct choice of external suppliers.

It explains options for sourcing, and examines the key processes that can be applied to the analysis of potential external suppliers and to ensure the development of ethically and socially responsible sourcing agreements. .

The creation of formalized agreements is a critical part of the success of any organization. Those involved in procurement and supply activity will therefore be able to effectively negotiate with stakeholders and/or suppliers and to understand the methods associated with preparing for and carrying out commercial negotiations. This module is designed for those who are faced with negotiations. It enables the learner to analyze approaches to the negotiation of agreements made with external parties, how to prepare for them, and what techniques are available to ensure successful outcomes.

Supplier Relationships [L4M6]

Module Purpose

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.

Module aim(s)

In any organisation, a significant element of the procurement and supply function is based around decisions to source activity from external suppliers. Once agreements have been established the relationship established with the supplier is paramount to overall success. At its highest level outsourcing can take the form of a partnership or joint venture. This module is designed for those who have responsibility for maintaining and managing relationships with stakeholders and suppliers and for those who may be faced with establishing and developing formal partnerships.

Whole Life Asset Management [L4M7]

Module Purpose

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.

Module aim(s)

Whole life costing takes into account the total cost of a product or service over its lifetime, from concept through to disposal including purchase, hire or lease, maintenance, operation, utilities, training, and disposal. Hence, it is important for those involved in the procurement and supply function to take all these elements into consideration when making decisions and comparing the costs of buying, renting, or leasing equipment. In most cases, the purchase costs are a small proportion of the cost of operating it.

Although costly, there are numerous reasons why organizations elect to hold inventory. The management and control of such inventory are therefore vital to organizational success. This module is designed for those who will have responsibility for the whole-life management of assets and enables learners to analyze methods for inventory movement and control and to analyze the concept of whole-life cost.

Procurement and Supply in Practice [L4M8]

Module Purpose

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.

Module aim(s)

Procurement is the business function that ensures identification, sourcing, access and management of external resources that an organisation needs or may need to successfully fulfil its strategic objectives. It exists to explore supply market opportunities and to implement resourcing strategies that deliver the best possible supply outcomes to the organisation, its stakeholders and customers.

In today’s volatile global trading environments, it is not enough for procurement and supply professionals to simply know the theory behind their profession; they must also be in a position to confidently and effectively apply that knowledge to the benefit of the whole organisation, its stakeholders and customers.

This module is designed to test the practical application of procurement and supply concepts and ideas within the practical environments which professionals are expected to perform.