CIPS Level 4 - Scope and Influence of Proc and Supply [L4M1]

About this course

On completion of this module, you will be able to identify the key stakeholders through the application of the sourcing process, the analysis of the procurement cycle and the evaluation of the influence that procurement and supply have as a source of added value for the organisation.In any organisation, a significant proportion of costs is accounted for by the purchase of products and/or services; hence, organisations see procurement and supply as a key contributor to their value-added strategies. Equally, any organisation will also be managing the supply of products and/or services to its customers, whether internal or from other external organisations, consumers, or the general public. This module is designed around the CIPS Procurement Cycle. It will provide those who are interested in developing an informed awareness of different perspectives or approaches within the discipline with an overview of the key stages and compliance requirements associated with procurement and supply. It will serve as an introduction for those expected to address complex, well-defined, non-routine procurement and supply problems.Did you know: In large organisations, value adding in procurement often comes more from innovation and collaboration than from price cuts. For example, when Rolls-Royce began collaborating closely with key suppliers rather than simply negotiating lower prices, it unlocked 20–30% performance improvements in areas such as materials efficiency and component durability.This demonstrates that “value” in procurement isn’t just financial; it can mean improving sustainability, product quality, reliability, or even supplier relationships that drive long-term competitive advantage.This module is a double credit. We have a lot of ground to cover, so let's get started.