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Innovation in Procurement and Supply Chain (L6M8)

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Innovation in Procurement and Supply (L6M8) is an elective module within the CIPS Level 6 Professional Diploma in Procurement and Supply. The module focuses on how procurement and supply leaders can support supplier development, improvement and innovation across the supply chain. It covers cross-functional working, supplier collaboration, technology, data analytics, procurement improvement tools, innovation incentives, environmentally sensitive design and green procurement. The module is designed for procurement and supply leaders who need to understand the techniques available to drive improvement and innovation and the environmental factors that influence these initiatives.
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Course Description

Key Takeaways
  • Understand techniques used for supplier development.
  • Evaluate approaches to collaboration and cross-functional working.
  • Understand how technology can support procurement and supply improvement.
  • Understand tools and techniques used to achieve procurement and supply innovation.
  • Evaluate methods for incentivising supplier improvement and innovation.
  • Understand environmental factors affecting supply chain improvement and innovation.
  • Assess environmentally sensitive design and green procurement approaches.
  • Understand the use of supplier relationship assessment and performance measurement.
Course Outline

1. Techniques for Supplier Development

  • Cross-functional working to improve supply chain performance.
  • Cross-functional involvement in specifications and requirements.
  • Simultaneous or concurrent engineering.
  • Product and process design.
  • Collaboration with suppliers and customers.
  • Early supplier involvement.
  • Innovation councils.
  • Supplier forums and associations.
  • Technology transfer.
  • Data analytics for planning, forecasting, control and decision-making.
  • Integration tools in systems technology.
  • E-procurement and e-catalogues.
  • E-sourcing and e-auctions.
  • Purchase-to-pay (P2P) systems.
  • Data integrity and systems integration.
  • XML, APIs and other integration tools.
  • Cloud computing and mobile technologies.
  • Relationship assessment methodologies.
  • Joint performance appraisal systems.
  • Balanced scorecards.

2. Methods to Achieve Procurement and Supply Improvement and Innovation

  • Technology applications for expenditure control.
  • Data analytics and data capture.
  • Systems integration with suppliers and supply chains.
  • Organisational systems integration and information flow.
  • Artificial Intelligence (AI) and predictive analysis.
  • Total quality approaches.
  • Statistical analysis.
  • Just-in-Time (JIT).
  • Lean thinking and lean supply.
  • Business Process Re-engineering (BPR).
  • Enterprise Resource Planning (ERP).
  • Databases.
  • Business continuity planning for supply chain interruptions.
  • Incentives for improvement and innovation.
  • Bidding, supplier selection and contract award.
  • Contract management and maintaining standards.

3. Environmental Factors Affecting Supply Chain Improvement and Innovation

  • Environmentally sensitive design.
  • Lifecycle analysis.
  • Design for disassembly.
  • Environmentally friendly materials.
  • ISO 14001 environmental standards.
  • ISO 20400 sustainable procurement standard.
  • Impact of green procurement on improvement and innovation.
  • Sustainable procurement.
  • Low-carbon and low-waste approaches.
  • Water-efficient practices.
  • Biodiversity considerations.
  • International environmental targets and agreements.
Duration

10 days

Exam Details

Certification: CIPS Level 6 Professional Diploma in Procurement and Supply – L6M8

Exam duration: 1.5 hours

Question type: Objective Response questions, including multiple-choice and other objective-response formats.

Questions: 42

Who should attend
  • Procurement and supply professionals working towards the CIPS Level 6 Professional Diploma.
  • Procurement and supply leaders.
  • Professionals responsible for supplier development.
  • Professionals involved in procurement and supply improvement and innovation.
  • Individuals responsible for developing or implementing innovation initiatives within supply chains.
Prerequisites
  • CIPS Level 5 Advanced Diploma in Procurement and Supply is the entry requirement for the Level 6 Professional Diploma.
  • L6M8 is an elective module within the Level 6 Professional Diploma.
  • Learners must select three elective modules to complete the required 18 elective credits.

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FAQs

What is CIPS Innovation in Procurement and Supply (L6M8)?

L6M8 is an elective module of the CIPS Level 6 Professional Diploma in Procurement and Supply. It focuses on supplier development, procurement and supply improvement, innovation and the environmental factors affecting these initiatives.

What topics are covered in the CIPS L6M8 module?

The module covers supplier development, cross-functional working, supplier collaboration, e-procurement, data analytics, AI and predictive analysis, Lean, JIT, BPR, ERP, innovation incentives, environmentally sensitive design and green procurement.

How can technology support innovation in procurement and supply?

L6M8 examines technologies and systems including e-sourcing, e-auctions, P2P systems, data analytics, AI and predictive analysis, ERP, cloud computing, APIs and systems integration to support procurement and supply improvement.

Who should study CIPS L6M8 Innovation in Procurement and Supply?

The module is designed for procurement and supply leaders and professionals who need knowledge of the tools and techniques used to achieve improvement and innovation within procurement and supply.

What is the exam format for CIPS L6M8?

L6M8 is assessed through a 1.5-hour computer-based Objective Response examination. The current CIPS Level 6 exam guidance specifies 42 questions, comprising 40 one-mark questions and two 10-mark questions.

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