Introducing Procurement and Supply (L2M1)

• Understand fundamental procurement and supply terminology, roles and activities.
• Understand how procurement and supply can affect organisational efficiency and performance.
• Learn how products and services are received from suppliers and delivered to customers.
• Understand the key stages of the sourcing process.
• Understand the administration of purchases made with external suppliers.
• Recognise the importance of ethics and responsible procurement.

1. Understand the role of procurement and supply within organisations

• Common procurement and supply terminology.
• Types of procurement, including capital, revenue, direct and indirect purchases.
• Procurement and supply roles and benefits.
• Value for money and sustainability.
• Supply chain components, tiers and global supply chains.

2. Understand the organisational impact of procurement and supply

• Impact of effective procurement on profitability and efficiency.
• Savings, budgets and organisational targets.
• Total cost of ownership and whole-life costs.
• Centralised, devolved and lead-buying structures.
• The five rights of procurement and supply.

3. Know how products and services are received from suppliers and delivered to customers

• Products and services from external suppliers.
• Outsourced services.
• Suppliers as part of the supply chain.
• Customers and their role within the supply chain.

4. Know the stages of the sourcing process

• Identification of needs and specifications.
• Requests for quotations and invitations to tender.
• Receiving and assessing supplier quotations.
• Contract award recommendations and authorisation.
• Order placement, performance, delivery and supplier payment.
• Expediting deliveries and reviewing outcomes.

5. Understand effective and efficient administration of purchases

• Requisitions, specifications, KPIs and contract terms.
• Requests for quotations and invitations to tender.
• Prequalification questionnaires.
• Assessment of quotations and tenders.
• Orders, tender award documentation and delivery notes.
• Invoice matching and non-compliance.
• Procurement approvals and separation of duties.

6. Know the importance of ethics and responsible procurement

• CIPS Code of Conduct.
• Ethical codes, policies and procedures.
• Corporate governance.
• Ethical issues and exploitative labour in supply chains.

10 days

Certification: CIPS Level 2 Certificate – Introducing Procurement and Supply (L2M1)

Duration: 2 hours

Questions: 72

• Anyone new to the procurement profession.
• Individuals interested in a career in procurement and supply.
• Learners seeking introductory knowledge of the procurement and supply function.
• Individuals preparing for the CIPS Level 2 examinations.
• Managers, business leaders or entrepreneurs who need an understanding of procurement's role and business impact.

No prerequisites