Procurement and Supply in Practice in Supply Chain (L4M8)

• Apply the CIPS Procurement Cycle in practical procurement and supply contexts.
• Apply pre-contract and post-contract stages of the procurement process.
• Calculate and assess financial and procurement performance indicators.
• Apply whole-life asset management principles across sectors and industries.
• Understand the risks and benefits associated with extended supply chains and global sourcing.
• Apply environmental, social and governance principles in procurement and supply.
• Use supplier monitoring and KPIs to track and improve performance.

1. Application of the Procurement Cycle

• Holistic application of the CIPS Procurement Cycle.
• Benefits and limitations of structured procurement processes.
• Application of procurement processes in public, private and third-sector organisations.
• Applying procurement concepts to practical workplace situations.

2. Application of the Procurement Process

• Application of the pre-contract stages of the CIPS Procurement Cycle.
• Applying stages 1–8 to practical procurement and supply environments.
• Application of post-contract stages.
• Applying stages 9–13 to workplace contexts.
• Application across public, private and third-sector organisations.
• Calculation and assessment of performance indicators.
• Profitability, liquidity, gearing and cash indicators.
• Assessment of supplier financial viability.
• Fixed and variable costs.
• Mark-up, margin and break-even analysis.
• Benefits and limitations of break-even analysis.

3. Application of Whole-Life Asset Management

• Whole-life asset management principles.
• Application across public, private and third-sector organisations.
• Application across primary, secondary and tertiary industries.
• Whole-life asset management in global sourcing.
• Risks and benefits of extended supply chains.
• Managing costs and risks across the asset life cycle.
• Stakeholder management.
• Product end-of-life and decommissioning activities.

4. Application of Environmental, Social and Governance Principles

• Application of ESG principles across public, private and third-sector organisations.
• ESG application across primary, secondary and tertiary industries.
• Supplier monitoring and KPIs.
• Tracking and improving supplier performance.
• Practical steps for achieving ESG goals.
• Application of ESG principles to different procurement and supply contexts.

20 days

Certification: CIPS Level 4 Diploma in Procurement and Supply – Procurement and Supply in Practice (L4M8)

Duration: 3 hours

Questions: 4 written questions

• CIPS students studying the Level 4 Diploma in Procurement and Supply.
• Individuals planning a career in procurement and supply.
• Professionals in operational procurement and supply roles.
• Individuals managing or supervising procurement and supply functions.
• Learners who want to apply procurement and supply knowledge in practical workplace contexts.

• This module is part of the CIPS Level 4 Diploma in Procurement and Supply.
• CIPS strongly recommends taking L4M8 last, after completing the other Level 4 modules, because the module draws on knowledge and skills developed across M1–M7.
• The referenced Udemy course states that there are no additional requirements or prerequisites for taking its L4M8 preparation course.