Procurement and Supply Operations (L2M2)

• Understand different types of organisations and how they operate.
• Understand the fundamentals and components of contractual agreements.
• Identify sources of information about suppliers and customers.
• Understand procurement and supply systems.
• Understand pricing methods used when purchasing goods and services.
• Recognise the advantages and disadvantages of different pricing methods.

1. Types of organisations and how they operate

• Types of business organisations.
• Organisational structures and functions.
• Public, private and third-sector organisations.
• How organisations operate and the role of procurement and supply.

2. Components of contractual agreements

• Fundamentals of contracts and contractual agreements.
• Types of contracts.
• Components and documentation associated with contracts.
• Pricing arrangements used in commercial contracts.
• Tendering and quotations.

3. Sources of information on suppliers and customers

• Internet and online sources of supplier and customer information.
• Supplier and customer websites.
• Credit rating agencies.
• Procurement and supply systems.
• Supplier databases and related information sources.

4. Pricing methods for purchasing goods and services

• Different pricing methods used in procurement and supply.
• Advantages and disadvantages of pricing arrangements.
• Fixed pricing and other commercial pricing approaches.
• Selecting appropriate pricing methods for purchasing goods and services.

5 days

Certification: CIPS Level 2 Certificate – Procurement and Supply Operations (L2M2)

Duration: 1 hour

Questions: 36

• Anyone new to the procurement profession.
• Anyone interested in the procurement and supply profession.
• Anyone seeking introductory knowledge of the procurement and supply function.
• Individuals preparing for the CIPS Level 2 examinations.
• Managers, business leaders or entrepreneurs who need to understand how procurement should function and its impact on business success.

No formal prerequisites